Toronto-Dominion Bank

Toronto-Dominion Bank

Toronto‑Dominion Bank (ticker: TD) is one of Canada’s largest banks, with a market capitalisation around $136.5bn. It operates a diversified franchise spanning Canadian retail and commercial banking, U.S. retail via TD Bank, wealth management, and wholesale banking. Investors typically watch TD for its steady deposit base, net interest margin sensitivity to interest rates, and stable fee income streams. The bank has a history of paying dividends, but payouts depend on earnings, capital levels and regulator guidance. Key risks include economic slowdowns, credit losses (notably in mortgages and commercial lending), interest‑rate swings, and cross‑border and currency exposure from substantial U.S. operations. As always, past performance doesn’t guarantee future results; this summary is general educational information, not personalised advice. Prospective investors should consider their objectives, risk tolerance and consult a professional before making decisions.

Why It's Moving

Toronto-Dominion Bank

TD Bank Posts Record Q1 Earnings Amid Cost-Cutting Push and Shareholder Returns

Toronto-Dominion Bank delivered strong first-quarter 2026 results with adjusted earnings of $4.2 billion, up 16% year-over-year, and announced a new $7 billion share buyback program following an $8 billion repurchase completed after divesting its Schwab stake. The bank is simultaneously executing a cost-reduction strategy that concluded with $886 million in restructuring charges and a 3% workforce reduction, expected to yield $775 million in annual savings.
Sentiment:
🐃Bullish
  • Adjusted earnings surged 16% to $4.2 billion as U.S. Banking momentum accelerated with record Bankcard digital sales and robust wealth management growth, while the bank cited margin expansion and robust trading income gains
  • Disciplined capital deployment included completing an $8 billion stock buyback and launching a new $7 billion repurchase program, plus raising the quarterly dividend to $1.08 per share, signaling management confidence in earnings power
  • Restructuring program concluded with total charges exceeding initial guidance, but the bank locked in $775 million in fully realized annual savings from workforce optimization and cost base reset, positioning for improved operating leverage going forward

When is the next earnings date for Toronto-Dominion Bank (TD)?

TD Bank Group's next earnings release is expected on May 28, 2026, covering the second quarter of fiscal 2026. This date aligns with the company's historical reporting schedule, as indicated by multiple analyst tracking sources. The earnings report will include key metrics such as earnings per share and revenue figures, which analysts currently project at $2.16 and $14.11 billion respectively for Q2 2026.

Stock Performance Snapshot

Buy

Analyst Rating

Analysts recommend buying Toronto-Dominion Bank's stock with a target price of $60.03, indicating growth potential.

Above Average

Financial Health

Toronto-Dominion Bank is performing well with strong revenue and cash flow generation.

Average

Dividend

Toronto-Dominion Bank's dividend yield of 3.26% is appealing for those seeking income from their investments. If you invested $1000 you would be paid $32.60 a year in dividends (based on the last 12 months).

Source: Analyst sentiment is provided by Refinitiv Ltd, a global leader in financial market data with over 40k business clients. Refinitiv Ltd is an independent third party to Nemo. This is not advice.

Baskets Featuring TD

Banking On Shareholder Returns

Banking On Shareholder Returns

Bank of America's new $40 billion stock buyback program highlights a broader trend of major financial institutions returning capital to shareholders. This theme identifies other large banks that may follow suit, offering similar buyback or dividend-based value.

Published: July 24, 2025

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Why You’ll Want to Watch This Stock

📈

Earnings & Margins

Net interest margin and loan growth drive earnings; margins benefit from higher rates but can be squeezed in downturns, so results can vary.

🌍

North American Footprint

Significant operations in Canada and the US provide diversification, but bring currency exposure and regulatory differences to monitor.

Dividend & Capital

TD has a long dividend track record, yet payouts depend on capital strength and regulator guidance — dividends are not guaranteed.

Compare TD with other stocks

Charles SchwabTD

Charles Schwab vs TD

Charles Schwab vs TD

HDFC BankTD

HDFC Bank vs TD

HDFC Bank vs TD: Comparison overview

BlackRockTD

BlackRock vs TD

BlackRock vs TD: A comparison

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