TD Bank Plans $7 Billion Share Buyback, Ending Current Program
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2026
0mins
Source: NASDAQ.COM
- Buyback Program Update: Following the completion of an $8 billion common share repurchase, TD Bank plans to terminate its current buyback program and, subject to regulatory approval, initiate a new program to repurchase up to $7 billion, involving no more than 61 million shares, demonstrating the company's ongoing commitment to shareholder returns.
- Shareholder Return Strategy: The new buyback program will represent 3.63% of the common shares outstanding as of December 31, 2025, which will not only enhance earnings per share but also bolster market confidence in TD Bank's stock, further solidifying its position in the financial market.
- Existing Program Review: As of December 31, 2025, TD Bank had repurchased 76.58 million shares under the existing program, spending approximately $7.53 billion, indicating the company's proactive measures in capital management and its focus on shareholder value.
- Future Outlook: The introduction of the new program, combined with funds obtained from the sale of its equity investment in Charles Schwab, is expected to provide greater flexibility for TD Bank's future capital allocation and shareholder returns, helping it maintain an edge in a competitive market.
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Analyst Views on TD
Wall Street analysts forecast TD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TD is 92.14 USD with a low forecast of 84.94 USD and a high forecast of 96.46 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
6 Buy
4 Hold
1 Sell
Moderate Buy
Current: 96.070
Low
84.94
Averages
92.14
High
96.46
Current: 96.070
Low
84.94
Averages
92.14
High
96.46
About TD
The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank, along with subsidiaries, operates across four main business segments: Canadian Personal and Commercial Banking, the United States (U.S.) Retail, Wealth Management and Insurance, and Wholesale Banking. The Canadian Personal and Commercial Banking, which includes TD Canada Trust and TD Auto Finance Canada. The U.S. Retail segment includes TD Bank, a Convenient Bank, TD Auto Finance U.S., and TD Wealth (U.S.). The Wealth Management and Insurance segment includes TD Wealth (Canada), TD Direct Investing, and TD Insurance. The Wholesale Banking segment includes TD Securities and TD Cowen. The Bank offers a wide range of products and services, including banking accounts, financing, investment solutions, cash management (information, consolidation and reporting, payables, and receivables), U.S. banking services, global services, business credit life insurance, wealth advisory services and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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