TD Bank Cleared To Buy Back Up To C$10 Billion Of Its Shares Starting Friday
Canada's banking regulator approved the program, which is also capped at 61 million common shares.
TD Bank Group said Canada's federal banking regulator approved a share buyback of up to C$10 billion, capped at 61 million common shares, in a release dated Thursday and furnished to the SEC on Form 6-K. Purchases begin October 9, 2026.
What the release says
The Office of the Superintendent of Financial Institutions Canada approved what the bank calls its previously announced "New Buyback." TD may repurchase common shares for cancellation, meaning the shares are retired rather than held.
Two limits apply: C$10 billion in value and 61 million common shares. Whichever is reached first ends the program's capacity.
The cap is authority to buy, not shares already bought. The release does not say how fast TD will purchase or how much it will use.
The bank said in the release that it had $2.1 trillion in assets on July 31, 2026.
What it changes for holders
Approval was the remaining step. A commentary on Yahoo Finance by Bailey Pemberton said the board had proposed the plan pending regulatory sign-off, and that the bank had already retired CA$7,104.8 million of shares in 2026. The commentary put TD's CET1 ratio, a measure of core capital strength, at 14.8%.
TD's U.S.-listed shares closed at $114.04 on Thursday, up 0.15% from $113.87 the session before, according to market data. That move predates the release, which came after the close. The company's market value stood at $186.2 billion.
The buyback starts Friday, October 9, 2026.
Sources
- Form 6-K — TD Bank Group Receives Regulatory Approval for New Share Buyback Program — SEC EDGAR
- What Is Toronto Dominion Bank (TSX:TD) Signaling With A New Share Repurchase Plan? — Yahoo Finance
- TD Bank Group Receives Regulatory Approval for New Share Buyback Program – Company Announcement - FT.com — Financial Times
