TD plans new CAD 10 billion buyback of TD stock

Published on 10/07/2026 at 14:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TD stock stood at EUR 105.10 at Lang & Schwarz on October 7, 2026. The program covers 61 million shares, equal to 3.74 percent.

TD, CA8911605092, Illustration mit AI erstellt.

Toronto-Dominion Bank (CA8911605092) plans a new CAD 10 billion buyback of its common shares, subject to regulatory approval, according to Financial Times on September 30, 2026. TD stock stood at EUR 105.10 at Lang & Schwarz on October 7, 2026 at 2:37 p.m. CEST.

Buyback covers 61 million shares

The planned repurchases would cover up to 61 million common shares and represent up to 3.74 percent of the 1.63 billion shares outstanding on August 31, 2026. TD intends to complete the program by July 2027, while all repurchased shares are planned for cancellation.

The bank completed a separate CAD 7 billion repurchase on September 25, 2026, buying back 47.2 million shares under its existing Toronto Stock Exchange normal course issuer bid. The new program still requires approval from the Office of the Superintendent of Financial Institutions Canada and later Toronto Stock Exchange approval for a new bid.

Capital strength supports the plan

TD entered the capital-allocation decision with a Common Equity Tier 1 ratio of 14.26 percent as of July 31, 2026, according to Financial Times. That level provides a measurable buffer against the bank's longer-term target of about 13 percent by the end of 2027, although the buyback remains conditional rather than completed.

At the Scotiabank Financials Summit on September 9, 2026, Chief Executive Ray Chun said third-quarter return on equity reached 16 percent versus a 13 percent fiscal 2026 target, while the efficiency ratio improved to 55 percent from 59.5 percent, according to Investing.com. The comparison matters because capital returns depend on sustained profitability, not only on the size of the proposed repurchase.

Next results arrive in December

TD's investor relations calendar lists its fourth-quarter 2026 conference call for December 3, 2026, and identifies TD on both the Toronto Stock Exchange and New York Stock Exchange. The next results will give investors a fresh test of the 16 percent return on equity reported for the third quarter.

For the euro perspective, TD stock stood at EUR 105.10 at Lang & Schwarz on October 7, 2026 at 2:37 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of TD stock.