CIBC and BMO Capital Raises PT on The Toronto-Dominion (TD)

​The Toronto-Dominion Bank (NYSE:TD) is one of the Best Value Stocks to Buy for the Long Term. On February 27, CIBC raised the firm’s price target on the stock to C$140 from C$136 and kept a Neutral rating on the shares. On the same day, BMO Capital raised the firm’s price target to C$144 from C$135 and maintained a Buy rating on the stock.

​The ratings follow the company’s fiscal Q1 2026 earnings released on February 26. The Toronto-Dominion Bank (NYSE:TD) reported earnings of C$4.0 billion, reflecting 45% growth year-over-year and adjusted earnings of C$4.2 billion, up 16% year-over-year. Management attributed the strong performance to growth in fee income, volume expansion in Canadian banking, and margin improvements.

​Notably, the bank generated record net income of C$2.044 billion, reflecting a 12% year-over-year increase. This was driven by  7% higher pre-tax, pre-provision earnings and lower credit loss provisions. Q1 2026 was recognized as the highest in terms of quarterly credit card acquisitions in over a decade, driven by AI tools like Branch Virtual Assistant and agentic AI in real estate lending.

CIBC and BMO Capital Raises PT on The Toronto-Dominion (TD)

​The Toronto-Dominion Bank (NYSE:TD) is a major North American bank operating through four key segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.

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