Argus cuts target to USD 130.00 for TD Bank stock
Published on 10/13/2026 at 17:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSArgus target and TD financial strength
- Argus lowered its TD Bank target to USD 130.00 on October 7, 2026.
- TD Bank reported CAD 4.70 billion of earnings in the third quarter of 2026.
- TD Bank stock costs EUR 104.85 at Lang & Schwarz on October 13, 2026 at 5:10 p.m. CEST, plus 1.77 percent on the TSX.
- TD Bank has scheduled its fourth-quarter 2026 conference call for December 3, 2026.
Argus lowered its price target for TD Bank stock to USD 130.00 on October 7, 2026, according to Yahoo Finance. The target is 12.95 percent above the USD 115.10 current price cited in the same report. At Lang & Schwarz, the euro quote was EUR 104.85 on October 13, 2026 at 5:10 p.m. CEST, after the Xetra close, while the TSX quote was up 1.77 percent at CAD 167.10.
Third-quarter earnings set the base
TD Bank delivered CAD 4.70 billion of record earnings in the third quarter of 2026, with record earnings per share of CAD 2.77. Revenue grew 8.00 percent year over year, according to the Yahoo Finance transcript of the August 27, 2026 earnings call.
The same call reported a 16.00 percent return on equity and a Common Equity Tier 1 ratio of 14.30 percent for the quarter. U.S. Banking earnings rose 11.00 percent year over year, while the bank said its fiscal 2026 U.S. Banking net income expectation remained CAD 2.90 billion.
TSX range leaves room below the high
TD Bank's TSX price of CAD 167.10 on October 13, 2026 stood 4.69 percent below its 52-week high of CAD 175.33 and 52.52 percent above its 52-week low of CAD 109.56. Trading volume reached 2,192,780 shares against an average of 5,250,027 shares on the same date.
The euro quote gives German investors a separate trading reference, while the Canadian figures place the bank within its home-market valuation frame. The current TSX price implies a price-to-earnings ratio of 17.86, compared with 17.45 for Royal Bank of Canada and 16.66 for Bank of Nova Scotia.
Fourth-quarter date is set
TD Bank's investor-relations calendar lists December 3, 2026, for the fourth-quarter 2026 conference call. The date gives the next formal checkpoint for the earnings trend, capital position and fiscal 2026 outlook. The bank's investor-relations page also identifies Toronto Stock Exchange and New York Stock Exchange listings.
Comparison with peers
TD Bank: plus 1.77 percent, P/E 17.86, market capitalization CAD 276.1 billion
Royal Bank of Canada (Toronto Stock Exchange, CAD): plus 1.25 percent, P/E 17.45, market capitalization CAD 385.3 billion
Bank of Nova Scotia (Toronto Stock Exchange, CAD): plus 1.44 percent, P/E 16.66, market capitalization CAD 155.9 billion
Price stays below the yearly high
TD Bank was trading at EUR 104.85 at Lang & Schwarz on October 13, 2026 at 5:10 p.m. CEST, after the Xetra close. The TSX quote stood at CAD 167.10, plus 1.77 percent versus CAD 164.19, the previous TSX close.
The further course of trading is shown by the continuously updated real-time quote of TD Bank stock.
TD Bank stock facts
- Company: The Toronto-Dominion Bank
- ISIN: CA8911605092
- Ticker: TD
- Primary exchange: Toronto Stock Exchange and New York Stock Exchange
- Price Lang & Schwarz as of October 13, 2026 at 5:10 p.m. CEST: EUR 104.85
- Change on the TSX: plus 1.77 percent
- TSX price as of October 13, 2026: CAD 167.10
- Market capitalization: CAD 276.1 billion as of October 13, 2026
- 52-week range: CAD 109.56-175.33 as of October 13, 2026
- Sector / Industry: Financial Services / Banks - Diversified
Market context: Market report S&P/TSX Composite.
