TSE:TD

Toronto-Dominion Bank (TD.TO)

175.27
+2.46 (1.42%)
as of Jul 15, 2026, 8:00:00 pm Market Open.
2223 watching
0
Investor Insights
star iconJul 15, 2026, 12:00 am

This summary was created by AI, based on 58 opinions in the last 12 months.

Experts have expressed mixed sentiments regarding Toronto-Dominion Bank (TD), with many acknowledging its recovery from previous money laundering issues, yet flagging the bank's current high valuation. While TD has shown solid growth in wealth management and capital markets, concerns about overvaluation persist, particularly with a PE ratio significantly above historical norms. Many analysts have suggested trimming positions, taking profits, or being cautious about new investments until a healthy pullback occurs. There are also questions about the bank's future growth trajectory, especially given the caps on its US expansion and the sluggish performance of its core retail banking sector in Canada. Despite these concerns, several experts maintain a positive outlook on the bank's long-term prospects, especially as it adapts to its regulatory environment and focuses on improving its US operations.

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Consensus
Overvalued
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Valuation
Overvalued
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Similar
RY
TOP PICK
They've done better than their peers. Likes their 30% exposure to the U.S. where the economy is doing better than ours. Trades at a discount to historical valuations at a current 11x. Pays a 3.7% yield. Earnings will grow 15% . TD's payout ratio is 42%. Dividends will increase in mid-high-single digits in coming years. Seasonally, banks do well this quarter. (Analysts’ price target is $85.67)
BUY
He is bullish on banks. He sees it as a good opportunity to buy. It was a screaming technical buy last week. They will generate shareholder value. If you buy TD, you are buying for the US exposure. Can’t really go wrong with any of the Canadian banks.
BUY
He’s bullish on all the Canadian banks. TD has more US exposure, as do Royal and BMO. Scotia is international, CIBC is domestic. With TD, you get an American bank with the dividend tax credit. Canadian banks should be a core holding, and they all raised the dividend this year.
HOLD
Great franchise. Canadian Banks in general did well during the Financial Crisis so naturally they trade at a premium. Good exposure to the US. He feels there are more value in other places like European Financials.
BUY ON WEAKNESS
The banks are coming down, including TD. He targets $66-68 on the downside. That said, this bank is superbly run and on the way to becoming Canada's biggest bank. Excellent customer service.
PAST TOP PICK
(A Top Pick Aug 21/18, Down 7%) The market is under pressure and he is looking for it to turn around. He continues to recommend it.
WEAK BUY

All Canadian banks have seen a pullback, which is a buying opportunity. Other banks pay more yield than TD, whose valuation is slightly higher. Buy the best valuation when you enter a Canadian bank stock. But he wouldn't be worried owning TD now.

BUY

Still confident with TD. It continues to trade at a premium to its peers due to its outsized presence in the States. It's one of three Canadian banks he owns and he's very happy to. 3.7% yield.

BUY

The sector had performed well up to the last few weeks. Banks generally benefit from rising interest rates. However, deposit rates will go up as well, albeit much slower. The bigger risk for Canadian banks is the slowing loan growth. He likes TD because of the US exposure. It is a good valuation at these levels. It remains a long term hold for him.

BUY ON WEAKNESS

It has a good possibility of pulling back to $67, where it would be a spectacular buying opportunity.

HOLD

Owned since 1995. Dividends have grown, and faster than other Canadian banks, which bumps the share price. Owns TD, a Swedish bank, HBSC in India, and Jardine Matheson. Better than owning all 6 Canadian banks. Cash flow lets these companies raise the dividend so you can double your money faster. Yield is 3.6%.

BUY

Like any of the Canadian banks he feels they have a place in the portfolio. If you are investing for the long-term, this bank is one of the better ones to own. Continue to hold it. They are trading at a five year low on a P/E basis giving you a little of a buffer.

BUY

It's one of his largest holdings. Attractively valued with 8-10% earnings growth. TD and RY are the top two Canadian
banks. Likes TD's American exposure. Slow and steady growth for this sector historically. This sector should anchor your portfolio and can withstand an economic downturn.

HOLD

He agrees with yield curve not inverting for another 3 years, as per Jerome Powell. One of the better banks to own. Modelling 7% EPS growth. Trading at a premium. If you own it, stay with it. BMO is a better deal right now.

SELL

The expectation is that the rate is going to invert next year. That is not good for banks. If you believe that next year is the great inversion, you don’t want to own any financials. Period.

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