Toronto Dominion

TD-T

TSE:TD

61.57
0.80 (1.28%)
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
PAST TOP PICK
PAST TOP PICK
September 16, 2020
(A Top Pick Oct 28/19, Down 13%) Still their bank of choice in Canada. A big mistake for Canadians is to hold too many Canadian banks. TD is underindexed on oil and gas, dividend has increased this year, franchises have grown, insurance has done well. Predicts job cuts later this year.
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Toronto Dominion (TD-T)
September 16, 2020
(A Top Pick Oct 28/19, Down 13%) Still their bank of choice in Canada. A big mistake for Canadians is to hold too many Canadian banks. TD is underindexed on oil and gas, dividend has increased this year, franchises have grown, insurance has done well. Predicts job cuts later this year.
BUY
BUY
September 15, 2020

Canadian bank outlook The Canadian banks offer decent value though have lagged the overall market. The banks have provisioned in Q2 and Q3, and this level has likely peaked, so these levels should decline ahead. Look out for the next quarterly report, because the banks heavily warned about mortgages and commercial loans and many of these will start to roll off. The banks offer good dividend yields that she expects to hold. The banks entered the pandemic with strong capital and continued to strengthen it. She also own RY. Like this and TD. She'd buy both presently.

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Toronto Dominion (TD-T)
September 15, 2020

Canadian bank outlook The Canadian banks offer decent value though have lagged the overall market. The banks have provisioned in Q2 and Q3, and this level has likely peaked, so these levels should decline ahead. Look out for the next quarterly report, because the banks heavily warned about mortgages and commercial loans and many of these will start to roll off. The banks offer good dividend yields that she expects to hold. The banks entered the pandemic with strong capital and continued to strengthen it. She also own RY. Like this and TD. She'd buy both presently.

TOP PICK
TOP PICK
September 14, 2020
It has one of the best retail franchises in North America. They have done a very good job of executing. They are well capitalized. They have lots of capital. It may take a couple of quarters and then it will out perform. (Analysts’ price target is $67.50)
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Toronto Dominion (TD-T)
September 14, 2020
It has one of the best retail franchises in North America. They have done a very good job of executing. They are well capitalized. They have lots of capital. It may take a couple of quarters and then it will out perform. (Analysts’ price target is $67.50)
COMMENT
COMMENT
September 11, 2020
Earnings expectations for the quarter is $1.19 which is a decline of 25% year over year. The banks have reported okay earnings in the recent quarters but there is uncertainty on mortgage default, lending to commercial real estate companies, etc. Overall, estimates have not been shaved a lot. The PE is reasonable based on 2020 earnings.
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Toronto Dominion (TD-T)
September 11, 2020
Earnings expectations for the quarter is $1.19 which is a decline of 25% year over year. The banks have reported okay earnings in the recent quarters but there is uncertainty on mortgage default, lending to commercial real estate companies, etc. Overall, estimates have not been shaved a lot. The PE is reasonable based on 2020 earnings.
COMMENT
COMMENT
August 25, 2020
Generally, the Canadian banks will get loan loss provisions. This quarter won't be as bad as the last, but the next one will be telling when all the car- and mortgage-loan forgiveness comes off the books, when we find out if people can afford homes or not. The banks are issuing more debt that pay 4.5% still have issues with car loans and mortgages.
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Toronto Dominion (TD-T)
August 25, 2020
Generally, the Canadian banks will get loan loss provisions. This quarter won't be as bad as the last, but the next one will be telling when all the car- and mortgage-loan forgiveness comes off the books, when we find out if people can afford homes or not. The banks are issuing more debt that pay 4.5% still have issues with car loans and mortgages.
COMMENT
COMMENT
August 24, 2020

BNS and TD have performed the best during his career. TD is well-managed and it expanded to the US at a good time, but loan opportunities in the US are not good. BNS has invested heavily in Latin America, and moving into digital banking with Tangerine. Latin American can offer upside, but is also risky. The overall bank industry faces concerns over loan losses during COVID--we'll see what happens. Markets will tend to fear over these losses, which he feels is overdone. This week, we'll see the data.

