$TD · TORONTO DOMINION BANK
TD Bank Group filed a 6-K announcing its intention to launch a new share buyback program of up to C$10 billion (capped at 61 million shares), representing 3.74% of outstanding common shares. The program follows the completion of a C$7 billion buyback on September 25, 2026, and is expected to run through July 2027, subject to OSFI and TSX approvals.
- New buyback authorizes repurchase of up to C$10 billion of common shares, not exceeding 61 million shares.
- Program represents up to 3.74% of TD's 1.63 billion shares outstanding as of August 31, 2026.
- TD completed its prior C$7 billion buyback (47.2 million shares) on September 25, 2026.
- CET1 ratio stood at 14.26% as of July 31, 2026, indicating ample capital to fund the program.
- Buyback expected to be completed by July 2027, subject to OSFI and TSX approvals.
Price data unavailable — no regular-session trading occurred between filing and the current session. The stock is essentially flat (-0.01%) in today's session, suggesting the buyback was largely anticipated or priced in given TD's recent completion of its prior C$7 billion program.
A C$10 billion buyback immediately following a completed C$7 billion program signals strong capital confidence and a sustained commitment to returning capital to shareholders.
Canadian banks have been actively returning capital to shareholders via buybacks following OSFI's relaxation of pandemic-era capital restrictions. TD's C$10 billion program follows its just-completed C$7 billion NCIB and signals continued capital strength relative to peers.
Program is subject to OSFI and TSX approvals; forward-looking statements caution that regulatory decisions and market conditions may affect timing, pricing, and ultimate completion of repurchases.
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