TSE:TD
83.25
0.16
(0.19%)
The Toronto-Dominion Bank is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario.
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Analysis and Opinions about TD-T
Signal
Opinion
Expert
Chart
BUY
BUY
July 8, 2021
He lightened up on the banks last quarter. When stocks stop rising on good news, he gets concerned. Canadian banks had quite a run. Lower yields were a headwind. Likes the US assets. Overcapitalized. Eventually will raise dividends, buy back shares, do acquisitions. He's adding. Valuations are at the higher range, buy you could do a lot worse than owning the banks.
Show full opinionHide full opinion
He lightened up on the banks last quarter. When stocks stop rising on good news, he gets concerned. Canadian banks had quite a run. Lower yields were a headwind. Likes the US assets. Overcapitalized. Eventually will raise dividends, buy back shares, do acquisitions. He's adding. Valuations are at the higher range, buy you could do a lot worse than owning the banks.
PAST TOP PICK
PAST TOP PICK
July 7, 2021
(A Top Pick Jul 07/20, Up 51%) Valuation premium and analyst fan base has waned a bit. Due to US expansion, plus US net interest margin sensitivity is high. Continues to own and buy.
Show full opinionHide full opinion(A Top Pick Jul 07/20, Up 51%) Valuation premium and analyst fan base has waned a bit. Due to US expansion, plus US net interest margin sensitivity is high. Continues to own and buy.
TOP PICK
TOP PICK
July 7, 2021
Canada's second largest bank. Increasingly, a force to be reckoned with in US banking. War chest of excess capital, which they've signalled they'll use to make acquisitions. Good leadership changes. 14% ROE. Worst of net interest margin pressures is over, capital markets firing on all cylinders, likes the business mix. Good value here. Clear line of sight to double digit total return over a cycle. Yield is 3.36%. (Analysts’ price target is $93.14)
Show full opinionHide full opinionCanada's second largest bank. Increasingly, a force to be reckoned with in US banking. War chest of excess capital, which they've signalled they'll use to make acquisitions. Good leadership changes. 14% ROE. Worst of net interest margin pressures is over, capital markets firing on all cylinders, likes the business mix. Good value here. Clear line of sight to double digit total return over a cycle. Yield is 3.36%. (Analysts’ price target is $93.14)
TOP PICK
TOP PICK
June 16, 2021
Strongest capital position of all the big 6 banks. Their interest in Schwab can be monetized. Want to expand their already large US presence. Loan growth should pick up. Will benefit when regulatory restrictions are lifted. Should continue to increase dividends. Yield is 3.61%. (Analysts’ price target is $93.28)
Strongest capital position of all the big 6 banks. Their interest in Schwab can be monetized. Want to expand their already large US presence. Loan growth should pick up. Will benefit when regulatory restrictions are lifted. Should continue to increase dividends. Yield is 3.61%. (Analysts’ price target is $93.28)
BUY
BUY
May 27, 2021
Benefits from a rising interest rate environment. With its footprint in the US, influenced by the USD. Very well capitalized, solidly profitable, not that expensive. In great parts of the US; bought its assets really well. Cream of the crop of retail banks in Canada, and less sensitive to capital markets.
Show full opinionHide full opinionBenefits from a rising interest rate environment. With its footprint in the US, influenced by the USD. Very well capitalized, solidly profitable, not that expensive. In great parts of the US; bought its assets really well. Cream of the crop of retail banks in Canada, and less sensitive to capital markets.
BUY
BUY
May 26, 2021
His personal favourite, a forever hold. Great presence in retail. Great footprint into the US. A close second to RY as the most conservative. Expects positive earnings surprises.
His personal favourite, a forever hold. Great presence in retail. Great footprint into the US. A close second to RY as the most conservative. Expects positive earnings surprises.
BUY
BUY
May 4, 2021
Rate hikes are good for Canadian banks. He expects dividend growth sometime this year, especially TD which is very well-capitalized. They have billions of dollars, enough cash to buy back shares, raise the dividend a lot and/or make acquisitions, like a bank in the U.S. southeast. He also likes their deal with Ameritrade; this business combination will yield $2 billion in synergies. In Canada, their domestic personal and commercial banking business is #2 or #3. Shares are at all-time highs, but you can still buy this and other Canadian banks, which have been the cornerstones of his portfolios. Canadian banks make all-time highs time and time and time again.
Rate hikes are good for Canadian banks. He expects dividend growth sometime this year, especially TD which is very well-capitalized. They have billions of dollars, enough cash to buy back shares, raise the dividend a lot and/or make acquisitions, like a bank in the U.S. southeast. He also likes their deal with Ameritrade; this business combination will yield $2 billion in synergies. In Canada, their domestic personal and commercial banking business is #2 or #3. Shares are at all-time highs, but you can still buy this and other Canadian banks, which have been the cornerstones of his portfolios. Canadian banks make all-time highs time and time and time again.
BUY
BUY
April 16, 2021
Looking at US banks, their read through is very good. Loan loss reversals, investment banking is doing well. TD will benefit from this as well. All Canadian banks look good here. It is trading at a premium right now. Likes BMO more.
