TSE:TD

Toronto-Dominion Bank (TD.TO)

169.65
-1.25 (0.73%)
as of Jun 26, 2026, 3:22:35 pm Market Open.
2225 watching
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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 experienced a significant rally, recovering remarkably from past penalties related to money laundering. While many experts acknowledge its robust earnings and strong position within the Canadian banking system, there are growing concerns about its current valuation, which is perceived as high compared to historical norms. Overall, the stock is seen as solid but largely fully priced, leading some analysts to recommend trimming positions or looking for better entry points. The consensus recommendation varies, with some holding the stock due to its solid long-term dividend potential while noting that growth may be constrained due to regulatory issues in the U.S. Experts emphasize caution, suggesting that investors consider taking profits or waiting for a potential pullback before further investment.

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Consensus
Trim
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Valuation
Overvalued
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RY
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.
TRADE
Thinks this is the middle of the pack, have stronger management. Thinks that the acquisitions in the US have been ill timed.
DON'T BUY
Seems to be weathering well. This might be the first one to go. Don’t try to start bargain hunting yet.
BUY
(Market Call Minute.) Likes this bank.
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