10:18 AM EDT, 08/29/2025 (MT Newswires) -- Toronto-Dominion Bank ( MLWIQXX ) posted "solid" fiscal Q3 results mainly due to higher-than-estimated results across most segments, especially Canada personal and commercial banking, RBC Capital Markets said in a note Friday.

The segment's earnings were about 1.95 billion Canadian dollars ($1.42 billion), topping RBC's CA$1.83 billion forecast mostly because impaired provision for credit losses of CA$376 million was lower than the RBC's CA$516 million estimate.

RBC said the bank's adjusted earnings per share of CA$2.20 beat the firm's CA$2.18 forecast and the consensus of CA$2.05.

"We think the earnings power of TD is becoming clearer with every passing quarter," the firm said.

RBC maintained the bank's sector perform rating and price target of CA$93.

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