Toronto-Dominion Bank (TD) Q2 Profit Falls on Higher Loan-Loss Provisions

Toronto-Dominion Bank reported a decline in second-quarter profit on May 28, 2026, as rising provisions for credit losses weighed on performance. Net income fell to C$2.1 billion, or C$1.15 per share, from C$2.3 billion, or C$1.25 per share, a year earlier, missing the average analyst estimate of C$1.25 per share. Provisions for credit losses jumped to C$800 million from C$600 million a year ago, reflecting a cautious macroeconomic outlook. The bank's Canadian personal and commercial banking unit posted moderate revenue growth, but weakness in its U.S. retail segment offset gains. TD's common equity tier 1 ratio remained stable at 12.5%.