TSE:TD

Toronto-Dominion Bank (TD.TO)

169.65
+1.75 (1.04%)
as of Aug 5, 2026, 8:00:00 pm Market Open.
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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 July 16/07. Down 10%.) He had expected a mortgage lender crisis in 07 and 08 and this was the best of the lot. However, in the last few months, the ROE has started to decline precipitously. Sold his holdings.
BUY
The time is an opportunity to Buy for the long-term. Doesn't think you are too poorly served to have 2 or 3 banks making up 7% to 10% of your portfolio.
BUY
Numbers were disappointing but they do like this one. One of the better performing backs right now.
COMMENT
Basically avoided the subprime meltdown. ROE is about 18% - 20%. Have made an appropriate strategy by expanding in the US in the right way. Bank North is finished and is adding value. Thinks it will consistently outperform the other banks. Long-term hold.
BUY
Has performed better than most banks. Just acquired another US bank. Good dividend. Good holding for the longer-term view.
BUY
Skated all the sub prime. Have a little bit of US exposure through Commerce Bank, which is retail exposure. Had a long enough ramp up before the closure so were able to get them to clean up any problems before they actually brought it in.
HOLD
(Market Call Minute.) Probably the best looking Canadian bank and if you were going to buy one this would be it.
BUY
Has acquired the US Commerce Bankcorp. Important questions are; is it a good acquisition, can they integrate it and is it a good foray into the US. She believes the answers are yes. Likes their 2-prong US strategy with the discount brokerage operation and now a more traditional bank.
HOLD
(Market Call Minute.) Some of the other banks are more attractively priced.
PAST TOP PICK
(A Top Pick Apr 2/07. Down 5%.) Chose it because it had no US exposure and this is why he still likes it. Still a Hold. Dividend is good.
COMMENT
(Market Call Minute.) Not a big fan of Canadian banks right now. If you have to own one, this is not a bad one.
TOP PICK
Has done a great job of managing its business for a number of years. Missed the ABCP problems and haven't been exposed to CDO’s in any meaningful way. Indicates good management. Trades at a bit of a premium to the average. If you are worried about volatility, this is a safer place.
DON'T BUY
Bank of Nova Scotia (BNS-T), Royal Bank (RY-T) and Toronto Dominion (TD-T) are probably the most expensive banks in North America and possibly even the European banks. The upside in his model price is in single digits. The most upside to his model prices are National Bank (NA-T), CIBC (CM-T) and Bank of Montreal (BMO-T).
WAIT
Has suffered because on its exposure in the U.S. The management is some of the best in the banking industry. TD is approaching a good price and it’s a good company. Prefers BMO, it can better deal with this environment, pays you while you’re waiting.
TOP PICK
Made several acquisitions in the U.S. Want to grow their retail franchise. Have been very smart. Getting it at a decent price, at a decent multiple with a decent yield.
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