Toronto-Dominion Bank reported strong Q2 results, surpassing revenue and earnings per share estimates with record profits and solid efficiency. Despite recent anti-money laundering fines and higher valuation multiples, the bank maintains a strong balance sheet and high return on equity, supporting ongoing earnings growth. Management forecasts moderate expense growth, $500 million AML remediation costs in 2026, and $2.9 billion U.S. net income, alongside a $7 billion share buyback plan. The bank trades at a premium but its operational strength justifies a moderate buy rating.
TD Bank Group announced a dividend of $1.12 per common share for the quarter ending July 31, 2026, payable to shareholders of record on July 10, 2026. Shareholders can opt to reinvest dividends in additional shares through the Dividend Reinvestment P...
Canadian Banc Corp. announced an overnight offering of its preferred shares priced at $10.33 per share, led by National Bank Financial Inc. The offering period ends May 28, 2026, with expected closing around June 4, 2026, pending TSX approval. Procee...
