TD Bank launches $10B share buyback to boost earnings and return on equity

Toronto-Dominion Bank (TD Bank) announced a new share buyback program worth up to $10 billion, expected to complete by July 2027. The bank plans to repurchase up to 61 million shares, about 3.74% of its outstanding shares as of August 31. This follows a previous buyback starting in January 2026, where TD spent $7 billion to buy back 47.2 million shares. By reducing the number of shares, TD aims to increase its return on equity and earnings per share, key indicators of financial health. The buyback requires approval from Canadian regulators, and TD intends to cancel all repurchased shares.

Toronto-Dominion Bank holds a market cap of $195.09 billion and offers a dividend yield of 2.72% on Pluang as of October 1, 2026, 00:21 WIB. The stock price is USD 117.89, down 0.93% on the day, while trading volume reached 797,269 shares. This share buyback announcement comes as TD maintains strong investor interest, with 100% of Pluang order activity on the buy side at this time.