TSE:TD

Toronto-Dominion Bank (TD.TO)

170.03
-0.87 (0.51%)
as of Jun 26, 2026, 8:00:00 pm Market Open.
2225 watching
0
Investor Insights
star iconJun 26, 2026, 12:00 am

This summary was created by AI, based on 61 opinions in the last 12 months.

Toronto-Dominion Bank (TD) has garnered mixed reviews from experts, reflecting a combination of concerns and optimism surrounding its recent performance and future outlook. The bank has rebounded from past issues, including a money-laundering scandal, showing strong earnings with growth primarily driven by its Canadian operations. However, many analysts caution that TD's stock is currently trading at historically high price-to-earnings (PE) ratios, suggesting the potential for overvaluation, and recommend trimming positions or waiting for better buying opportunities. Concerns about growth limitations in the US and the overall banking sector’s high valuations contribute to a cautious stance, despite the solid growth trajectory seen in earnings and dividends. Overall, while TD remains a strong player in Canadian banking, adjustments to holdings appear prudent for many investors at this stage.

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Consensus
Trim
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Valuation
Overvalued
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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.
BUY
Likes Cdn banks. In a period of rising interest rates, which he doesn’t expect to happen soon, they might find a little squeeze in terms of their book. Expecting dividend increases over the next couple of years.
TOP PICK
Strong leader in domestic franchise. Better earnings growth than most of the other banks. Comfortable with their US exposure.
TOP PICK
(A Top Pick Nov 19/09. Up 14.2%.) Did a great job expanding into the US retail market.
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