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Choppy session before tariffsThis Week’s Stock Picks & BNN Top Picks Summary: AMZN-Q, CB-N and 23 Stock and 1 ETF Top Picks (Mar 21-27)Tariff reports lift stocks
Investor Insights

This summary was created by AI, based on 95 opinions in the last 12 months.

Toronto Dominion (TD) is currently navigating significant challenges, including a $3 billion fine related to money laundering and restrictions on its U.S. growth, leading many analysts to express caution. Despite these issues, TD is recognized as a strong player in the Canadian banking sector, with a solid balance sheet and a robust dividend yield. While some experts see a potential for recovery, particularly in its Canadian operations, the consensus is that TD will remain in the 'penalty box' for some time as it addresses regulatory scrutiny. Analysts highlight that the stock is trading at a discount to its peers, making it an attractive option for long-term investors focused on income rather than growth. Overall, while there are many uncertainties, the sentiment suggests a mix of cautious optimism for eventual rebounds in both profitability and stock valuation once the regulatory clouds clear.

Consensus
Cautious
Valuation
Undervalued
WEAK BUY

Issues in US last year, and growth is probably capped there. Strong Canadian branch presence with consistent earnings and growth. Still have to see new management performance. Increased costs due to compliance and risk assessment procedures. Stock's done well, still some room to go.

HOLD

Held up fairly well all things considered, as money's rotated out of large-cap financials. Support is around $74 with the December retest. Bumping up against resistance close to $86. That's the range, and we're waiting to see if it goes through. Financials have started to struggle, so this could go either way.

BUY

Turned the page on money-laundering fine, but the fix won't be overnight. Likes the excess capital on the books. Applauds its plans for share buybacks, focus on capital markets, and strengthening its Canadian franchise. #1 discount brokerage platform in Canada.

Unspecified

It has had a good jump from last fall and the upside now is pretty gradual with the earnings upside in the last quarter being pretty flat. It is upgrading what they have and re-investing into higher yield products for better portfolios. Upside could start next October close to the fiscal year end.

HOLD

Just moved up off the bottom of a very long-term channel. Long way to go to get back to usual high. Still under both Canadian and US regulatory scrutiny. Very well run, aside from a nasty US stumble. Quality and value will come through.

DON'T BUY

Issues with money laundering. Stock price has started to recover, but yet to regain its lustre. He'd rather own the best-quality banks, which are RY and NA.

BUY

Canadian personal and commercial businesses are excellent and dominant. US business is a fixer-upper, and they will. Wholesale business is subject to the vagaries of the capital markets. Wealth management is quite good. Watch DIY investing, as it seems to be doubling down on growth aspirations. Liked the Schwab sale; using proceeds to buy back shares. Dark clouds are finally parting.

COMMENT

Beat today, strong capital markets, strong trading especially in the US. Shrinking balance sheet to comply with US regulators. Earnings estimates for all banks have come up a lot. All banks will go higher if no tariffs and our economy stays good, though TD will probably participate least. In the penalty box.

If tariffs go on and stay on, credit loss provisions will go up quite a bit. Only buy if you feel tariffs aren't going to happen.

Unspecified

The issue was in the U.S. resulting in a big fine but that is now out of the way. TD now has an opportunity to get rid of businesses not giving a good rate of return and an opportunity to do a better job than other banks. It has more exposure to the retail side. Also volatility helps investment banking. TD is under the microscope.

HOLD

With the money laundering scandal, she trimmed. Still has US operations, so will benefit from capital markets activity. Can focus on its Canadian operations. Kept it because of its very attractive valuation and yield. Can still grow in other areas; US retail represents only 25% of earnings. Very strong balance sheet, can use it to buy back stock.

BUY ON WEAKNESS
Add more now, or wait?

He'd lean towards adding near term. Stock's beaten up, has rallied off lows. Cheapest valuation of all Canadian banks. Less exposed to US tariff risk, as it has a big US presence. Leadership change, Schwab sale, share buybacks.

TOP PICK

Canada has 6 banks and the US has 9,000. TD should have taken warnings from the US regulator more seriously, before the regulators clobbered them with that penalty. TD should have changed their board and CEO faster and sooner; the market was upset with the lack of action and punished shares. Buying TD now at a discount and with the 3.5% dividend it pays is a bargain.

(Analysts’ price target is $87.44)
PAST TOP PICK
(A Top Pick Feb 13/24, Up 14%)

Keep holding - there have been sweeping changes to the board with good potential. It sold its stake in Schwab for $10 billion so it is well capitalized now. It is trading at 10 1/2 earnings which is better than the other banks. TD had under-performed and if catching up to its peers that would give 10% upside as well as the dividend.

TOP PICK

This is his choice for those looking for income. Used to trade at a premium, but now trades at 10-11x PE, an absolute discount to peers. Really good balance sheet, and shareholders will benefit. Schwab sale should net ~$20B, and most of that will be for share buybacks. Business won't grow, but EPS has really good growth potential. 

Collect the dividend for 3-5 years while you wait for a multiple re-rating. That'll give income-seeking investors a better total return. Yield is 4.9%.

(Analysts’ price target is $85.81)
BUY ON WEAKNESS

Is a lower-volatility stock, so options are less expensive than others. Also, call premiums will be weighed down by the dividend. Wait for a pullback before entering and selling a put. 

Showing 1 to 15 of 2,136 entries

Toronto Dominion(TD-T) Rating

Ranking : 5 out of 5

Star iconStar iconStar iconStar iconStar icon

Bullish - Buy Signals / Votes : 10

Neutral - Hold Signals / Votes : 10

Bearish - Sell Signals / Votes : 10

Total Signals / Votes : 30

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, 30 stock analysts published opinions about TD-T. 10 analysts recommended to BUY the stock. 10 analysts recommended to SELL the stock. The latest stock analyst recommendation is . 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 on . 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?

30 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 2025-04-03, Toronto Dominion (TD-T) stock closed at a price of $82.64.