Toronto Dominion (TD.TO) Buy, Sell or Hold

Toronto Dominion (TD.TO)

169.33

+0.70 (0.42%)

as of Jun 19, 2026, 8:00:00 pm Market Open.

1435 watching

HOLD

Their quarterly report was among the best of the banks in late-August. It has a larger US retail business as opposed to the capital business focus of its peers. TD should benefit from higher net interest margins more than those peers, so rising interest rates will benefit TD, though they will be bad for consumer credits--more consumers may default on loans. Also, we need to see the surge in rates filter down to mortgages and business loans--wait and see on TD. He is holding his shares for now and not adding, though banks are cheaper now historically.

TOP PICK

A great value creator for years. Best Canadian bank in terms of recent Q3 results. Their US division did very well because it's very net-interest margin sensitive, so rising rates help and more than offsets credit loss provisions. Their Canadian business did very well. Their investment bank business-weak across the sector--is relatively small for TD and didn't impact overall results that badly. They are closing their deal of First Horizon Bank, a huge $600+ million of synergy that will create value. (Analysts’ price target is $99.27)

BUY

It should see better scale and a better rate of return. It bought an investment bank in the U.S. and so will see better scale on the investment banking business in the U.S. and Canada. It is at a good price level and the dividend yield is 4.1%. Canadian banks are at a good valuation with lots of capital and room to expand.

WEAK BUY

Building back a position in the banks, but not overweight. Great exposure to US, great performer. Still some concern of a recession. Yield of 4% that grows 7-8% a year is attractive.

TOP PICK

More than half their assets are in the US. Have many branches there. so, their interest rate speakrs (Analysts’ price target is $101.41)

HOLD

No problem with the price. He's not rushing to buy the banks, he's underweight. Risk to earnings growth, mainly because slowing economy and capital markets will increase loan loss provisions. Dividends are still safe. Risk of large US acquisition, bought closer to the peak. Last week's sale of Schwab and purchase of Cowen made sense. He favours BNS and CM in Canada.

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TOP PICK

Stockchase Research Editor: Michael O'Reilly As a safe, steady dividend payer TD is selected as a TOP PICK. Trading at 10x earnings and with a PEG ratio under 1.0, it is good value here. It also trades presently at under 2x book value. It continues to beat analyst earnings expectations and supports a 15% ROE. It pays a valuable dividend backed by a payout ratio of under 45% of cash flow. We recommend setting a stop loss at $68, looking to achieve $102 -- upside over 20%. Yield 4.3% (Analysts’ price target is $102.33)

BUY

A US regulatory review could stop TD's takeover of a US company TD is in Elizabeth Warren's focus, but doesn't think it's weighing too much on shares. He's a big believer in Canadian banks, which have come down a bit, though not as badly as global banks. TD remains a core holding.

TOP PICK

Great retail franchise. Trades at 10x earnings, 1.4x book, not expensive. Strong US franchise has suffered, as it's a tough business in the States. In the long run, increased scale will help. Yield is 4.32%. (Analysts’ price target is $101.26)

PAST TOP PICK

(A Top Pick Jul 07/21, Down 1%) Banks are a cornerstone of portfolios. Cater to needs, not wants. Canadian banks are dominant oligopolies. Could be vulnerable to profit losses this year. Net interest margins are compressing. Dividends are safe, likely to grow. Well capitalized. Usually market outperformers.

BUY ON WEAKNESS

Core holding, though sometimes you want more or less exposure. In an economic slowdown, as he expects this year, you want to pare back. He owns RY, TD, BMO, and BAM.A. Each has unique aspects that make for good diversification within the sector. Pullbacks provide an opportune chance to buy, put them away, and collect some income. Strong, sustainable, competitive advantages. Strong compounders over time.

PAST TOP PICK

(A Top Pick Jun 16/21, Up 7%) A core bank holding. Banks have pulled back recently but have held up well vs. the whole market and vs. US banks. The sector is well-capitalized. TD has announced it will buy First Horizon to expand TD's southern US presence and is a good use of their capital. TD has been increasing their dividend, now around 4%. TD is a long-term hold and this pullback is a buying opportunity.

TRADE

Also a question re the S&P. Markets correct taking their time and you can trade on the way down. There is technical support at the 3000 level for the S&P and at the 10 000 level for the NASDAQ.. TD is trading at the adjusted book value and there may be a setback. Banks have good long term growth but trading them is a mug's game.

BUY

Bullish on Canadian banks, attractive at 10x earnings. Exceptional upside to higher interest rates, despite pressure on loans and housing. Will face issues in a slower economy. In the meantime, Canadian economy is rolling along. Good balance sheets and attractive dividends.

BUY

Allan Tong’s Discover Picks In 2022, TD-T shares have risen from $99 to $107 by Valentine’s Day, then have plunged as low as $91 by the end of April. Since then, TD has held that level at a time when American markets at least have fallen into bear territory. I’m no technical analyst, but I wager that TD has bottomed and should return to $100 at some point. Investors can wait and collect their 3.8% dividend. TD’s PE has fallen below 12x, in line with its peers though BMO‘s and BNS‘ valuations are a touch lower around 10.5x. In fact, I could also be writing about these banks which also pay robust dividends and have historically performed well. Over the last five years, TD has rallied nearly 50% (70% in early February). Read 3 dividend stocks to fight inflation for our full analysis.

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