
TSE:TD
This summary was created by AI, based on 64 opinions in the last 12 months.
The Toronto-Dominion Bank (TD) has shown strong performance in recent months, recovering well from past regulatory issues related to money laundering. However, experts express concern over the current high price-to-earnings (P/E) ratio, which exceeds historical averages. Many analysts suggest that the stock is trading at a premium compared to its peers and is overvalued by about 5-16%. There are mixed opinions on the future growth potential, with some emphasizing that growth opportunities in the US remain limited due to regulatory restrictions. Most experts recommend trimming positions and waiting for a better entry point, indicating cautious optimism about long-term prospects amidst current overvaluation and market dynamics.
Holds a residual Nov 1/17 but resets on Nov 1/12. Reset is 100 basis points over the 3 month Bankers Acceptance Rate. What happens to the residual on Nov 1/12 if TD does not call the bond? Should I sell before Nov 1? There is no question that you will get your money back on Nov 1/12 but you could sell before that.
Sees better earnings growth than on Bank of Montréal (BMO-T) but their dividend is only 3.6% compared to Montreal's, which is over 6%. Expect they will have another dividend increase this year. Likes their US acquisitions and sees good opportunities to increase loans, mortgages and other wealth management services. Looking for about $90 one year out.
Has the highest upside potential to target. All the banks have had good returns but this one has the best. Retail margins will be somewhat pressured but this is the best operator in Canada. Wealth management business continues to do well. US investment and business will be the sleeper and will be a key driver going forward. 3.5% dividend yield.