From Financial Modeling Prep: 2025-05-23 10:00:00

Toronto-Dominion Bank (NYSE:TD) stock surged by 3.2% on May 22, 2025, following a strong Q2 earnings report. National Bank maintained a “Sector Perform” rating on TD with a price target increase to C$98. Q2 2025 revenue was C$15.1 billion, with net income up 334% due to a one-time gain from selling equity in The Charles Schwab Corporation.

Despite challenges in adjusted net income, TD’s strategic cost-saving initiatives and revenue growth drove a successful Q2 2025 performance. The bank reported a 2% year-over-year increase in net loans and a ~5% rise in total assets. Adjusted net income for the quarter was C$3.6 billion, slightly lower than Q2 2024 but exceeding analyst estimates.

TD’s ongoing restructuring plan, which includes a 2% workforce reduction and real estate optimization, is expected to save C$600 million annually pre-tax. These efforts, combined with strong revenue growth, have boosted investor confidence in the bank’s long-term prospects, leading to a stock outperformance on May 22, 2025.



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