TD Bank approves C$10 billion buyback for TD Bank stock

Published on 10/12/2026 at 12:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TD Bank approved a C$10 billion buyback on October 8, 2026. TD Bank stock was EUR 103.22 on October 12, 2026.

Key points in brief

TD Bank received approval on October 8, 2026, for a C$10 billion share buyback covering up to 61 million shares.
The repurchase program began on October 9, 2026, and all purchased shares are scheduled for cancellation.
TD Bank stock was at EUR 103.22 at Lang & Schwarz on October 12, 2026, while third-quarter adjusted earnings reached CAD 2.77 per share.

TD, CA8911605092, Illustration mit AI erstellt.

TD Bank (CA8911605092) received approval on October 8, 2026, for a C$10 billion share buyback covering up to 61 million common shares. TD Bank stock was at EUR 103.22 at Lang & Schwarz on October 12, 2026, giving investors a live euro reference as the capital-return plan moves into execution.

Buyback begins with regulatory approval

According to TD Bank Group on October 8, 2026, the Office of the Superintendent of Financial Institutions Canada approved the new program. Repurchases began on October 9, 2026, and the bank said the purchased shares would be cancelled.

The authorization caps the program at 61 million shares, which limits the potential reduction in the share count even if TD uses the full C$10 billion. The scale matters because fewer shares can increase the portion of earnings attributable to each remaining share, although the eventual effect depends on execution and the prices paid.

Third-quarter earnings set the backdrop

In the third quarter of fiscal 2026, TD reported record adjusted earnings of CAD 4.7 billion and adjusted earnings per share of CAD 2.77, while revenue grew 8 percent year over year, according to Yahoo Finance on August 27, 2026. Return on equity reached 16 percent, up 280 basis points from the same quarter a year earlier.

Management also said the bank had repurchased 14.5 million common shares during the third quarter. That earlier activity provides a concrete comparison for the new authorization, which is more than four times larger by share count.

What does the program mean?

The buyback links TD's capital strategy to per-share performance and regulatory capital. The bank reported a common equity tier one ratio of 14.3 percent in the third quarter and said it expected total provisions for credit losses in fiscal 2026 near the lower end of its 40 to 50 basis point range, according to the same Yahoo Finance transcript.

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