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TSE:TD
This summary was created by AI, based on 52 opinions in the last 12 months.
Experts share a mixed outlook on Toronto-Dominion Bank (TD), noting its recent recovery from a money-laundering scandal and strong performance in capital markets and wealth management. However, many express concerns about the stock's current valuation, which they deem high compared to historical averages. While TD has benefited from a favorable economic environment and regulatory support, several experts recommend trimming positions to capture profits or reallocating into more undervalued opportunities. Despite some strong earnings announcements indicating solid fundamentals, there is caution about the growth potential due to ongoing compliance issues and the impact of interest rates on the Canadian economy. Overall, TD is viewed as a resilient player in the Canadian banking sector, yet the optimism is tempered by valuation concerns.
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).