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Stocks sink for the day and weekThis Week’s Stock Picks & BNN Top Picks Summary: IBKR-Q, TOI-X and 21 Stock and 3 ETF Top Picks (Apr 05-11)Stocks slide on hot U.S. inflation, BOC holdsThis 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.
TD and BNS are the main ones in client portfolios. Both are more on the value side. Looking to the next 3-5 years, both have reasonable earnings growth and potential for multiple expansion.
Very defined down trend. Not good for investors. In comparison to Royal Bank or National Bank - not performing well. Would recommend other names in Canadian banking sector. Range bound stock with weakness.
Tough time. Issues on US side with compliance. Transition period, some restructuring needed. First Horizons deal fell apart. Well capitalized. Needs to cut cost structure (layoffs), but it's hard to do.
Has owned this for a long time but won't sell because of the big capital gain. Shares have gone nowhere for a few years. Are concerns for the anti-laundering penalty in the US but TD is one of the best-capitalized banks in Canada. He can't believe TD's CEO is still around after failing to buy First Horizon Bank last year; he should be replaced. Prefers National and Royal. TD has lost its mojo.
Although Canadian banks are good for long term portfolio holdings there is a problem with TD since it has gone into the U.S. where it is just too competitive. TD is more like a regional bank there. Its numbers are fine but not fantastic. He switched to National Bank.
Both are the right ones to look at. Slight preference at the moment is towards TD on valuation. Bit more negative sentiment on TD due to regulatory scrutiny. Typical cycle of what happens to all the large banks, but no skeletons lurking. Both are buys today. Valuations are fairly attractive. Outlook for dividend growth isn't as strong given current environment, but still good dividend vehicles.
They face regulatory challenges in the U.S. over money-laundering allegations. TD is spending on compliance and regulatory in response. A year from now, these expenses will be behind them and the stock will catch up to its peers.
(Analysts’ price target is $88.30)BCE beat, raised dividend, but free cashflow problems and layoffs. Dividend is really good. Will probably go to $48 before all is said and done. When there's bad news, stocks take a while to fully bleed out. Doesn't mean there isn't good value here from a dividend point of view.
For TD, banks are a tougher story due to capital ratios and inability to grow. Best balance sheet, due to failed takeover bid in US. Between the two, he'd pick this one right now. But instead of a bank, look to MFC or SLF.
It's been rangebound the past year. He owns it for income and potential growth, like this sector. Continues to be confident in TD, given its large position in Canadian personal and commercial, large US presence, capital markets, and wealth management business. Headwind continues to be the overhang of anti-money laundering regulations in the U.S. which hurt their attempted takeover of First Horizon Bank last year. Near-term they will continue to grow organically and buyback lots of shares and remediate with U.S. regulators. TD has the most excess capital among Canadian banks. They need to right their ship in the U.S., perhaps change executives. It will eventually return to its premium valuation.
Very bullish on Canadian banks in general. Canadian regulators don't care if TD makes more US acquisitions, as long as capital ratios remain in line. US regulators care, however. Widespread regulatory crackdown on money laundering will result in a fine, insignificant in the grand scheme.
Canadian banks have underperformed for 2 years in a row, which is very strange. Will probably be fined for money laundering issue. Lots of cash on hand. 10x earnings, 4.75% yield, paid to hold the stock. Should be able to beat expectations over the next year.
It has had a rough go related to money laundering. It is well run but a laggard in the space and he wants to see a better technical picture which means more people are interested in it. It is better to look at something else - he owns National Bank and Royal Bank. He is not value focused and wants to see the tech picture to line up with the fundamentals picture.
His third favourite of the 5 big banks, solid bronze medalist.
He owns RY and TD in the space. More stable and diversified than the others.
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
In the last year, 48 stock analysts published opinions about TD-T. 41 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Toronto Dominion.
Toronto Dominion was recommended as a Top Pick by on . Read the latest stock experts ratings for Toronto Dominion.
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.
48 stock analysts on Stockchase covered Toronto Dominion In the last year. It is a trending stock that is worth watching.
On 2024-04-19, Toronto Dominion (TD-T) stock closed at a price of $79.86.
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.