TSE:TD

Toronto-Dominion Bank (TD.TO)

174.00
-1.27 (0.72%)
as of Jul 16, 2026, 2:24:07 pm Market Open.
2223 watching
0
Investor Insights
star iconJul 16, 2026, 12:00 am

This summary was created by AI, based on 59 opinions in the last 12 months.

Toronto-Dominion Bank (TD) has experienced a significant recovery following previous challenges such as the money laundering scandal, and currently ranks highly among Canadian banks. The bank has seen strong growth in its wealth management and capital markets divisions, while its retail operations remain robust. However, many experts express concerns about its current high valuation, with P/E ratios exceeding historical averages. Some analysts suggest taking profits or trimming positions, while others see the potential for solid long-term growth, particularly if the bank can optimize its U.S. assets. Overall, the sentiment is mixed, with calls for caution amidst favorable longer-term forecasts.

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Consensus
Mixed
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Valuation
Overvalued
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Similar
RY
COMMENT
Spot on the model price.
DON'T BUY
Not particularly strong on this sector, TD not his favourite.
HOLD
Has a growth platform focused in the US. As a result, it has exposure to the Cdn$ and perhaps to some of the situations that are impacting the US economy. Long-term, a very good investment but short term would prefer others.
BUY
Adding to new accounts. Banks have rolled over recently, probably due to higher interest rates. He looks for an 8%-10% average capital gain plus the yield.
BUY
If he were adding a bank he would add a bank that has exposer outside of Canada. Would prefer Bank of Nova Scotia.
WATCH
Hasn't done as well as some of the other banks, mainly because of its US subsidiary Bank North. Now going to be run by TD. Canadian operations have been fantastic. Should see signs towards the end of the year of their progress.
PAST TOP PICK
(A Top Pick May 31/06. Up 16.1%.) Still has the same attributes and he still likes. His favourite bank stock.
HOLD
Seasonal period from end of September until the end of May. He says the chart is “beautiful”, only concern is the strength relative to the rest of the market is going negative. This is with banks in general.
BUY
Banks have been underperforming. Like the TD (prefer Commerce, rates Commerce as #1, TD as #2).
BUY
Has executed very well. One of the best retail franchises. Has spent a lot of time and energy on their wealth management business. US strategy makes a lot of sense to grow organically.
DON'T BUY
Have been adding to their US side of the business. Some of the US numbers have been weak. Expects only modest growth from Canadian banks.
HOLD
Canadian banks are not excessively cheap but you can expect an 8% to 12% return, which is pretty good. Although they've had some problems with the US franchise, this is getting sorted out.
TOP PICK
(A Top Pick May 31/06. UP 15.6%.) Their US TD Bank North is taking a write-off, about a 4%-5% restructuring of staffing. Growth plus dividend gives about a 15% return.
COMMENT
A little concerned that profit growth on banks will slow down this year. Loan losses are probably at cycle lows. If the economy slows down, these may start to rise. Likes this one better than most.
BUY
Likes this bank. Canadian banks have no US sub-prime mortgage exposure. There is now a big valuation spread between the two. Could be at a point where Canadian banks may be sold in order to buy US ones.
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