The Toronto-Dominion Bank

TD: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Toronto-Dominion: Raising Fair Value Estimate to CAD 115/USD 84; Shares Still Overvalued

Maoyuan Chen

Dec 19, 2025

Toronto-Dominion's wholesale banking segment delivered strong performance in fiscal 2025, driven primarily by strong results from its trading business.

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The Toronto-Dominion Bank

Toronto-Dominion: Raising Fair Value Estimate to CAD 115/USD 84; Shares Still Overvalued

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