Toronto Dominion Bank (NYSE:TD) Issues Quarterly Earnings Results

Toronto Dominion Bank (NYSE:TD) (TSE:TD) released its earnings results on Thursday. The bank reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13, Zacks reports. The firm had revenue of $11.01 billion during the quarter, compared to the consensus estimate of $10.43 billion. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.28%. Toronto Dominion Bank’s revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.02 earnings per share.

Here are the key takeaways from Toronto Dominion Bank’s conference call:

• Record quarter — TD reported Q1 record earnings of CAD 4.2 billion and EPS of CAD 2.44, driving ROE to about 14.2% and broad revenue growth across businesses.
• Capital returns and position — the bank completed an $8B buyback, launched a new $7B program (≈84M shares repurchased across both), and remains on a path to manage toward a 13% CET1 by H2 FY2027 while emphasizing consistent excess-capital returns.
• Credit pick-up in wholesale and U.S. commercial — impaired PCLs rose driven by a small number of borrowers (more than half of the increase from a single wholesale borrower), though management says overall PCLs remain within the guided 40–50 bps range.
• Cost and productivity program — restructuring charges this quarter totaled CAD 200M (CAD 886M cumulative) with expected annualized pre-tax savings of CAD 775M and a medium-term cost-takeout target of CAD 2.2–2.5B, supported by scaled AI initiatives targeting CAD 1B of value.
• U.S. Banking momentum and Nordstrom conversion — U.S. proprietary card balances grew ~15% YoY and the Nordstrom card conversion completed (scales the card franchise), but TD expects a Q2 receivable accounting adjustment of about $145M and is reclassifying certain tax-related items to improve U.S. efficiency metrics.

Toronto Dominion Bank Stock Performance

Toronto Dominion Bank stock traded down $1.47 during mid-day trading on Friday, reaching $97.31. The company’s stock had a trading volume of 3,482,584 shares, compared to its average volume of 2,498,737. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a twelve month low of $54.87 and a twelve month high of $99.84. The business has a 50 day moving average price of $95.09 and a 200-day moving average price of $85.55. The firm has a market cap of $162.63 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 1.32 and a beta of 0.67.

Toronto Dominion Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be paid a dividend of $1.08 per share. The ex-dividend date is Thursday, April 9th. This represents a $4.32 annualized dividend and a yield of 4.4%. Toronto Dominion Bank’s dividend payout ratio (DPR) is 34.70%.

Toronto Dominion Bank News Roundup

Here are the key news stories impacting Toronto Dominion Bank this week:

• Positive Sentiment: Record Q1 results and beats — TD reported adjusted Q1 earnings that topped estimates and revenue grew ~18%, driven by Canadian P&C and wholesale fee growth; this is the primary bullish catalyst. The Toronto‑Dominion Bank (TD) Q1 2026 Earnings Call Highlights: Record Earnings and Strategic …
• Positive Sentiment: Dividend increase/confirmation — TD declared a CA$1.08 quarterly common share dividend (payable Apr. 30), supporting income investors and reinforcing capital return credibility. TD BANK GROUP DECLARES DIVIDENDS
• Positive Sentiment: Strategic investment in AI and digital — Management highlighted scaling AI to remediate the U.S. AML program and other tech investments, which may lower future compliance costs and improve efficiency. TD Bank Scales AI to Fix AML Program
• Positive Sentiment: Momentum/valuation interest — Shares recently hit a 52‑week high and analysts/publications are re‑rating TD after robust results and strong total shareholder returns, attracting momentum flows. Toronto Dominion Bank (The) (TD) Hit a 52 Week High, Can the Run Continue?
• Neutral Sentiment: Valuation and investor takeaways — Analysts are revisiting TD’s valuation after record adjusted earnings and the new dividend; some coverage balances growth vs. price, useful for medium‑term positioning. Assessing TD Bank (TSX:TD) Valuation After Record Q1 Earnings And New Dividend
• Neutral Sentiment: Full filings/presentation available — Management released the earnings presentation and slide deck (useful for modeling segment performance and guidance). The Toronto‑Dominion Bank 2026 Q1 – Results – Earnings Call Presentation
• Negative Sentiment: GAAP EPS down year‑over‑year — While adjusted EPS beat, reported GAAP EPS were lower versus the prior year, and remediation/one‑time items remain watchpoints that could temper near‑term investor enthusiasm. Toronto Dominion Bank’s quarterly profit rises on higher interest income

Analysts Set New Price Targets

A number of research firms have weighed in on TD. Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd. Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Canadian Imperial Bank of Commerce downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, January 21st. Finally, National Bank Financial raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $93.00.

Hedge Funds Weigh In On Toronto Dominion Bank

A number of large investors have recently bought and sold shares of TD. The Manufacturers Life Insurance Company boosted its position in shares of Toronto Dominion Bank by 10.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 17,014,836 shares of the bank’s stock worth $1,606,978,000 after buying an additional 1,629,062 shares during the period. AQR Capital Management LLC raised its stake in Toronto Dominion Bank by 1,443.3% during the 4th quarter. AQR Capital Management LLC now owns 1,449,855 shares of the bank’s stock valued at $136,642,000 after acquiring an additional 1,355,907 shares in the last quarter. Bank of Nova Scotia raised its stake in Toronto Dominion Bank by 6.8% during the 4th quarter. Bank of Nova Scotia now owns 19,486,741 shares of the bank’s stock valued at $1,836,518,000 after acquiring an additional 1,234,510 shares in the last quarter. Caisse de depot et placement du Quebec boosted its position in Toronto Dominion Bank by 70.1% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 2,360,000 shares of the bank’s stock worth $188,746,000 after acquiring an additional 972,513 shares during the period. Finally, Amundi grew its stake in shares of Toronto Dominion Bank by 27.3% in the fourth quarter. Amundi now owns 3,448,492 shares of the bank’s stock worth $324,894,000 after purchasing an additional 739,679 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.