TD Bank to Repurchase Up to $10 Billion in Shares Through July 2027

Key Facts

1Toronto-Dominion Bank plans to repurchase up to 61 million of its common shares by July 2027.

2The proposed buyback represents approximately 3.74% of the bank's outstanding common shares as of August 31.

Toronto-Dominion Bank announced plans to repurchase up to 61 million of its common shares in a program valued at approximately $10 billion. Proactive Investors reported that the buyback represents about 3.74% of the bank's outstanding shares as of August 31, with the initiative expected to be completed by July 2027.

The new program follows a previous repurchase effort launched in January 2026, during which the bank spent $7 billion to buy back 47.2 million shares. This current proposal remains subject to approval from the Office of the Superintendent of Financial Institutions Canada, and the bank intends to cancel all repurchased shares to return capital to investors.