BUY
BUY
April 9, 2021
Likes banks in general. TD is on the upper end of price. Likes the good price momentum, reasonable multiple, and return of reserves. The rising yield curve is good for the banks. Mortgage rates have started to go back up again. Payout ratio is good, earnings are good. US exposure is a positive right now. Retail trading has exploded.
Show full opinionHide full opinionLikes banks in general. TD is on the upper end of price. Likes the good price momentum, reasonable multiple, and return of reserves. The rising yield curve is good for the banks. Mortgage rates have started to go back up again. Payout ratio is good, earnings are good. US exposure is a positive right now. Retail trading has exploded.
BUY
BUY
April 5, 2021
Today is as good a day as any to buy it. They have a great presence here in Canada and a strong business in the US. He thinks restrictions on buying back shares or raising dividends will be loosened. It should be good for the stock price.
Show full opinionHide full opinionToday is as good a day as any to buy it. They have a great presence here in Canada and a strong business in the US. He thinks restrictions on buying back shares or raising dividends will be loosened. It should be good for the stock price.
BUY
BUY
March 24, 2021
Likes it. Will benefit from trend of higher interest rates over the next 12-18 months. Net interest margin improvement is very important to get higher ROEs. Super high quality. Very well managed. Yield of almost 4%.
Show full opinionHide full opinionLikes it. Will benefit from trend of higher interest rates over the next 12-18 months. Net interest margin improvement is very important to get higher ROEs. Super high quality. Very well managed. Yield of almost 4%.
PAST TOP PICK
PAST TOP PICK
March 23, 2021
(A Top Pick Mar 04/20, Up 26%) It remains discounted to their peers. TD has had minor struggles in recent years, but he likes it long-term. He has reduced his overall bank weighting, but will stick with TD as his biggest bank holding. He hopes for a pullback. The rise in rates has pushed up this stock. That rise could continue into summer.
Show full opinionHide full opinion(A Top Pick Mar 04/20, Up 26%) It remains discounted to their peers. TD has had minor struggles in recent years, but he likes it long-term. He has reduced his overall bank weighting, but will stick with TD as his biggest bank holding. He hopes for a pullback. The rise in rates has pushed up this stock. That rise could continue into summer.
BUY
BUY
March 10, 2021
Canadian banks as a group are attractive right now. The entire space should fare well. US banks valuations have come up, whereas Canadian ones are still undervalued. He also likes RY and TD.
PAST TOP PICK
PAST TOP PICK
March 5, 2021
(A Top Pick Mar 10/20, Up 37%) It will be a good year for banks. Earnings were up 10% yoy and reached record high. Their provisions for credit losses are at 15 year low. Have to give kudos to the Canadian government. Has the strongest capital position among banks which will be deployed as soon as they can. The volumes of their discount broker is very busy and doing very well.
Show full opinionHide full opinion(A Top Pick Mar 10/20, Up 37%) It will be a good year for banks. Earnings were up 10% yoy and reached record high. Their provisions for credit losses are at 15 year low. Have to give kudos to the Canadian government. Has the strongest capital position among banks which will be deployed as soon as they can. The volumes of their discount broker is very busy and doing very well.
PAST TOP PICK
PAST TOP PICK
January 27, 2021
(A Top Pick Jan 08/20, Up 4%) Has developed a great US franchise that will continue to grow. Selling Ameritrade business to Schwab was a good move that will grow their retail business. TD is well-capitalized like all Canadian banks. Real estate is an ongoing worry in Canada, but TD has a diversified loan book and income stream--not just loaning money, but credit cards, asset management and investment banking. TD is not pricey at current levels, so you can buy it. Pays a great dividend. Banks will improve their cost structure, particularly in the back office. There may be an inflection point later where customers bank online and don't go to actual branches.
(A Top Pick Jan 08/20, Up 4%) Has developed a great US franchise that will continue to grow. Selling Ameritrade business to Schwab was a good move that will grow their retail business. TD is well-capitalized like all Canadian banks. Real estate is an ongoing worry in Canada, but TD has a diversified loan book and income stream--not just loaning money, but credit cards, asset management and investment banking. TD is not pricey at current levels, so you can buy it. Pays a great dividend. Banks will improve their cost structure, particularly in the back office. There may be an inflection point later where customers bank online and don't go to actual branches.
Toronto Dominion(TD-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 26
Neutral - Hold Signals / Votes : 5
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 32
Toronto Dominion(TD-T) Frequently Asked Questions
What is Toronto Dominion stock symbol?
Toronto Dominion is a Canadian stock, trading under the symbol TD-T on the Toronto Stock Exchange (TD-CT). It is usually referred to as TSX:TD or TD-T
Is Toronto Dominion a buy or a sell?
In the last year, 32 stock analysts published opinions about TD-T. 26 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for Toronto Dominion.
Is Toronto Dominion a good investment or a top pick?
Toronto Dominion was recommended as a Top Pick by John Zechner on 2021-07-08. Read the latest stock experts ratings for Toronto Dominion.
Why is Toronto Dominion stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Toronto Dominion worth watching?
32 stock analysts on Stockchase covered Toronto Dominion In the last year. It is a trending stock that is worth watching.
What is Toronto Dominion stock price?
On 2021-07-28, Toronto Dominion (TD-T) stock closed at a price of $83.25.
