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This summary was created by AI, based on 69 opinions in the last 12 months.

Based on the reviews of various experts, there is some consensus that Toronto Dominion (TD-T) has experienced challenges related to regulatory compliance and the failed First Horizon deal. However, it is considered to be a solid, well-capitalized bank with potential for growth in the US. The stock is seen as attractively priced, trading at a low PE ratio, with excess capital that can be used for future acquisitions or share buybacks. Despite concerns, there is overall confidence in the long-term potential of TD.

Consensus
Mixed
Valuation
Undervalued
PAST TOP PICK
Toronto Dominion
(A Top Pick Jun 14/23, Down 3%)

He's holding through the storm. TD is in the penalty box, but the PE is very attraction. He would add at these levels. TD can rectify its current issues; they have the highest tier-one capital of all of the Big 5 banks. They can weather any storm then buyback shares. Their performance in the US has not been super, but it is in Canada

banks
PAST TOP PICK
Toronto Dominion
(A Top Pick Jun 19/23, Down 4%)Lowest level since 2021, but not finding a floor yet?

Take the bigger picture view. TD makes $14B in profit a year. So whether the fine is $2B or $4B, it's in a position to get through this. Remember that over the last 100 years, you never went wrong buying a Big 5 Canadian bank stock that was beaten down because of trouble. They always come back with a 100% success rate. Pays you a 5.5% yield while you wait.

Even the CEO mentioned it could get worse before it gets better. Don't buy a full position now, but you could start one.

banks
BUY
Toronto Dominion
BMO vs. TD -- both down, which one to buy?

She'd pick this one right now, trades at discount of 9x forward PE. She's owned for many years as a core holding and is sticking with it until she can assess growth potential in the US. No one knows exactly what the penalty will be. An asset cap would be almost worse than a penalty. 

It is still a Canadian bank, very profitable, increasing business from immigration, and with only 1/3 of revenues from US.

banks
SELL
Toronto Dominion

Sold TD in a heartbeat the minute he caught a whiff of the money-laundering issues, as this might bar further acquisitions which would really stunt growth. He invested in BMO and RY instead. 

banks
DON'T BUY
Toronto Dominion

Banks have gone sideways for a long time, though you get your 4% yield. His goal is to do better than that. The financial services he likes the most are growing much faster than any of the Canadian banks, with dividends that aren't much below that of the banks.

Though his preferences may be deemed volatile and riskier, there's also the risk of non-performance. TD is fine, but not a lot of growth. See his Top Picks.

banks
DON'T BUY
Toronto Dominion
Given all of TD's regulatory issues

Look elsewhere. The outcome of their problems is unknown. Look what happened to Wells Fargo, which took years to recover. But we don't know the outcome yet.

banks
WAIT
Toronto Dominion

Issues such as money laundering. Will most likely remain in the penalty box for a while. It'll take a couple of quarters of good results and no headaches for the stock price to recapture where it was. Still a high-quality bank and business. Anytime there are issues, stockholders get concerned and some are going to head for the exit. Will be fine to own over the next couple of years. If you bought today, he wouldn't be surprised if price went down or sideways.

Not a huge fan of the banks right now, unless you're looking for income. Wait a month or two, and perhaps we'll see a bit of a rebound so you could make some capital growth on top of the dividend.

banks
WATCH
Toronto Dominion
Telus vs. TD

Prefers the telcos to the banks. In telcos, there's not much growth, but these stocks are undervalued. He picks Telus. TD: if there's no more bad news coming, this is probably a buy, but many investors are sitting and waiting. TD is likely undervalued to other banks, but wait 3 months to see how their overhand shakes out.

banks
WEAK BUY
Toronto Dominion

Problems not done, but mostly built in at these levels. Don't know amount of pecuniary damages. Spending $600M to enhance systems. Outlook for banks in 2024 not great, picks up in 2025. Trades at discount, nice dividend. More of a buy than a sell.

banks
PAST TOP PICK
Toronto Dominion
(A Top Pick Jun 19/23, Up 1%)

It is not doing well because of the money laundering scandal which was mostly in the New York area. 3 billion is the highest amount of penalty being considered. Other banks are in trouble too. It makes $14 billion a year in profit so he still likes it.

banks
WAIT
Toronto Dominion
Do legal troubles make this a buy, hold or sell?

Up till now, one of the best operators. This is a blemish for a year. He's concerned that regulators will want to make a point. TD took reserves but it won't be enough for the potential penalty of $2-2.5B. Remember Wells Fargo. 

Big company, makes a lot of money. Dividend not in jeopardy, but may not be increased anytime soon. May be prevented from further acquisitions. Probably no share buybacks. Plus, we could be in a credit cycle with defaults escalating. 

Have to look at valuation. He's waiting. Likes it and its capital levels. If stock pulled back a bit more, he may take a position.

banks
PAST TOP PICK
Toronto Dominion

(A Top Pick Apr 28/23, Up 4%)

The Canadian banks reflect the growing weakness of the Canadian consumer. Also, TD has issues with US regulators about money-laundering allegations. Eventually, TD will pay a fine and move on. TD is one of the top Canadian banks. Buy on weakness, but shares could be flat for 12-18 months. He likes it though.

banks
PAST TOP PICK
Toronto Dominion
(A Top Pick May 03/23, Up 3%)

Investors are most concerned with the two issues of succession planning and US regulatory scrutiny. You have to believe that TD is vetting suitable candidates for when the time comes. Money-laundering fine expected to be north of half a billion $$.

Strengthened risk management. Outsourced regulatory support. Overhang is creating buying opportunity at a cheaper multiple than peers. Remains a good, high-quality bank, second-largest in Canada. Trades at 10x, 5% yield.

banks
BUY
Toronto Dominion

You need a bank with a strong Canadian franchise with some US exposure. TD ticks these boxes, having a large US presence. It's the only Canadian bank he owns. The money-laundering overhang and investor impatience over the CEO being there for 10 years has already baked into shares. Invest in this for the next 10 years, even starting with a partial position. The TD grows 10% annually, and they continue to have a strong presence in Canada and the US.

banks
PAST TOP PICK
Toronto Dominion
(A Top Pick Apr 20/23, Down 1%)

Not used to being in the penalty box. Rumblings on succession planning. Overhang on money laundering and penalties, which hits all banks at some point. Well run, risk averse. Attractive valuation. Most excess capital of any Canadian bank, with options to acquire, buy back shares, or increase dividend.

banks
Showing 1 to 15 of 2,059 entries

Toronto Dominion(TD-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 40

Neutral - Hold Signals / Votes : 3

Bearish - Sell Signals / Votes : 7

Total Signals / Votes : 50

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, 50 stock analysts published opinions about TD-T. 40 analysts recommended to BUY the stock. 7 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?

50 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 2024-06-20, Toronto Dominion (TD-T) stock closed at a price of $74.22.