Toronto-Dominion Bank Q2 2026 Earnings Call Transcript - Toronto-Dominion Bank (NYSE:TD)

RBC Capital Markets raised its gold forecasts, citing new highs in 2026: $4,600/oz (+17%), $5,100/oz for 2027 (+24%) and long-term $3,000/oz (+15%). It also lifted silver and copper assumptions and adjusted stock targets. SSR Mining was upgraded to “outperform” with a $40 target. Desjardins shifted Canadian banks to “market weight,” raising TD and RBC targets.

Jefferies raised its price target on Toronto-Dominion Bank (TD) to C$151 from C$142 while keeping a Hold rating, citing broad fiscal Q2 contributions and better-than-forecast capital markets results. The firm said U.S. credit performance was strong and management expects lending to improve. TD reported fiscal Q2 ended April 30, 2026 diluted EPS of $2.43 (adjusted $2.38).

Barclays raised its price target on Toronto-Dominion Bank (TD) to C$140 from C$135 and kept an Underweight rating after TD reported fiscal Q2 2026 results ended April 30. Barclays’ update followed TD’s reported diluted EPS of $2.43 (vs. $6.27 prior year) and adjusted diluted EPS of $2.38. CIBC also raised its target to C$164 from C$151, maintaining Neutral.

Canada’s S&P/TSX Composite fell 0.33% to 34,655.36 as U.S.-Iran peace-deal uncertainty rose after reports Iran may stop communicating with the U.S. and close the Strait of Hormuz. Oil jumped on U.S. strikes, lifting energy and tech; the IT Capped Index rose ~5.5% (Coveo +13.2%, Docebo ~+10%). Manufacturing PMI stayed in growth at 52.9.

The article highlights 12 “undervalued” financial stocks, arguing the sector’s uneven performance amid credit, rates, and growth concerns has created valuation gaps. It cites Fidelity, T. Rowe Price, and J.P. Morgan Asset Management views on value outperformance and capital markets activity. For Royal Bank of Canada, BofA raised its target to C$273 (Buy) and Raymond James cut to Market Perform (C$265.50). For TD, BofA lifted to C$168 (Buy) and Raymond James upgraded to Outperform (C$152.50).

Desjardins raised its price target for Toronto-Dominion Bank (TSE:TD) to C$160 from C$154 and kept a “buy” rating, implying 3.19% upside from the stock’s price. Other firms adjusted targets: CIBC to C$164 (neutral), Barclays to C$140 (underweight), BMO to C$144 (outperform). TD traded at C$155.06 on Friday.