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Toronto Dominion (TD-T)
August 24, 2020

BNS and TD have performed the best during his career. TD is well-managed and it expanded to the US at a good time, but loan opportunities in the US are not good. BNS has invested heavily in Latin America, and moving into digital banking with Tangerine. Latin American can offer upside, but is also risky. The overall bank industry faces concerns over loan losses during COVID--we'll see what happens. Markets will tend to fear over these losses, which he feels is overdone. This week, we'll see the data.

BUY WEAKNESS
BUY WEAKNESS
July 29, 2020
It could be a good time to accumulate around these levels. They have probably passed their highest credit losses now. Government support is also important and losses were not as high as expected. They have good capital and the dividend is here to stay and is safe. Interest rates support a good performance in the years to come.
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It could be a good time to accumulate around these levels. They have probably passed their highest credit losses now. Government support is also important and losses were not as high as expected. They have good capital and the dividend is here to stay and is safe. Interest rates support a good performance in the years to come.
WEAK BUY
WEAK BUY
July 27, 2020

Tech and high-dividend payers are the most crowded parts of the market. Since the late-March bottom, any high-dividend payers has undeperformed. Utilities are really underperforming (but pay a yield) as are the banks. Where to go from here? This is a generational low in yields, which will, in coming years, will work their way higher. So pick your spots now: banks, like BAC and TD. There's near-term risk if COVID news doesn't get better which will increase insolvencies. He doesn't love the banks now, but he would pick TD.

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Tech and high-dividend payers are the most crowded parts of the market. Since the late-March bottom, any high-dividend payers has undeperformed. Utilities are really underperforming (but pay a yield) as are the banks. Where to go from here? This is a generational low in yields, which will, in coming years, will work their way higher. So pick your spots now: banks, like BAC and TD. There's near-term risk if COVID news doesn't get better which will increase insolvencies. He doesn't love the banks now, but he would pick TD.

BUY
BUY
July 8, 2020

Canadian bank for dividends? For a 10-15 year time horizon, the Canadian banks are a pocket of value. They are trading less than 10 times forward earnings, which already include loan loss provisions. They have high asset qualities. Buying here is a winning formula for the long term. The dividend will pay you to wait for the market to return to normal post-pandemic. TD, RY and BNS happen to be the ones he favors for his clients. They have exposure to international markets. BNS has the best valuation and the dividend yield is better than its peers.

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Canadian bank for dividends? For a 10-15 year time horizon, the Canadian banks are a pocket of value. They are trading less than 10 times forward earnings, which already include loan loss provisions. They have high asset qualities. Buying here is a winning formula for the long term. The dividend will pay you to wait for the market to return to normal post-pandemic. TD, RY and BNS happen to be the ones he favors for his clients. They have exposure to international markets. BNS has the best valuation and the dividend yield is better than its peers.

PAST TOP PICK
PAST TOP PICK
July 7, 2020
(A Top Pick Jul 11/19, Down 18%) Loan loss provisions shadow the banking sector, not to mention very low interest rates. But their assets will produce steady revenues and returns long term. Their US operations in banking and the Ameritrade deal are positives.
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(A Top Pick Jul 11/19, Down 18%) Loan loss provisions shadow the banking sector, not to mention very low interest rates. But their assets will produce steady revenues and returns long term. Their US operations in banking and the Ameritrade deal are positives.
TOP PICK
TOP PICK
July 7, 2020

It's a dominant player in Canadian commercial and personal banking. It has large, growing presence in banking along the US east coast that they will expand. TD has been consolidating US regional banks and will likely continue. The TD Ameritrade merger with Charles Schwab is pending but will create an online trading powerhouse that TD will have a stake in. TD has a strong wealth management business in Canada. Overall, the company is balanced and consistently grows their earnings 7% compounded in the past decade and grows their dividend. The Canadian bank oligopoly has outperformed the TSX in the last 19 of 25 years. (Analysts’ price target is $62.83)

