CIBC Lifts PT on The Toronto-Dominion Bank (TD)

The Toronto-Dominion Bank (NYSE:TD) is one of the best inexpensive stocks to invest in right now. On May 29, CIBC lifted the price target on The Toronto-Dominion Bank (NYSE:TD) to C$164 from C$151 while maintaining a Neutral rating on the shares. The company also received a rating update from Barclays the same day, with the firm raising the price target on the stock to C$140 from C$135 and reiterating an Underweight rating on the shares.

The rating updates came after the bank reported financial results for fiscal Q2 2026, which ended April 30, 2026, in which it announced that reported diluted earnings per share were $2.43, compared with $6.27 in the prior year period, while adjusted diluted earnings per share were $2.38, compared to $1.97 in fiscal Q2 2025. Reported net income for the quarter was $4,251 million, compared with $11,129 million, with the adjusted net income reaching $4,168 million, compared with $3,626 million in the prior year period.

The Toronto-Dominion Bank (NYSE:TD) provides financial products and services. Its operations are divided into the following segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, Wholesale Banking, and Corporate segment.

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