TD Bank Group reported record third-quarter earnings of $4.7 billion and record EPS of $2.77, with revenue up 8% year-over-year, driven by strong performance in Canadian businesses and Wholesale Banking. The bank's CEO, Raymond Chun, announced plans to open 100 new U.S. branches by the end of calendar 2028, subject to regulatory approval, as part of its growth strategy. TD also expects to return over $13 billion in capital to shareholders in fiscal 2027 to reach a 13% CET1 ratio, while maintaining its commitment to organic growth and investments in AI. The bank's U.S. Banking segment saw total loans turn positive sequentially, with bank card balances up 20% year-over-year, and the company reaffirmed its outlook for approximately $2.9 billion in U.S. Banking net income for fiscal 2026.
Toronto Dominion BankTD Bank reported record Q3 earnings of $4.7B and record EPS of $2.77 with revenue up 8% YoY.
