TD Bank Q2 Adjusted EPS $2.38, up 21%; Net Income $4.2B, up 15%
TD Bank Group reported strong second quarter 2026 results with adjusted diluted earnings per share increasing 21% to $2.38 and adjusted net income rising 15% to $4.2 billion year-over-year. The Bank saw record earnings in Canadian Personal and Commercial Banking, Wealth Management and Insurance, and Wholesale Banking, alongside accelerated momentum in U.S. Banking. The company also announced an ongoing share buy-back and a dividend increase, while continuing to make progress on its U.S. BSA/AML remediation efforts, expecting approximately US$500 million in related investments for fiscal 2026. Reported net income and EPS were significantly lower year-over-year due to specific adjustments, including an income tax adjustment on the gain from the sale of Charles Schwab Corporation shares.
Key Highlights
- Adjusted diluted EPS $2.38, up 21% year-over-year.
- Adjusted net income $4,168 million, up 15% year-over-year.
- Canadian Personal and Commercial Banking net income $1,925 million, up 15%.
- U.S. Banking adjusted net income $960 million (US$702 million), up 8%.
- Wealth Management and Insurance net income $837 million, up 18%.
- Wholesale Banking net income $612 million, up 46% on a reported basis.
- Q2 2026 dividend per share $1.08, up from $1.05 last year.
- Fiscal 2026 U.S. BSA/AML remediation investments expected at US$500 million pre-tax.
- Reported diluted EPS $2.43, compared with $6.27 last year.
Price Impact
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