Toronto-Dominion Bank Faces Regulatory Scrutiny
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 20 2026
0mins
Should l Buy TD?
Source: NASDAQ.COM
- Internal Control Issues: Toronto-Dominion Bank is under scrutiny from U.S. regulators due to weak internal controls related to money laundering, resulting in an asset cap on its U.S. operations imposed in late 2024, which severely limits its growth potential.
- Investment in Technology: The bank is increasing investments in technology and personnel to demonstrate that its money laundering control issues have been resolved, and the success of this initiative will directly impact its future business expansion.
- Asset Cap Removal: Once TD Bank improves its internal controls sufficiently to lift the asset cap, it is expected to boost investor enthusiasm, as this will unlock a vital growth engine that is currently inactive.
- Acquisition Plans Stalled: The internal control issues forced the bank to cancel acquisition plans, and finding a suitable U.S. bank for acquisition will be a complex and time-consuming process; however, once a merger is announced, it will signify TD Bank's return to growth.
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Analyst Views on TD
Wall Street analysts forecast TD stock price to fall
11 Analyst Rating
6 Buy
4 Hold
1 Sell
Moderate Buy
Current: 97.720
Low
84.94
Averages
92.14
High
96.46
Current: 97.720
Low
84.94
Averages
92.14
High
96.46
About TD
The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank, along with subsidiaries, operates across four main business segments: Canadian Personal and Commercial Banking, the United States (U.S.) Retail, Wealth Management and Insurance, and Wholesale Banking. The Canadian Personal and Commercial Banking, which includes TD Canada Trust and TD Auto Finance Canada. The U.S. Retail segment includes TD Bank, a Convenient Bank, TD Auto Finance U.S., and TD Wealth (U.S.). The Wealth Management and Insurance segment includes TD Wealth (Canada), TD Direct Investing, and TD Insurance. The Wholesale Banking segment includes TD Securities and TD Cowen. The Bank offers a wide range of products and services, including banking accounts, financing, investment solutions, cash management (information, consolidation and reporting, payables, and receivables), U.S. banking services, global services, business credit life insurance, wealth advisory services and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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