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Toronto-Dominion Bank (TSX:TD) — Canada's Cross-Border Banking Giant
Toronto-Dominion Bank (TSX:TD)(NYSE:TD) is one of North America’s largest and most influential financial institutions, with more than CAD 2 trillion in assets and dominant market share in Canada across personal banking, commercial banking, wealth management, and insurance. With 40% of its revenue coming from the U.S., TD is a uniquely diversified Canadian bank positioned for long-term growth on both sides of the border.
This week, TD surged again — and momentum suggests investors may just be witnessing the start of a powerful multi-year recovery. Let’s break down everything you need to know.
This Week’s Market Snapshot
| Metric | Value |
|---|---|
| Stock Price | $125.86 |
| Weekly Move | +1.94% |
| Market Cap | $153.5B USD |
| P/E Ratio | 10.9 |
| Forward P/E | 12.5 |
| 52-Week Range | $73.73 – $123.57 |
| YTD Return | +72.3% |
| Dividend Yield | 3.4% |
Takeaway: TD is riding an incredibly strong momentum wave, now trading above its 52-week high, supported by earnings strength and analyst upgrades.
Major Developments This Week
1️⃣ TD Stock Continues Its Breakout Run
TD outperformed global banks this week with a 6.9% five-day return, signaling strong institutional demand and confidence in the bank’s earnings outlook.
2️⃣ Analysts Boost EPS Estimates Across the Board
TD saw multiple upward EPS revisions, with analysts raising expectations for both 2026 and forward years — a strong signal of improving fundamentals.
3️⃣ U.S. Retail Banking Strength Drives Optimism
With TD’s deep U.S. footprint from Maine to Florida, analysts note TD is well-positioned to benefit from U.S. consumer strength and easing rate cuts in 2026.
Analyst Insights: BUY Rating with Improving Sentiment
Even after a massive run-up, analysts still maintain a BUY rating on TD.
| Category | Value |
|---|---|
| Consensus Rating | BUY ⭐⭐⭐⭐ |
| Target Price | $125.07 |
| Upside Potential | -0.63% (trading slightly above target) |
| Ratings Breakdown | 4 Strong Buys • 2 Buys • 5 Holds • 1 Strong Sell |
🔎 What this means:
TD may be near fair value in the short term, but analysts still highlight long-term earnings resilience, strong capital ratios, and a recovering consumer environment.
Growth Indicators
| Metric | TD Growth |
|---|---|
| Sales Growth (Next Year) | 3.9% |
| EPS Growth (Next Year) | 11.4% |
| 5-Year EPS Growth Estimate | 6.0% |
✔️ EPS growth remains TD’s strongest long-term driver
✔️ U.S. operations expected to contribute oversized growth
Recent Headlines (Top 3 Highlights)
📰 TD Sees Surge in EPS Estimate Upgrades
Analysts increased EPS forecasts across all periods, pointing to credit recovery and margin stabilization.
📰 Bank Stocks Lead Canadian Market Rally
TD was one of the best performers among Big 6 banks, benefiting from macro optimism and stronger GDP print-through in Canada.
📰 U.S. Retail Banking Division Expands Loan Growth
Early signs show improved U.S. consumer spending and loan demand, a key catalyst for TD’s cross-border revenue boost.
Why TD Bank Looks Unstoppable Right Now
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Momentum is exceptional — RSI and MFI both signal strong buying pressure
-
Dividend yield at 3.4% continues to rise in dollar terms
-
Earnings strength with 7.02% EPS beat last quarter
-
Cross-border diversification strengthens stability compared to peers
-
Upward revisions suggest confidence heading into 2026
TD may be nearing short-term fair value, but long-term investors looking for steady earnings, rising dividends, and defensive growth may find TD one of the best Canadian bank buys today.
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Qayyum Rajan, CFA
Qayyum is the CEO of Wealth Awesome, a leading Canadian personal finance publication. As a CFA charterholder with extensive experience in fintech, data science, and quantitative finance, he brings a unique analytical perspective to investing and wealth management.
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This content has been reviewed by CFA® charterholders and Certified Financial Planners (CFP®) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.
Why these credentials matter: CFA® charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFP® professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.
⚠️ Professional Disclaimer
This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.
