Scotiabank Lifts PT on The Toronto-Dominion Bank (TD) to C$142 From C$132

Core Viewpoint - The Toronto-Dominion Bank (NYSE:TD) is currently considered one of the best undervalued stocks for investment, supported by positive analyst ratings and strong financial performance [1]. Financial Performance - For the first quarter ended January 31, 2026, The Toronto-Dominion Bank reported earnings of $4.0 billion, reflecting a 45% increase compared to the same period last year. Adjusted earnings were $4.2 billion, up 16% [3]. - The reported diluted earnings per share were $2.34, compared to $1.55 in the prior year, while adjusted diluted earnings per share reached $2.44, up from $2.02 [3]. - The bank achieved record adjusted earnings and significant year-over-year growth in adjusted return on equity, indicating strong momentum across its business segments [3]. Analyst Ratings - Following the financial results release, Scotiabank raised its price target for The Toronto-Dominion Bank to C$142 from C$132, maintaining a Sector Perform rating [2]. - CIBC also increased its price target to C$140 from C$136, reiterating a Neutral rating on the shares [2][7]. Business Segments - The Toronto-Dominion Bank operates in several segments, including Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, Wholesale Banking, and Corporate [4].