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TSE:TD

Toronto-Dominion Bank (TD.TO)

167.84
+1.97 (1.19%)
as of Aug 27, 2026, 8:00:00 pm Market Open.
2222 watching
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Investor Insights
star iconAug 27, 2026, 12:00 am

This summary was created by AI, based on 52 opinions in the last 12 months.

Experts share a mixed outlook on Toronto-Dominion Bank (TD), noting its recent recovery from a money-laundering scandal and strong performance in capital markets and wealth management. However, many express concerns about the stock's current valuation, which they deem high compared to historical averages. While TD has benefited from a favorable economic environment and regulatory support, several experts recommend trimming positions to capture profits or reallocating into more undervalued opportunities. Despite some strong earnings announcements indicating solid fundamentals, there is caution about the growth potential due to ongoing compliance issues and the impact of interest rates on the Canadian economy. Overall, TD is viewed as a resilient player in the Canadian banking sector, yet the optimism is tempered by valuation concerns.

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Consensus
Cautious
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Valuation
Overvalued
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RY
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.
TOP PICK
Likes their strategy of focusing on the retail market. Best in class. Highest return on equity. With the Commerce Bancorp (CBH-N) acquisition it will make the bank really focus on its retail operations. Trades at 2.2X book and is the only bank that increased its dividend this year.
HOLD
(Market Call Minute.) The only bank that raised their dividend this quarter. Results were better than the other banks but to have a large and growing exposure to the northeast US.
DON'T BUY
If he had to pick a bank, this is probably the one he would pick because of their strong focus on retail banking. The problem is, this group is out of favour and will continue to be so.
COMMENT
2% upside on his model price.
TOP PICK
Very good opportunity at this point. Very strong management team and has the largest retail exposure, which should continue to do well.
BUY
Interest rates are coming way, way down and banks do well in a declining interest rate environment. They have stated they are free of any sub prime entanglements. They have also indicated that their acquisition they are buying in the US is also free. Good dividend.
DON'T BUY
In the process of buying Commerce Bank, which they announced near the top of the banking cycle. Valuations of US banks have dropped dramatically but he doesn't see any price change in this deal. TD North has not been performing very well either.
COMMENT
Chart shows how volatile banks have become recently. If you really want to own a bank for the long-term, this is as good as you are going to find. He is avoiding banks at this time.
BUY
This has been one of the better banks to get through all these problems. It didn't have the asset-backed commercial paper. However, 10% of their assets are from TD Bank North and another 10% from TD Ameritrade in the US. Solid balance sheet and trading around 10X earnings.
WATCH
Canadian bank stocks have 2 periods of seasonal strength. Next one starts at the end of January and goes through until the end of May. Toronto Dominion (TD-T) or Royal Bank (RY-T) would be his favourites. This one is at its support level. Consider buying closer to February. Also keep an eye on the sector.
TOP PICK
Likes banks generally. Good earnings power. Made some very shrewd decisions. Ratio of bank yields to Canadian bond yields is at a five standard deviation from the norm. An opportunity to buy a great bank at a great price.
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