
TSE:TD
This summary was created by AI, based on 56 opinions in the last 12 months.
Toronto-Dominion Bank (TD) has shown resilience and solid performance across its business segments, particularly in wealth management and capital markets. Analysts appreciate the bank's ability to navigate a favorable regulatory environment, with OSFI lowering thresholds for risk-weighted assets, allowing TD to lend more capital. Despite its strong growth, concerns linger regarding its high valuation, as TD currently trades at historically elevated price-to-earnings ratios close to 16x. Many experts suggest trimming positions as the stock has experienced significant gains over the past year. The consensus seems to point to caution, recommending investors wait for better buying opportunities, especially given the uncertainty surrounding TD's U.S. expansion and ongoing regulatory challenges.
Very well-run bank with US operations. He prefers to buy US banks as opposed to Canadian Banks with US representations. This week three major organizations put up warnings signs about the growing consumer debt and how might affect Banks in the future. Something to worry about.Dividend yield is 3.5%. He prefers Bank of Nova Scotia (BNS-T) for Canadian Bank because of its international exposure.
Banks in general have done well in Canada but not as well as in the US. CM-T had good results this morning. It is not reacting as well as it should do. Banks should do well into mid-April. If we get a couple of good earnings this season it will be quite positive for the banks. Banks are okay to get into now but he is not a big fan because of the level of indebtedness in Canada.
26% of its business is US retail and they own 41% of Ameritrade, which offers strength as well. It has pulled back, like all Canadian banks, and it is well-valued at this level. She expects TD to increase its dividend around the end of February, as they typically do in the the first quarter each year. (Analysts' price target is $79.78).
Likes it for U.S. exposure and strong Canadian brand. Can own this for the long haul. Government makes tougher laws to avoid bad loans.