BuybackMar 29, 2026, 10:49 PM
Toronto Dominion Bank Announces Intention to Launch New $7 Billion Share Buyback Program
AI Summary
Toronto Dominion Bank (TD) announced its intention to launch a new normal course issuer bid to repurchase for cancellation up to $7 billion of its common shares, not to exceed 61 million shares, representing approximately 3.63% of outstanding shares. This follows the completion of an existing $8 billion buyback program and is subject to regulatory and exchange approvals, signaling TD's confidence in its financial position and commitment to returning capital to shareholders.
Key Highlights
- TD intends to repurchase up to $7 billion of its common shares, not exceeding 61 million shares.
- The new buyback program is subject to approval from the Office of the Superintendent of Financial Institutions Canada and the Toronto Stock Exchange.
- The existing $8 billion buyback program is nearing completion, with $7.53 billion already repurchased as of December 31, 2025.
Price Impact
More from TD