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TD Bank to Buy Back up to $10 Billion of Its Shares
The program would cover up to 61 million shares, or 3.74% of TD’s outstanding common shares, after the lender completed a $7 billion repurchase.
- TD Bank Group announced plans to repurchase up to $10 billion of common shares by next July, pending Office of the Superintendent of Financial Institutions Canada approval, following a $7 billion buyback completed on Sept 25.
- OSFI reduced the domestic stability buffer in June, lowering the required common equity tier 1 ratio for major banks to 11 per cent from 11.5 per cent, freeing capital for repurchases.
- TD's CET1 ratio stood at approximately 14.3 per cent as of July 31, well above the 13 per cent maintained by Canada's biggest banks in recent years, strengthening the buyback case.
- The program will repurchase up to 61 million common shares, representing about 3.74 per cent of issued and outstanding shares as of Aug 31, with all purchased shares to be cancelled.
- Chief Executive Raymond Chun said in Aug the lender could return more than $13 billion in fiscal 2027, though analysts warn uncertain economy and weak loan demand may complicate capital deployment.
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TORONTO, Sept. 30, 2026 /CNW/ - TD Bank Group ("TD" or "Bank") (TSX: TD) (NYSE: TD) today announced its intention, subject to
·Montreal, Canada
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Coverage Details
Total News Sources11
Leaning Left6Leaning Right1Center1Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
13%
12%
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