TSE:TD

Toronto-Dominion Bank (TD.TO)

169.65
+1.75 (1.04%)
as of Aug 5, 2026, 8:00:00 pm Market Open.
2222 watching
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Investor Insights
star iconAug 5, 2026, 12:00 am

This summary was created by AI, based on 56 opinions in the last 12 months.

The Toronto-Dominion Bank (TD) has experienced remarkable growth in the past year, recovering from past penalties and regulatory challenges. Analysts highlight its well-positioned status within the Canadian banking sector, benefiting from AI investments and a favorable regulatory environment. Despite the impressive performance, there are concerns about its high price-to-earnings (PE) ratio, which is currently above historical averages, prompting some experts to suggest trimming positions. Many consensus opinions indicate a cautious outlook due to the overvaluation, signaling potential profit-taking opportunities. Overall, while TD is seen as a strong, solid bank with good long-term prospects, expertise suggests waiting for a better entry point or considering other investment opportunities in the current market climate.

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Consensus
Caution
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Valuation
Overvalued
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RY
PAST TOP PICK
(A Top Pick Dec 16/09. Up 24.94%.) Still likes.
BUY
One of his 2 favourites. Likes what they have been doing in the US. Well run.
TOP PICK
Likes its ratios. Made some interesting US acquisitions. Went through the US crisis with very little peripheral damage. Buying the Chrysler finance company is probably a good move. Can see some real potential growth from its US holdings. Great at developing their domestic operations.
COMMENT
Have positioned themselves as a great retail bank. Recently acquired Chrysler Financial, which gives them some systems in a market where they already had smaller exposure to in the US. Well managed.
DON'T BUY
Cdn banks have gone sideways for the last 7-8 months. If you are looking for income the banks are fine. This is one of the stronger ones with a good balance sheet. Not sure if there’s much growth coming from the banks.
PAST TOP PICK
(A Top Pick Feb 10/10. Up 18.72%.) Still likes.
BUY
Favourite bank, Canadian and US retail. Thinks they will raise the dividend in either the Feb report or the next one. Likes to buy at $73.
TOP PICK
Likes their US assets. Very customer friendly bank.
TOP PICK
Great retail bank and they understand retailing. Loves the recent Chrysler Financial deal as they only paid a small premium to book..
BUY
Earnings were a little disappointing and probably took a hit from their US exposure. Based on earnings estimates, it has the lowest multiple of all the big 5 banks. Expecting dividend increases from all of the banks next year.
COMMENT
Incredibly well run bank if you have a longer term horizon. They are looking for growth on the US side and expect they will end up being a major bank in the US market. He plays financials through the iUnits S&P Financial (XFN-T). (Not adding to this but when it goes through $25 he’ll start rotating into energy (iUnits S&P/TSX Energy ETF(XEG-T)), which he expects to do better next year.)
DON'T BUY
Just announced 24% growth. More employees in US than in Canada. Low ROE in the US at 6%. Canadian costs are up. Home ownership in Canada is at record highs and doesn’t see a lot more in home ownership. Doesn’t expect lending and mortgages to grow as much. Would like to see a lower price.
PAST TOP PICK
(A Top Pick Jan 6/10. Up 1.45%.) Floating rate note maturing February 15/11.
COMMENT
There is a big question on dividends of the banks and at this point they are able to increase dividends, but because of the uncertainty of Basil 3, none of them seem willing. This one and Bank of Nova Scotia (BNS-T) are best positioned to increase them. Probably in the 1st quarter of 2011.
TOP PICK
Thinks it will be the first of the big 5 to raise its dividend as it has the lowest payout ratio. Expects all the banks to earn sluggish type earnings, 6%-7% increases, but looking at 8%-10%. Likes their US strategy.
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