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It's a dominant player in Canadian commercial and personal banking. It has large, growing presence in banking along the US east coast that they will expand. TD has been consolidating US regional banks and will likely continue. The TD Ameritrade merger with Charles Schwab is pending but will create an online trading powerhouse that TD will have a stake in. TD has a strong wealth management business in Canada. Overall, the company is balanced and consistently grows their earnings 7% compounded in the past decade and grows their dividend. The Canadian bank oligopoly has outperformed the TSX in the last 19 of 25 years. (Analysts’ price target is $62.83)

WATCH
WATCH
July 2, 2020
He has been watching the banks. He has a small holding in the banks. He thinks they have a bit of acceleration in them ahead. Helping out people in a negative situation really hurts the banks. If we saw an uptick in interest rates this would be good for the banks. The entire sector is on his radar screen. The yields are fantastic.
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He has been watching the banks. He has a small holding in the banks. He thinks they have a bit of acceleration in them ahead. Helping out people in a negative situation really hurts the banks. If we saw an uptick in interest rates this would be good for the banks. The entire sector is on his radar screen. The yields are fantastic.
PAST TOP PICK
PAST TOP PICK
June 24, 2020
(A Top Pick Jun 11/19, Down 16%) She continues to hold it and the yield is about 5%. They have increased loan loss provisions by about 4 times the same amount a year ago. She thinks TD was conservative on the provisions and hopes that will be the high water mark. They have maintained their dividend and will likely keep it flat to protect the payout ratio, which has risen to 65% from normal targets of around 45%. She thinks the dividend will be sustainable for now. It is trading near 1.2 times book value -- near historic lows.
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(A Top Pick Jun 11/19, Down 16%) She continues to hold it and the yield is about 5%. They have increased loan loss provisions by about 4 times the same amount a year ago. She thinks TD was conservative on the provisions and hopes that will be the high water mark. They have maintained their dividend and will likely keep it flat to protect the payout ratio, which has risen to 65% from normal targets of around 45%. She thinks the dividend will be sustainable for now. It is trading near 1.2 times book value -- near historic lows.
BUY
BUY
June 11, 2020
It is hard to know which is the better of the top three banks, all of which he owns. Most of their branches have re-opened. They were able to operate remarkably effectively even with most of their branches closed. He thinks the recession has given them an opportunity to further consolidate in the US. He thinks they are provisioned for credit losses adequately. Their discount broker platform is merging with a behemoth and will spit off about 800 Million in cost synergies when it is completed. TD-T is depressed right now and this is when you buy it.
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It is hard to know which is the better of the top three banks, all of which he owns. Most of their branches have re-opened. They were able to operate remarkably effectively even with most of their branches closed. He thinks the recession has given them an opportunity to further consolidate in the US. He thinks they are provisioned for credit losses adequately. Their discount broker platform is merging with a behemoth and will spit off about 800 Million in cost synergies when it is completed. TD-T is depressed right now and this is when you buy it.
HOLD
HOLD
May 4, 2020

Canadian Banks including TD-T and RY-T. He wishes we had earnings out of the banks because we are flying blind. It is hard to see anything positive out of then. The stocks have fallen a lot. His preferred is NA-T. It is hard to be materially bullish on the Banks unless you are a long term investor. He would not add more to positions, just hold.

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Canadian Banks including TD-T and RY-T. He wishes we had earnings out of the banks because we are flying blind. It is hard to see anything positive out of then. The stocks have fallen a lot. His preferred is NA-T. It is hard to be materially bullish on the Banks unless you are a long term investor. He would not add more to positions, just hold.

Showing 1 to 15 of 1,859 entries

Toronto Dominion(TD-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 53

Neutral - Hold Signals / Votes : 12

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 68

Stockchase rating for Toronto Dominion is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 68 stock analysts published opinions about TD-T. 53 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. 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 Brett Girard, CPA, CA, CFA on 2020-09-16. 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?

68 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 2020-09-29, Toronto Dominion (TD-T) stock closed at a price of $61.57.