Toronto-Dominion Bank (NYSE:TD) stands out in the banking industry, with extensive operations across Canada and the United States. The bank competes with other major banks like Royal Bank of Canada and Bank of Montreal, offering a wide array of financial services including retail banking, wealth management, and capital markets.
On December 4, 2025, Jefferies maintained its "Hold" rating for TD, with the stock priced at $86.19. Jefferies also raised TD's price target to C$130 from C$125, as highlighted by TheFly. This update comes amid TD's strong financial performance, particularly in its US retail, wealth management, and capital markets segments.
TD reported impressive financial results for the fiscal fourth quarter, with adjusted diluted earnings per share reaching C$2.18, surpassing the consensus estimate of C$2.01. The bank's adjusted revenue was approximately C$16 billion, exceeding analyst forecasts of around C$15.49 billion. This strong performance is reflected in the stock's current price of $86.06, marking a 2.00% increase.
The bank's net income for the quarter was C$3.28 billion, with diluted earnings per share of C$1.82. Although this is a decrease from the previous year's C$3.64 billion and C$1.97 per share, the adjusted net income increased to C$3.91 billion from C$3.21 billion. TD's Canadian Personal and Commercial Banking segment recorded a net income of C$1.87 billion, a 2% increase year-over-year.
