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

Toronto Dominion Bank (NYSE:TD) (TSE:TD) announced its quarterly earnings data on Thursday. The bank reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13, Zacks reports. The business had revenue of $11.01 billion during the quarter, compared to analysts’ expectations of $10.43 billion. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The firm’s quarterly 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 Down 1.5%

NYSE TD traded down $1.47 on Friday, reaching $97.31. The company had a trading volume of 3,482,584 shares, compared to its average volume of 2,574,451. The company’s fifty day moving average is $95.00 and its 200-day moving average is $85.38. The firm has a market capitalization of $162.63 billion, a price-to-earnings 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 quick ratio of 1.03 and a current ratio of 1.03. Toronto Dominion Bank has a 1-year low of $54.87 and a 1-year high of $99.84.

Toronto Dominion Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, April 9th. Toronto Dominion Bank’s payout ratio is currently 37.37%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Smartleaf Asset Management LLC raised its position in Toronto Dominion Bank by 660.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock valued at $38,000 after buying an additional 456 shares during the last quarter. McMillan Office Inc. acquired a new position in Toronto Dominion Bank during the 4th quarter worth approximately $50,000. Swiss RE Ltd. bought a new position in shares of Toronto Dominion Bank during the 4th quarter worth approximately $51,000. Sunbelt Securities Inc. raised its holdings in shares of Toronto Dominion Bank by 232.6% in the third quarter. Sunbelt Securities Inc. now owns 715 shares of the bank’s stock valued at $57,000 after purchasing an additional 500 shares during the last quarter. Finally, Strive Financial Group LLC bought a new stake in shares of Toronto Dominion Bank in the fourth quarter worth $62,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TD has been the subject of several analyst reports. Wall Street Zen lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd. Zacks Research raised shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Jefferies Financial Group cut shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Finally, Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Toronto Dominion Bank currently has an average rating of “Moderate Buy” and an average price target of $93.00.

Key Stories Impacting Toronto Dominion Bank

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

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.