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Model output · Signal date 2026-10-16

Toronto Dominion Bank (TD) Stock Forecast Oct. 16, 2026

Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE

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Rating · 90D ▼ Bearish Exact rating locked
90-day forecast Sign up free to reveal
30-day forecast Alpha
Rank in coverage Bottom 35% of 5184 stocks scored
Rank correlation · 90D 61.0% Spearman, 357 dates
Market Cap $203.40B mega-cap · #3 of 20 peers
Summary

Toronto Dominion Bank (TD) stock forecast summary

Our AI ranks Toronto Dominion Bank outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.

Toronto Dominion Bank is a mega-cap company with a market capitalization of $203.40B. It ranks number 3 by market capitalization among the 20 Commercial Banks, NEC issuers in our coverage with a current forecast.

For TD, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 61.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 30.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)

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Price

TD price chart and AI forecast

TD
Cross-section · 2026-10-16

How TD ranks among 5184 stocks

90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).

Fundamentals · 2026-01-31

Toronto Dominion Bank (TD) fundamentals

Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Commercial Banks, NEC peers listed below that report each metric. Statement values were filed in CAD and are shown converted to USD (flows at the trailing twelve-month average rate, balances at the balance-sheet date rate).

Valuation & Market

MetricTDIndustry medianRank
Market Cap $203.40B $89.28B 3/20
P/E Ratio 7.59x 11.35x 11/15
EPS $15.86 – –
Revenue/Share $52.18 – –

Profitability & Margins

MetricTDIndustry medianRank
ROA 1.9% 1.6% 6/15
Net Margin 31.9% 27.3% 4/12

Cash Flow

MetricTDIndustry medianRank
Operating Cash Flow -$48.19B $2.45B 19/20
OCF Growth YoY -515600.0% -59.2% 16/16

Operational Efficiency

MetricTDIndustry medianRank
Asset Turnover 0.06x 0.05x 5/13
Fixed Assets Turnover 12.4x 13.7x 5/8

Income Statement

MetricTDIndustry medianRank
Total Revenue $88.16B $45.85B 5/13
Net Income $28.08B $11.23B 3/15

Dividend & Shareholder Information

MetricTDIndustry medianRank
Shares Outstanding 1689M – –
Net Income Growth 178.5% 19.1% 1/12
EPS Growth 194.9% 22.1% 1/15

Balance Sheet Highlights (USD millions, converted from CAD)

Cash & Short-term Investments$4.62B
Total Liabilities$1.45T
Quarterly Financial Reports

TD quarterly financials and insider trading

Industry Peers · Commercial Banks, NEC

Toronto Dominion Bank (TD) industry peers

Companies classified under the same SEC industry code as Toronto Dominion Bank (Commercial Banks, NEC): 23 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.

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Company 90-Day AI Forecast (Alpha) Market Cap P/E Ratio P/B Ratio
TD Toronto Dominion Bank ▼ $203.40B 7.6x –
RY Royal Bank Of Canada ▼ $277.04B 11.1x –
MUFG Mitsubishi Ufj Financial Group Inc ▶ $259.67B 25.2x 2.1x
SAN Banco Santander, S.A. ▼ $195.37B 4.8x –
SMFG Sumitomo Mitsui Financial Group, Inc. ▼ $160.23B 2.8x –
BBVA Banco Bilbao Vizcaya Argentaria, S.A. ▼ $146.83B – –
HDB Hdfc Bank Ltd ▼ $121.50B – 281.9x
BMO Bank Of Montreal /Can/ ▼ $118.44B 11.4x –
CM Canadian Imperial Bank Of Commerce /Can/ ▼ $104.22B 9.8x –
ING Ing Groep Nv ▼ $97.09B 4.2x –
LYG Lloyds Banking Group Plc ▼ $81.48B 20.7x –
BCS Barclays Plc ▼ $77.53B 14.5x –
NWG Natwest Group Plc ▼ $70.31B 7.6x –
BSBR Banco Santander (Brasil) S.A. ▼ $20.90B – –
BSAC Banco Santander Chile ▼ $15.40B 1804.3x –
GGAL Grupo Financiero Galicia Sa ▼ $6.02B – –
NTB Bank Of N.T. Butterfield & Son Ltd ▼ $2.34B 12.3x 2.1x
ESQ Esquire Financial Holdings, Inc. ▶ $1.44B 19.7x 4.6x
PGC Peapack Gladstone Financial Corp ▶ $769M 17.3x 1.1x
VBNK Versabank ▶ $710M – –
AVAL Grupo Aval Acciones Y Valores S.A. ▶ N/A – –
DJP Barclays Bank Plc ▼ N/A – –
WBKCY Westpac Banking Corp ▼ N/A – –

Where TD sits on the market map

Finance · Commercial Banks, NEC
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News

Toronto Dominion Bank (TD) stock news

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FAQ

Toronto Dominion Bank (TD) stock forecast FAQ

What is the Toronto Dominion Bank (TD) stock forecast?

Our AI ranks Toronto Dominion Bank outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.

How accurate are Toronto Dominion Bank stock predictions?

For TD, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 61.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 30.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

How often are Toronto Dominion Bank forecasts updated?

Toronto Dominion Bank forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.

Which companies are Toronto Dominion Bank's industry peers?

23 issuers in our coverage, TD included, share the SEC industry code Commercial Banks, NEC. The largest are: Royal Bank Of Canada (RY), Mitsubishi Ufj Financial Group Inc (MUFG), Banco Santander, S.A. (SAN), Sumitomo Mitsui Financial Group, Inc. (SMFG), Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), Hdfc Bank Ltd (HDB).

This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.