TD Bank Launches $10 Billion Share Buyback Program

TD Bank Group will begin a share buyback program on October 9, 2026, following approval from the Office of the Superintendent of Financial Institutions Canada. The bank intends to repurchase and cancel up to 61 million of its shares, with a total value of up to $10 billion, by July 2027.

This program targets up to 3.74 percent of the bank's issued and outstanding shares as of August 31. By reducing its equity base, the institution aims to improve its return on equity and earnings per share, which serve as primary ratios for evaluating the bank's financial health.