Toronto Dominion Bank (NYSE:TD) Releases Earnings Results, Beats Estimates By $0.13 EPS

Toronto Dominion Bank (NYSE:TD) (TSE:TD) released its quarterly earnings results on Thursday. The bank reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13, Zacks reports. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The firm had revenue of $11.01 billion during the quarter, compared to the consensus estimate of $10.43 billion. During the same quarter in the prior year, the firm earned $2.02 EPS. Toronto Dominion Bank’s revenue for the quarter was up 18.1% on a year-over-year basis.

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 Price Performance

Shares of TD stock traded down $1.47 during midday trading on Friday, reaching $97.31. 3,482,584 shares of the company traded hands, compared to its average volume of 2,574,451. The firm has a market cap of $162.63 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 1.30 and a beta of 0.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The firm’s 50 day simple moving average is $95.00 and its two-hundred day simple moving average is $85.38. Toronto Dominion Bank has a 1-year low of $54.87 and a 1-year high of $99.84.

Toronto Dominion Bank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.32 dividend on an annualized basis and a yield of 4.4%. Toronto Dominion Bank’s dividend payout ratio (DPR) is 37.37%.

Key Toronto Dominion Bank News

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

Institutional Trading of Toronto Dominion Bank

A number of institutional investors have recently bought and sold shares of the company. Bank of Nova Scotia raised its stake in Toronto Dominion Bank by 6.8% in 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 purchasing an additional 1,234,510 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Toronto Dominion Bank by 10.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 17,014,836 shares of the bank’s stock worth $1,606,978,000 after purchasing an additional 1,629,062 shares during the last quarter. Morgan Stanley grew its holdings in shares of Toronto Dominion Bank by 5.2% during the fourth quarter. Morgan Stanley now owns 5,286,308 shares of the bank’s stock worth $497,970,000 after buying an additional 261,212 shares in the last quarter. Invesco Ltd. raised its position in shares of Toronto Dominion Bank by 9.7% in the fourth quarter. Invesco Ltd. now owns 4,986,602 shares of the bank’s stock valued at $469,738,000 after buying an additional 440,296 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Toronto Dominion Bank by 8.6% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,970,098 shares of the bank’s stock valued at $317,378,000 after buying an additional 313,951 shares during the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on TD. Jefferies Financial Group downgraded Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Zacks Research upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, January 21st. National Bank Financial raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Finally, Raymond James Financial upgraded shares of Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Toronto Dominion Bank has an average rating of “Moderate Buy” and a consensus price target of $93.00.

About Toronto Dominion Bank

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.