02:52 PM EDT, 09/29/2025 (MT Newswires) -- Toronto-Dominion Bank ( MLWIQXX ) (TD.TO, TD), Canada's second-largest bank by market value, in a much-awaited presentation to investors on Monday reintroduced financial targets that were suspended last year and laid out plans to further cut costs and return capital to shareholders, The Wall Street Journal has reported.

"While our business is strong, we are committed to regaining leading performance," President and Chief Executive Raymond Chun said in slides accompanying his presentation.

For the 2026 fiscal year, The WSJ noted TD said it is targeting annual growth in adjusted earnings per share of 6-8% and an adjusted return on equity of about 13%. MT notes it also targets a CET1 Ratio of 13%; Adjusted Expense Growth of 3-4%; and a PCL ratio of 40-50 basis points.

In all, The WSJ noted, the bank said it expects to return some C$15 billion to shareholders in the next fiscal year, helped by money raised from sale of its stake in Charles Schwab. Of that sum, MT notes, $8 billion will be returned via share buybacks and $7 billion in common dividends. This is after returning about C$13.4 billion through buybacks and dividends in the current year that concludes at the end of October.

In the medium term, The WSJ noted, the bank said it was aiming for adjusted per-share earnings growth of 7-10% by fiscal 2029 and an adjusted return on equity of about 16%.

The WSJ also noted restructuring and other efforts are expected to deliver between $2 billion and $2.5 billion in annualized cost savings over the medium term, including about $1.1 billion the bank expects to save in the 2027 to 2028 years.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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