The Toronto-Dominion Bank stock reports record Q3 earnings

Published on 10/06/2026 at 18:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The Toronto-Dominion Bank stock was trading at CAD 168.07 on October 2, 2026, up 0.41 percent on the TSX. Q3 earnings reached CAD 4.7 billion.

TD, CA8911605092, Illustration mit AI erstellt.

The Toronto-Dominion Bank (ISIN CA8911605092) was trading at CAD 168.07 on the Toronto Stock Exchange on October 2, 2026, up 0.41 percent from the prior close. The bank's third-quarter 2026 results delivered adjusted earnings of CAD 4.7 billion and adjusted earnings per share of CAD 2.77, according to the Yahoo Finance transcript dated August 27, 2026.

Record earnings set the tone

TD reported 8 percent revenue growth year over year in Q3 2026, while return on equity reached 16 percent, up 280 basis points from the prior year. The quarter also produced a common equity tier 1 ratio of 14.3 percent, giving capital allocation a central role in the bank's latest results.

The earnings profile was broad. U.S. Banking earnings rose 11 percent year over year, and the segment's return on tangible common equity reached 15.6 percent. Wealth Management and Insurance reported record revenue, earnings and assets in the quarter, while Wholesale Banking also posted record revenue and earnings, according to Yahoo Finance.

Buyback adds a capital signal

On September 30, 2026, TD announced an intended buyback of up to CAD 10 billion, capped at 61 million common shares and subject to approval by Canada's banking regulator. The program could represent up to 3.74 percent of the 1,633,130,726 shares outstanding on August 31, 2026, and the purchased shares would be cancelled, according to TD Bank Group.

The planned program follows CAD 7 billion of completed repurchases on September 25, 2026, covering 47.2 million shares. The capital plan therefore combines shareholder distributions with continued investment, including TD's target of opening 100 U.S. branches by the end of 2028, as discussed in the Q3 call.

Consensus remains above the quote

MarketBeat reported on September 22, 2026, that nine ratings firms carried a Moderate Buy consensus, with four Buy ratings, four Holds and one Strong Buy. The average 12-month target was USD 156.00 against a reported USD 124.11 share price, placing the target 25.7 percent above that reference price, according to MarketBeat. The consensus figure uses the NYSE quotation, while the reference stock price in this article uses TD's primary Canadian listing.

TD stock trades at CAD 168.07

TD stock was trading at CAD 168.07 on the Toronto Stock Exchange on October 2, 2026, with a 0.41 percent daily gain. The next scheduled Q4 2026 earnings announcement is December 3, 2026, according to Yahoo Finance.