Should I buy TD Bank stock in 2025?

What is TD Bank?

How much is the TD Bank stock?

The price of TD Bank stock is rising this week. As of now, TD Bank is trading at 94.92 CAD on the Toronto Stock Exchange, representing a 0.72% increase in the past 24 hours but a 1.54% decrease over the past week. The bank holds a market capitalisation of 163.5 billion CAD, with a 3-month average daily volume of 2.03 million shares.

While recent movements show short-term fluctuations, TD Bank’s stable yield and moderate risk level make it an interesting option for investors seeking long-term value.

Our full analysis on the TD Bank stock

Having thoroughly reviewed TD Bank’s latest financials and assessed its stock trajectory over the past three years, we have applied our proprietary multi-factor algorithms, synthesising fundamental data, technical signals, market intelligence, and competitive context. The results present a compelling narrative of renewal for this Canadian banking leader. So, why might TD Bank stock once again become a strategic entry point into the North American financial sector in 2025?

Recent Performance and Market Context

TD Bank (TSE:TD / NYSE:TD) has experienced a notably positive run over the intermediate term, with its share price rising to 94.92 CAD (TSE) and 68.74 USD (NYSE) as of 30 May 2025. Over six months, the stock advanced by 19.8% (TSE) and 21.6% (NYSE), and on a 12-month basis by 26.59% and 25.76%, respectively. While short-term traders may have observed a modest weekly pullback of 1.54%, the overarching trend remains markedly bullish.

Several catalysts explain this outperformance:

• Major Strategic Transaction: TD Bank’s sale of its remaining 10.1% stake in Charles Schwab Corporation in February 2025 for approximately 21 billion CAD generated a net gain of 8.6 billion CAD. This landmark move crystallized value and significantly strengthened the bank’s capital base.
• Strong Dividend Profile: With a current yield of 4.42% (TSE), TD Bank continues to attract capital from income-seeking investors, especially as global rates equilibrate at moderately high levels.
• Stable North American Backdrop: While the broader macroeconomy faces regulatory and policy headwinds, the North American banking sector remains robust. Recent signals of economic stabilisation, resilient consumer spending, and controlled inflation all favour banks with diversified revenue streams.

In this context, TD Bank stands out not only as a leading player in Canada but also as a significant operator in the U.S. market that continues to gain operational traction.

Technical Analysis

From a technical perspective, the set-up for TD Bank is particularly constructive, despite some short-term consolidation indicators:

• Momentum Oscillators: The Relative Strength Index (RSI) sits at 77.97, registering short-term overbought conditions, while the MACD at 2.20 also flags caution for tactical traders. However, these levels are often seen in stocks that have undergone persistent upward moves, suggesting any pullback may be shallow or short-lived.
• Moving Averages: All major moving averages (5, 20, 50, 100, and 200 days) demonstrate strong bullish alignment, with the current price materially above each. The 200-day MA at 80.76 CAD provides robust longer-term support, while the 5-day MA at 93.54 CAD underscores short-term buying interest.
• Key Support and Resistance: Technically, the 92.50–93.01 CAD range marks formidable support, indicating an attractive re-entry point; immediate overhead resistance at 94.84–96.01 CAD could, if broken, affirm a continuation of the prevailing uptrend.
• Divergence: Noteworthy is the divergence between the positive stance of moving averages (trend following) and short-term momentum indicators (mean reversion)—a classic signal of consolidation before a potential renewed advance.

Investors looking for a blend of technical stability and upside potential will find TD Bank’s structure increasingly attractive, especially at or near identified support zones.

Fundamental Analysis

TD Bank’s fundamentals underpin a strong case for renewed investor interest:

• Revenue and Profitability: Q2 2025 revenue reached 22.9 billion CAD (adjusted at 15.1 billion CAD), and net profit was a robust 11.1 billion CAD (adjusted: 3.6 billion CAD). While the adjusted figure came in just below the prior year’s level, this reflects a period of portfolio transition and exceptional gains, not underlying erosion.
• Attractive Valuation: With a P/E ratio of 9.85, TD Bank is trading well below both sector average and historic norms, suggesting outperformance potential as earnings normalise. The forward-looking price target consensus at 97.20 CAD implies an approximate 30% premium to current levels.
• Capital and Efficiency: The bank’s CET1 capital ratio of 14.9% stands among the most robust in North America, providing flexibility for future growth and risk management.
• Market Position and Diversification: As the sixth-largest bank in North America by assets, TD’s revenue streams from retail banking, business banking, wealth management, and insurance hedge against sector-specific volatility.
• Innovation and Digital Investment: TD Bank continues to commit resources to digital transformation and client experience, positioning itself to capture new growth as banking distribution shifts.

