Toronto Dominion Bank continues its streak of strong performance, surpassing earnings expectations once again.
Recent earnings trend
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Toronto Dominion Bank
TD.TO
TD.TO
Toronto Dominion Bank
WealthAwesomeMarket cap
$274.03B
P/E
19.5x
Div. yield
2.59%
Div. / share
$4.26
52W high
$175.33
52W low
$97.25
1W change
+3.98%
Beta
0.87
Analyst Price Targets
Based on analyst covering TD
Wall Street analysts forecast TD stock price to rise 3.2% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$173.14
+3.2% Upside
Current Price
C$167.84
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on TD's historical volatility
30-Day Vol
21.3%
Annualized
90-Day Vol
18.6%
Annualized
Trend (90d)
+29.0%
Annualized drift
90d Mean
C$186.14
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$173.73 | C$161.41 โ C$186.99 |
| 60 trading days | C$179.83 | C$162.06 โ C$199.54 |
| 90 trading days | C$186.14 | C$163.87 โ C$211.43 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: 9 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-07-31 | 2026-08-27 | 2.7700 | 2.4700 | +12.1% |
| 2026-04-30 | 2026-05-28 | 2.3800 | 2.2600 | +5.3% |
| 2026-01-31 | 2026-02-26 | 2.3400 | 2.1700 | +7.8% |
| 2025-10-31 | 2025-12-04 | 1.8200 | 1.9400 | -6.2% |
| 2025-07-31 | 2025-08-28 | 2.2000 | 2.0200 | +8.9% |
| 2025-04-30 | 2025-05-22 | 1.9700 | 1.7900 | +10.1% |
Toronto Dominion Bank (TD.TO) reported its third-quarter results on August 27, 2026, revealing a robust adjusted diluted earnings per share (EPS) of C$2.77, significantly outpacing analysts' estimates of C$2.47. This marks a surprise of 12.15%, adding to the bank's impressive record of beating earnings expectations in three out of the last four quarters.
Investor takeaway: For Canadian investors, TD's strong performance underscores the bank's resilience and ability to navigate market challenges effectively. The increase in net income and revenue highlights a solid operational foundation, making TD an attractive option for those seeking stability in the financial sector.
C$2.77 EPS vs. C$2.47 Estimate: A 12.15% Surprise
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This earnings beat is a testament to TD's strong operational performance, with adjusted net income increasing to C$4.67 billion, up from C$3.87 billion a year earlier.
Bull case
TD's strong quarter shows that its strategy in personal and commercial banking is working well. The bank saw a notable rise in net income across various segments. Its disciplined approach and focus on innovation, including investments in AI, position it well for future growth, which could enhance shareholder value.
Bear case
Despite the positive earnings report, there are potential risks to consider. Rising interest rates and economic uncertainty could impact loan growth and profit margins. Investors should stay cautious about external market factors that might affect TD's performance in the future.
Earnings Overview
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Segment Performance
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Analyst Insights and Price Targets
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Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
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