National Bank Financial Forecasts TSE:TD Q4 Earnings

Key Points

• National Bank Financial raised its Q4 2025 EPS estimate for Toronto-Dominion Bank from $1.94 to $1.96, while the consensus estimate for the full year is $7.22 per share.
• Desjardins upgraded the stock from a "hold" to a "buy" rating with a price target increase from C$97.00 to C$107.00, reflecting growing analyst confidence.
• Toronto-Dominion Bank recently announced a quarterly dividend of $1.05, translating to an annualized dividend of $4.20 and a dividend yield of 4.1%.

The Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD - Research analysts at National Bank Financial raised their Q4 2025 EPS estimates for shares of Toronto-Dominion Bank in a research report issued on Thursday, August 14th. National Bank Financial analyst G. Dechaine now expects that the company will post earnings per share of $1.96 for the quarter, up from their prior forecast of $1.94. The consensus estimate for Toronto-Dominion Bank's current full-year earnings is $7.22 per share. National Bank Financial also issued estimates for Toronto-Dominion Bank's FY2026 earnings at $8.58 EPS.

Several other brokerages have also commented on TD. CIBC boosted their target price on shares of Toronto-Dominion Bank from C$99.00 to C$109.00 and gave the stock an "outperform" rating in a research report on Wednesday. Canaccord Genuity Group set a C$101.00 price target on Toronto-Dominion Bank and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Jefferies Financial Group lifted their price target on Toronto-Dominion Bank from C$103.00 to C$117.00 in a research note on Wednesday, August 13th. Scotiabank raised Toronto-Dominion Bank to a "hold" rating in a research note on Wednesday, May 14th. Finally, National Bankshares lifted their price target on Toronto-Dominion Bank from C$98.00 to C$99.00 and gave the stock a "sector perform" rating in a research note on Friday, August 15th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Toronto-Dominion Bank currently has an average rating of "Hold" and a consensus price target of C$96.08.

Toronto-Dominion Bank Price Performance

Shares of TSE TD traded up C$0.12 during trading on Monday, hitting C$102.36. 845,542 shares of the company were exchanged, compared to its average volume of 7,551,682. The company has a market cap of C$179.58 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 1 year low of C$73.22 and a 1 year high of C$103.11. The firm's fifty day moving average price is C$100.49 and its 200 day moving average price is C$91.56.

Insider Activity

In other Toronto-Dominion Bank news, Senior Officer Kelvin Vi Luan Tran sold 9,612 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$94.98, for a total value of C$912,947.76. Also, Director Ana Arsov bought 3,000 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was bought at an average price of C$94.49 per share, for a total transaction of C$283,470.00. Insiders sold a total of 81,612 shares of company stock valued at $7,748,610 over the last three months. 0.08% of the stock is currently owned by company insiders.

Toronto-Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 31st were paid a dividend of $1.05 per share. The ex-dividend date was Thursday, July 10th. This represents a $4.20 annualized dividend and a yield of 4.1%. Toronto-Dominion Bank's dividend payout ratio (DPR) is 80.84%.

Toronto-Dominion Bank Company Profile

Toronto-Dominion is one of Canada's two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank's U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.