HDFC Bank vs TD

This page compares HDFC Bank Ltd. and TD (Toronto-Dominion Bank) to illuminate their business models, financial performance, and market context. It presents neutral, accessible information to help readers understand how each institution operates, what drives its strategy, and where it fits in the wider banking landscape. Educational content, not financial advice.

This page compares HDFC Bank Ltd. and TD (Toronto-Dominion Bank) to illuminate their business models, financial performance, and market context. It presents neutral, accessible information to help rea...

Comparison Snapshot

Key Financial Metrics

HDB

Metric

TD

$153.97B

Market Cap

$159.22B

35.40%

Potential Profit

-37.71%

Strong Buy

Analyst Rating

Buy

Why It's Moving

HDFC Bank Earnings Crush Expectations, Sparking Institutional Buying Frenzy

EPS of $0.44 beat consensus by 22%, highlighting stronger-than-anticipated profitability amid expanding loan books.
Revenue exploded to $8.08B, over 60% above estimates, reflecting surging deposit growth and operational efficiencies.
Allspring Global Investments hiked its stake by 47% to over 2.2M shares, while GAM Holding doubled down, amplifying bullish institutional flows.

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

HDFC Bank Earnings Crush Expectations, Sparking Institutional Buying Frenzy

EPS of $0.44 beat consensus by 22%, highlighting stronger-than-anticipated profitability amid expanding loan books.
Revenue exploded to $8.08B, over 60% above estimates, reflecting surging deposit growth and operational efficiencies.
Allspring Global Investments hiked its stake by 47% to over 2.2M shares, while GAM Holding doubled down, amplifying bullish institutional flows.

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

HDFC Bank

HDB

Pros

HDFC Bank reported a 9.3% year-over-year growth in net profit for Q2 FY 2025-26, demonstrating profitability resilience.
The bank maintains a strong capital adequacy ratio of 17.65%, indicating robust financial strength and risk absorption capacity.
HDFC Bank consistently generates stable net interest income with a slight QoQ increase, highlighting core earnings stability.

Considerations

HDFC Bank experienced a 10.9% quarter-on-quarter decline in consolidated revenues in Q2 FY 2025-26, pointing to potential near-term revenue pressure.
Earnings per share fell significantly by 39.8% quarter-on-quarter and 45.4% year-over-year in the latest quarter, reflecting earnings volatility.
Provisions and contingencies spiked notably in the previous quarter, suggesting elevated credit risk or volatility in asset quality.

TD

Pros

Toronto-Dominion Bank (TD) has a diversified North American footprint supporting steady earnings and stable market positioning.
TD is well-capitalised with a strong balance sheet and maintains consistent dividend payouts, appealing to income-focused investors.
The bank benefits from exposure to growth in retail banking and wealth management segments across Canadian and U.S. markets.

Considerations

TD’s earnings are sensitive to fluctuations in interest rates and credit conditions in the economic markets it operates.
Regulatory changes in banking sectors in Canada and the U.S. can impose compliance costs and restrict operational flexibility for TD.
Macroeconomic uncertainties, including geopolitical and inflation risks, present potential headwinds to TD’s loan growth and asset quality.

Related Market Insights

Banking On Shareholder Returns: The Capital Return Revolution

Discover how major banks like BofA, Citi, and USB are boosting shareholder returns via buybacks & dividends. Invest in this capital return revolution with Nemo.

Aimee Silverwood | Financial Analyst

July 24, 2025

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Related Market Insights

Banking On Shareholder Returns: The Capital Return Revolution

Discover how major banks like BofA, Citi, and USB are boosting shareholder returns via buybacks & dividends. Invest in this capital return revolution with Nemo.

Aimee Silverwood | Financial Analyst

July 24, 2025

Read Insight

About The Companies

HDFC Bank (HDB)

HDFC Bank Ltd is one of India’s largest private-sector banks, offering retail, corporate and treasury services across deposits, loans, payments and fee-based businesses. With a market capitalisation around $175.9 billion (HDB), it combines an extensive branch network and growing digital channels to support consumer lending, mortgages, credit cards and corporate banking. Investors should note the bank’s track record of steady loan growth, generally healthy margins and comparatively conservative provisioning, but earnings remain sensitive to credit cycles, interest-rate shifts and regulatory change. Key strengths include a strong brand, scale advantages in low-cost deposits and broad fee income; primary risks are asset-quality deterioration, intensified competition (including fintechs), and macroeconomic or policy shocks. Valuation and returns have historically reflected franchise quality, yet past performance is no guarantee of future results. This information is educational only and not personal financial advice; suitability depends on individual circumstances.

TD (TD)

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.

HDFC Bank (HDB) Next Earnings Date

HDFC Bank Ltd (HDB) is estimated to report its next earnings on January 17 or 28, 2026, covering the Q3 2026 fiscal quarter (October-December 2025). This estimate aligns with the company's historical pattern of mid-to-late January releases for third-quarter results, following the prior Q2 25/26 report on October 18, 2025. Investors should monitor official announcements, as the exact date remains unconfirmed.

TD (TD) Next Earnings Date

Toronto-Dominion Bank's next earnings date is expected on Thursday, February 26, 2026, prior to market open. This release will cover the Q1 2026 fiscal quarter, following the pattern of late-February reporting observed in prior years. Investor focus will center on revenue and EPS estimates around C$13.87 billion and C$1.95, respectively.

HDFC Bank (HDB) Next Earnings Date

HDFC Bank Ltd (HDB) is estimated to report its next earnings on January 17 or 28, 2026, covering the Q3 2026 fiscal quarter (October-December 2025). This estimate aligns with the company's historical pattern of mid-to-late January releases for third-quarter results, following the prior Q2 25/26 report on October 18, 2025. Investors should monitor official announcements, as the exact date remains unconfirmed.

TD (TD) Next Earnings Date

Toronto-Dominion Bank's next earnings date is expected on Thursday, February 26, 2026, prior to market open. This release will cover the Q1 2026 fiscal quarter, following the pattern of late-February reporting observed in prior years. Investor focus will center on revenue and EPS estimates around C$13.87 billion and C$1.95, respectively.

Which Baskets Do They Appear In?

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

Explore Basket

Which Baskets Do They Appear In?

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

Explore Basket

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HDFC Bank vs TD

Comparison Snapshot

Why It's Moving

HDFC Bank Earnings Crush Expectations, Sparking Institutional Buying Frenzy

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

HDFC Bank Earnings Crush Expectations, Sparking Institutional Buying Frenzy

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