In sum, the combination of profitability, conservative valuation, and clear strategic vision makes the case for TD Bank’s ongoing re-rating quite compelling.

Volume and Liquidity

Liquidity is another pillar supporting TD Bank’s investment narrative:

• Trading Volume: On the NYSE, average daily volume stands at 2.03 million shares, emphasising a high degree of liquidity and seamless market access.
• Market Capitalisation and Float: With a market cap above 163.5 billion CAD and a sizeable public float (1.72 billion shares outstanding), the stock supports dynamic price discovery, facilitating institutional and retail participation alike.
• Confidence Indicator: Sustained volume is a proxy for ongoing market attention and confidence, reinforcing price stability even in periods of elevated volatility.

For investors who value ease of entry and exit as well as price transparency, TD Bank offers a highly attractive profile.

Catalysts and Positive Outlook

Several identifiable drivers are poised to enhance TD Bank’s valuation and strategic prospects:

• Strategic Restructuring: The ongoing plan to streamline operations and reduce annual operating costs by 550–650 million CAD is expected to directly benefit margins. With a review update due in the second half of 2025, this is a material near-term catalyst.
• Deposit Growth: Q2 2025 marked the sixth consecutive quarter of deposit gains in the U.S. market—a powerful validation of TD’s cross-border strategy and platform quality.
• Capital Redeployment: The completed sale of the Schwab stake shifts TD’s balance sheet towards higher flexibility, opening the door to both organic expansion and further accretive M&A opportunities.
• ESG and Innovation: Consistent investment in digital platforms and ESG initiatives strengthens not only TD’s regulatory and reputational standing but also its long-term competitive advantage.
• Industry and Regulatory Context: The North American financial sector remains supported by regulatory clarity, growing consumer demand, and a stable rate environment—all positive tailwinds for well-capitalised, diversified leaders like TD.

Should these catalysts unfold as expected, TD Bank appears well-placed to outperform peers and market benchmarks in the coming quarters.

Investment Strategies

TD Bank’s share structure and risk/reward profile offer tactical and strategic entry options for various types of investors:

• Short-Term:
• Look for entry points around the 92.50–93.00 CAD support zone, especially if momentum indicators reset after the recent overbought readings.
• Monitor technical consolidation for signs of renewed upward momentum.
• Medium-Term:
• The anticipated update on strategic restructuring in H2 2025 is a key catalyst. Positioning ahead of this event could capture upside from positive revisions to margin and cost outlooks.
• Continual improvement in deposit trends and digital innovation should further support re-rating.
• Long-Term:
• Investors seeking stable dividends, capital appreciation, and exposure to North American growth dynamics will appreciate TD’s diversified revenues and prudent capital management.
• The historic pattern of resilient dividend payments, rising book value, and measured international expansion creates a foundation for compounding returns well beyond 2025.

TD Bank thus seems to offer an ideal entry point across multiple timeframes, depending on individual objectives and market conditions.

Is it the Right Time to Buy TD Bank?

Having examined TD Bank’s technical structure, fundamental strengths, and a clear line-of-sight to multiple positive catalysts, the opportunity appears both timely and attractive. The stock stands out for its undervalued earnings multiple, robust capital position, consistent deposit growth, and innovative strategy—traits that could drive outperformance as the sector evolves. While all investments carry risk—including TD’s ongoing compliance costs and macro uncertainties—these are well recognised and factored into current valuations.

Ultimately, TD Bank seems to represent an excellent opportunity for investors seeking a blend of stability, yield, and the potential for capital appreciation. The alignment of technical, fundamental, and strategic factors currently favours a positive outlook for the stock. For those seeking exposure to the resilient North American banking sector, TD Bank deserves renewed and serious consideration as it may be entering a new bullish phase.

As always, diligent monitoring and disciplined portfolio construction remain essential—but the present conditions suggest TD Bank could be on the cusp of another era of shareholder value creation.

How to buy TD Bank stock in IE?

Buying TD Bank shares online from Ireland is a simple and secure process when you use a regulated broker. Whether you’re interested in outright ownership through a cash (spot) purchase, or prefer the flexibility of trading contracts for difference (CFDs), modern platforms make it easy to get started. Cash buying allows you to hold the actual shares, while CFDs let you speculate on price movements with the option of leverage. Both approaches have their own advantages and costs—our broker comparison tool further down the page will help you find the best fit for your objectives.

