TSE:TD

Toronto-Dominion Bank (TD.TO)

157.74
-0.29 (0.18%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
2224 watching
0
Investor Insights
star iconJun 5, 2026, 12:00 am

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.

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Consensus
Trim
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Valuation
Overvalued
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Similar
RY
BUY
4th quarter for Canadian banks? If there is a weakening in the Cdn$ to $0.93, this would be helpful in reporting their profits as over half of their branches are in the US. Have increased their dividend twice in the last year. US operation is working out well. Canadian banks, as a whole, are going to have a weaker quarter on their capital markets because of our slide.
COMMENT
Toronto Dominion (TD-T) or Royal (RY-T) for a long-term hold? Royal just sold their US retail operations while TD continues to expand and is attracting a lot of deposits. Would prefer TD because of less trading activity but a very hard question as they are both very close.
HOLD
It’s an unpopular thing to say you are not in the banks. He is concerned about what will come out in November. None of the bond desk are making any money. He owns legacy positions.
BUY
Has the wind at its back that not only does it have the capital, but their strategy is being deployed (being accretive in the US). Dividends will go up, but probably not for the next 2 quarters.
COMMENT
Seasonally intends to do very well just prior to reporting of annual results (Oct to Dec) and Feb to May.
BUY
Strongest deposit base in Canada. Credit card receivables they recently got will give some accretion. Definitely likes TD.
DON'T BUY
Most of the banks are trading where they where in the 1st half of last year. Fundamentally it is not as strong as some of the other banks. The sell off that has occurred in the last couple of days in a row does not look very good. Has the potential to go down to $69. Be very cautious. (See Top Picks.)
BUY ON WEAKNESS
He is not rushing into the banks at the present time. US banks are under a lot of pressure and this tends to spill over. This is one of his core bank holdings and he is not selling. Dividend is not bad. Thinks he might be able to get it cheaper.
BUY
Acquisition of Bank of America (BAC-N) credit card portfolio will add $0.05 a share next year and $.10 the year after. Credit cards are going to be a more profitable business going forward.
TOP PICK
(A Top Pick Aug 11/10. Up 10.13%.) Best managed bank in Canada. Trading down now at just a little over 10X earnings. Almost a 3.5% yield. Great growth prospects in the US. Purchase of the credit card portfolio in the US today was a good move.
TOP PICK
(A Top Pick Sept 2/10. Up 8.41%.) Likes the growth as a result of some of their acquisitions. Has the most profitable US retail system of any Canadian bank. Very well managed. Get 1.8 million new customers with their latest acquisition.
TOP PICK
One of the best in class. Revenues stream is split about 88% personal/commercial and 12% wholesale. Likes their US operations. Very safe.
HOLD
Financials are suffering from the situation in the US. Big fear is that if an impasse isn't avoided, there would be a pop in interest rates, which is an environment that banks do not do well in. Banks are in a bit of a margin squeeze on their margins versus their lending. Wouldn't add at this time.
BUY
One of his top holdings. Executing very well. Strong domestic franchise. Expects the US market will continue to be a sleeper for them in terms of being a positive. His target is $90.
PAST TOP PICK
(A Top Pick July 20/10. Up 15.53%.)
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