Live Report · Updated January 26, 2026

Santander vs TD

This page compares Santander and TD, analysing business models, financial performance, and market context in clear, accessible terms. It presents neutral information to help readers understand how each bank operates and the environment in which they compete, without advocating a choice. Educational content, not financial advice.

This page compares Santander and TD, analysing business models, financial performance, and market context in clear, accessible terms. It presents neutral information to help readers understand how eac...

Comparison Snapshot

Key Financial Metrics

SAN

Metric

TD

$185.08B

Market Cap

$159.22B

-16.43%

Potential Profit

-37.71%

Hold

Analyst Rating

Buy

Why It's Moving

Banco Santander surges to 52-week high amid revenue strength and analyst scrutiny.

Revenue crushed expectations at $26.22 billion versus $15.32 billion forecast, highlighting strong net interest income and a healthy 17.9% net margin.
Hit intraday 52-week high of $12.34 with elevated trading volume, reflecting market enthusiasm for 11.68% return on equity.
Analysts split with Hold consensus after downgrades from DZ Bank, Barclays, and UBS, tempering optimism on near-term upside.

Sentiment:

🐃Bullish

TD Bank Secures Green Light for $7 Billion Share Buyback, Signaling Strong Capital Confidence

Fresh $7B buyback approval allows repurchases through January 2027 or until limits hit, following completion of previous $8B program at $99.74 average price per share.
Automatic share purchase plan with TD Securities to handle buys during blackout periods, ensuring flexible execution.
Concurrent redemption of $1.25B 4.859% NVCC medium-term notes due 2031, optimizing capital structure without market disruption.

Sentiment:

🐃Bullish

Banco Santander surges to 52-week high amid revenue strength and analyst scrutiny.

Revenue crushed expectations at $26.22 billion versus $15.32 billion forecast, highlighting strong net interest income and a healthy 17.9% net margin.
Hit intraday 52-week high of $12.34 with elevated trading volume, reflecting market enthusiasm for 11.68% return on equity.
Analysts split with Hold consensus after downgrades from DZ Bank, Barclays, and UBS, tempering optimism on near-term upside.

Sentiment:

🐃Bullish

TD Bank Secures Green Light for $7 Billion Share Buyback, Signaling Strong Capital Confidence

Fresh $7B buyback approval allows repurchases through January 2027 or until limits hit, following completion of previous $8B program at $99.74 average price per share.
Automatic share purchase plan with TD Securities to handle buys during blackout periods, ensuring flexible execution.
Concurrent redemption of $1.25B 4.859% NVCC medium-term notes due 2031, optimizing capital structure without market disruption.

Sentiment:

🐃Bullish

Investment Analysis

Santander

SAN

Pros

Santander delivered record net profit in 2025, with nearly €10.3 billion in nine months, up 11% year-on-year and fuelled by revenue growth and improved efficiency.
The bank’s valuation multiples, including a sub-sector-average P/E ratio and modest price/book, suggest potential relative value compared to some large global peers.
Santander continues to expand its digital transformation and customer base, growing by seven million customers year-on-year through September 2025.

Considerations

Recent technical forecasts indicate a potential double-digit share price decline by year-end amid broader Brexit-related economic uncertainty and weaker European banking sentiment.
Santander faces ongoing regulatory and legal scrutiny, including a high-profile investigation of a former executive in Brazil, adding to operational risk.
The bank has significant exposure to emerging markets, particularly Latin America, introducing currency and political risks not faced by more regionally focused peers.

TD

Pros

Toronto-Dominion Bank benefits from a highly stable Canadian banking market and a growing US retail presence, offering geographic diversification and revenue resilience.
TD maintains a strong capital position and conservative risk profile, reflected in its consistent dividend payments and low-volatility earnings history.
The bank’s digital banking initiatives and customer service have helped it maintain a sticky retail deposit base and cross-sell opportunities in North America.

Considerations

TD’s significant US exposure increases sensitivity to potential US economic slowdowns, interest rate volatility, and regulatory changes impacting cross-border operations.
The bank’s growth prospects are tempered by a mature Canadian market and intensifying competition from both traditional and fintech lenders across North America.
Recent sector-wide headwinds, including pressure on net interest margins and rising loan loss provisions, may weigh on TD’s near-term profitability compared to prior cycles.

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