Cash buying

A cash purchase means buying TD Bank shares directly on an exchange such as the New York Stock Exchange (NYSE), making you the legal owner of the stock. Most Irish-friendly brokers charge a fixed commission per order, typically ranging from €5 to €10, depending on the platform.

Example

If the TD Bank share price is approximately $68.74 USD, and you wish to invest $1,000 USD, you could buy about 14 shares ([$1,000 - $5 commission] ÷ $68.74 ≈ 14). If TD Bank’s share price rises by 10%, your holdings would now be worth $1,100.
Gain scenario:
A 10% increase means a +$100 gross gain, or +10% on your investment (before taxes and fees).

Trading via CFD

CFD (Contract for Difference) trading allows you to speculate on TD Bank’s share price without owning the stock itself. CFDs are available through regulated online brokers and offer the possibility of using leverage, meaning you can control a larger position with a smaller upfront investment. The main costs are the spread (the difference between buy and sell prices) and, if you hold overnight, a financing fee.

Example

With a $1,000 margin and 5x leverage, your market exposure is $5,000.
If TD Bank shares rise by 8%, your position gains 8% × 5 = 40% return.
Gain scenario:
This results in a $400 gain on your $1,000 investment (excluding spreads and overnight fees).

Final advice

Before investing, it’s crucial to compare different brokers’ commissions, spreads, and trading conditions, as these directly affect your net returns. Your choice between cash buying and CFDs should match your investment style: cash buying suits long-term investors looking for ownership and dividends, while CFDs appeal to those seeking short-term opportunities and leverage. For more details on fees and features, refer to the broker comparison found below on this page.

Our 7 tips for buying TD Bank stock

The latest news about TD Bank

TD Bank posted resilient Q2 2025 results, with strong net income and revenue growth reinforcing capital strength. The bank reported a net income of 11.1 billion CAD – significantly boosted by the gain from the Schwab stake sale – and adjusted revenues of 15.1 billion CAD. While the adjusted earnings-per-share (1.97 CAD) were slightly below the previous year’s results, TD’s robust CET1 capital ratio of 14.9% well exceeds global regulatory thresholds, underlining balance sheet stability. This is a positive signal for institutions and wealth managers in Ireland seeking exposure to safe, well-capitalized large cap banks, and sustains confidence in TD’s medium-term financial health.

TD’s ongoing restructuring is expected to deliver annual cost savings of 550-650 million CAD, supporting long-term profitability. The bank has initiated a strategic program focused on streamlining operations across North America, with implications for improved efficiency and competitive positioning. For Irish institutional investors who monitor operational excellence and cost discipline as part of their selection criteria, TD Bank’s commitment to ongoing cost rationalisation is encouraging. It also positions the bank well to respond flexibly to evolving market and regulatory contexts across its main geographies, including any future expansion or partnership within Ireland or the broader European market.

Continuous deposit growth in the US highlights TD Bank’s expanding cross-border retail franchise, relevant for globally diversified portfolios. TD has posted its sixth successive quarter of consumer deposit growth in the US market, underscoring the resilience of its retail banking model. This North American diversification enhances the group’s earnings stability, a quality sought after by pension funds and asset managers in Ireland looking for international banks with reliable cash flow and growth prospects. Given TD’s reputation and product footprint, any expansion or partnership activities in Ireland would likely be received positively, further supported by this evidence of franchise vitality.

TD Bank maintains an attractive quarterly dividend, with a solid history of stable, rising payouts that may appeal to Irish income-focused investors. With a current dividend yield of 4.42% and a longstanding policy of delivering consistent, growing distributions, TD’s record is relevant both for direct Irish shareholders on global platforms and for those holding via funds or ETFs. While Canadian withholding tax applies, the stability of the payout and the company’s ability to fund it from strong earnings and capital make the stock appealing for clients seeking steady income streams within international equity strategies.

Analyst sentiment remains moderately optimistic, with a 97.20 CAD price target and upward momentum sustained by strong technical indicators. Despite a minor weekly pullback, TD’s share has gained nearly 20% over the last six months and more than 25% year-on-year, outperforming many global peers. Moving averages across all timeframes are in a buy configuration, and the consensus price target implies additional upside. For Irish analysts following North American financials, TD’s technical and fundamental resilience—on display notwithstanding recent regulatory settlements—offers constructive evidence of the bank’s underlying quality and potential for continued strong performance.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.