Argus raises target for Toronto-Dominion Bank stock to USD 135.00

Published on 10/27/2026 at 17:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 income reached CAD 4.52 billion. Toronto-Dominion Bank stock costs EUR 112.65 on October 27, 2026, up 0.98 percent versus the EUR 111.56 Frankfurt close.

Analyst target and earnings

Argus raised its TD Bank target to USD 135.00 on September 23, 2026.
Third-quarter net income reached CAD 4.52 billion for the period ended July 31, 2026.
TD Bank stock costs EUR 112.65 at Lang & Schwarz on October 27, 2026 at 5:11 p.m. CEST, 0.98 percent above the Frankfurt close of October 26, 2026.
TD Bank scheduled its fourth-quarter 2026 conference call for December 3, 2026.

TD, CA8911605092, Illustration mit AI erstellt.

Argus raised its target for The Toronto-Dominion Bank to USD 135.00 in a research update dated September 23, 2026, according to Yahoo Finance. The bank's stock was trading at EUR 112.65 at Lang & Schwarz on October 27, 2026 at 5:11 p.m. CEST, up 0.98 percent versus the Frankfurt close of October 26, 2026 at EUR 111.56.

Target leaves room above the stock

Argus supplied a USD 135.00 target while the New York Stock Exchange listing was at USD 125.49 on October 27, 2026 at 12:18 p.m. ET. The target therefore stood 7.58 percent above that US-listed price, using the same currency. The research note described TD as one of Canada's two largest banks and cited assets above CAD 2.00 trillion.

The target update sits alongside a strong reported quarter. Simply Wall St reported that third-quarter 2026 net income reached CAD 4.52 billion for the period ended July 31, 2026, up 39.00 percent from CAD 3.25 billion a year earlier. Diluted earnings per share rose to CAD 2.74 from CAD 1.89, while revenue reached CAD 16.00 billion, up 12.00 percent.

Stock sits below its yearly high

On the Toronto Stock Exchange, TD last traded at CAD 176.25 on October 27, 2026 at 12:14 p.m. ET. The quoted 52-week range was CAD 112.26 to CAD 176.85, leaving the stock 0.34 percent below its high and 57.04 percent above its low. Volume stood at 715,614 shares at that time.

The Canadian listing carried a price-to-earnings ratio of 18.89 and a market capitalization of CAD 287.8 billion. Royal Bank of Canada traded at CAD 284.70, with a price-to-earnings ratio of 17.94 and a market capitalization of CAD 394.8 billion. Bank of Montreal stood at CAD 240.90, with a price-to-earnings ratio of 19.63 and a market capitalization of CAD 167.4 billion.

Valuation meets a December date

TD's third-quarter net interest income was CAD 9.30 billion, while non-interest income reached CAD 7.59 billion for the quarter ended July 31, 2026. Total assets stood at CAD 2.11 trillion on that date, giving the earnings figure a balance-sheet context.

The next scheduled corporate event is TD's fourth-quarter 2026 conference call on December 3, 2026, listed on the company's investor-relations page. The call date gives investors the next fixed point for assessing whether earnings momentum and capital deployment are continuing into the final quarter.

Comparison with peers

The Toronto-Dominion Bank: plus 0.28 percent, price-to-earnings ratio 18.89, market capitalization CAD 287.8 billion.

Royal Bank of Canada (Toronto Stock Exchange, CAD): plus 0.15 percent, price-to-earnings ratio 17.94, market capitalization CAD 394.8 billion.

Bank of Montreal (Toronto Stock Exchange, CAD): plus 0.77 percent, price-to-earnings ratio 19.63, market capitalization CAD 167.4 billion.

What the target means for TD Bank

Argus's USD 135.00 target is above the US-listed price, while TD's latest quarter delivered CAD 4.52 billion in net income and CAD 2.74 in diluted earnings per share. The valuation gap to peers is limited: TD's price-to-earnings ratio of 18.89 is above Royal Bank of Canada's 17.94 but below Bank of Montreal's 19.63.

TD Bank stock was trading at EUR 112.65 at Lang & Schwarz on October 27, 2026 at 5:11 p.m. CEST, 0.98 percent above the Frankfurt close of October 26, 2026 at EUR 111.56. The further course of trading is shown by the continuously updated real-time quote of TD Bank stock.