TD Bank Q3 2026: Adjusted EPS C$2.77 Beats, AML Remediation Cost Raised to US$550M
TD sits 65% above its 52-week low of $72.725.
Summary
TD Bank reported Q3 2026 adjusted EPS of C$2.77, up 26% year-over-year, with record earnings in Canadian and Wholesale Banking. AML remediation costs were raised to ~US$550M for fiscal 2026.
Key Events · Earnings and Guidance · TD
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Q3 Adjusted EPS Up 26%
Adjusted diluted EPS of C$2.77 vs C$2.20 prior year; adjusted net income of C$4,671M, up 21% YoY.
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AML Remediation Cost Raised
Fiscal 2026 U.S. BSA/AML remediation and governance investments now expected at ~US$550M pre-tax, up from US$500M, due to higher lookback costs.
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CET1 Ratio Declines to 14.3%
CET1 ratio fell from 14.7% at October 31, 2025, driven by share repurchases and RWA growth; bank targets ~13% by October 31, 2027.
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Share Buyback Progress
2026 NCIB repurchased 37.7M shares for C$5.4B through July 31, 2026, including 14.5M shares for C$2.4B in Q3.
Analysis · TD · Finance
A strong third quarter saw adjusted earnings climb 21% year-over-year, powered by record results in Canadian Personal and Commercial Banking and Wholesale Banking. The bank also lifted its fiscal 2026 U.S. BSA/AML remediation cost guidance to approximately US$550 million pre-tax, up from US$500 million, citing higher lookback activity costs. Meanwhile, CET1 capital slipped to 14.3% from 14.7% at fiscal year-end, partly reflecting share repurchases under the 2026 NCIB, which has already deployed C$5.4 billion of the C$7 billion authorization.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TD was trading at $119.91 on NYSE in the Finance sector, with a market capitalization of approximately $202.6B. The 52-week trading range was $72.73 to $125.47. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.