Toronto-Dominion Bank says its board has proposed a new large-scale share repurchase program, pending regulatory approval. The proposal covers up to 61,000,000 shares, on top of the CA$7,104.8m the bank has already retired in 2026. Management framed the buyback as a key element of its capital management framework, intended to return capital to shareholders while keeping flexibility for other corporate priorities. The bank, a large North American lender with a CA$273.1b market cap, reported a CET1 ratio of 14.8%. The plan tests pressure points including higher compliance and technology spending, real estate exposure, and competition from Royal Bank of Canada and Bank of Montreal.
Toronto Dominion BankToronto-Dominion Bank proposes a buyback of up to 61,000,000 shares, returning capital to shareholders.
Bank of Montreal
Royal Bank of Canada
