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Toronto-Dominion Bank
Symbol TD
Shares Issued 1,644,815,685
Close 2026-08-27 C$ 167.84
Market Cap C$ 276,065,864,570
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Post says TD Bank wins Q3 bragging rights

2026-08-28 09:05 ET - In the News

The Financial Post reports in its Friday edition that TD Bank beat analysts' third-quarter earnings expectations by the biggest margin among the Big Six banks as the lender posted strong results in its U.S. business and a soaring profit in its wholesale banking segment on Thursday. The Post's Naimul Karim writes TD's net income for the three months ending July 31 was $4.61-billion, up 38 per cent from $3.33-billion during the same quarter last year, resulting in net earnings per share of $2.74. Its adjusted net income, which removes the impact of non-recurring items, was $4.67-billion, up 21 per cent from the $3.87-billion recorded last year, resulting in adjusted earnings per share of $2.77, which beat analysts' expectations of about $2.47. The lender's EPS beat was about 12 per cent higher compared with the sector's 7 per cent. "TD had a very strong quarter with record earnings in our Canadian businesses and wholesale banking, and growing momentum in U.S. banking," chief executive officer Raymond Chun said in a call Thursday. As part of a previously announced plan to boost its branches, the bank said it would be opening 100 new branches in the United States by the end of 2028. TD closed the day at $167.84, up $1.97.

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