National Bank analyst Gabriel Dechaine upgraded The Toronto-Dominion Bank (TD) to Outperform and set a C$134 price target on December 18. TD announced a 3% increase in quarterly dividend to C$1.08 per share on December 4, despite restructuring costs. TD’s earnings climbed, supported by capital markets activity and volume growth in Canadian banking, expecting adjusted earnings per share to grow between 6% and 8% in fiscal 2026. Raymond Chun, TD’s president and CEO, sees the dividend increase as a sign of confidence in the bank’s growth and earnings power. TD offers a range of products and services, including investing, mortgages, everyday banking, and small business solutions, supported by its online banking platform. Despite potential as an investment, some believe certain AI stocks offer greater upside potential and less downside risk.

Read more at Yahoo Finance: National Bank Turns More Positive on Toronto-Dominion Bank (TD)