Toronto Dominion Bank Rating Upped to Hold Amid Mixed Earnings

Equities researchers at Wall Street Zen have upgraded their rating on Toronto Dominion Bank (NYSE:TD) from 'sell' to 'hold', indicating a more neutral outlook for the company. This change reflects shifting analyst opinions, as other firms such as Weiss Ratings and Royal Bank Of Canada have also issued upgrades in recent months.

The upgrade comes amidst mixed earnings reports from TD, which posted $1.74 EPS for Q2 2026, beating expectations by $0.11. Revenue of $11.80 billion fell short of the consensus estimate due to a 31.1% decline year-over-year.

Hedge funds and institutional investors have been actively trading in TD's stock, with some like Harvest Fund Management Co. Ltd and Brown Lisle Cummings Inc. increasing their holdings in Q2 2026.