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MOUNT LAUREL, N.J. - TD Bank, a financial institution with a robust market capitalization of $137.55 billion and a GOOD financial health score according to InvestingPro, announced Wednesday it has activated its TD Cares program to provide financial relief to federal employees, contractors, and clients affected by the ongoing U.S. government shutdown.
The program offers eligible impacted customers several forms of assistance, including refunds on overdraft fees, non-TD ATM fees, and monthly maintenance charges. The bank, which has raised its dividend for 15 consecutive years and maintains a healthy 3.78% dividend yield, will also waive early withdrawal penalties on certificates of deposit for those needing access to their funds during this period.
Customers with TD Bank Visa credit cards may qualify for late fee refunds by contacting TD Credit Card Assistance. Additionally, the bank is offering short-term relief options for those struggling to make mortgage, home equity, personal, or auto finance loan payments due to shutdown-related financial hardship.
Commercial and small business clients affected by the shutdown may also be eligible for fee refunds on loans or lines of credit, according to the bank’s statement.
"Clients with questions can visit a TD Bank Store or call TD’s 24/7 live phone support to learn more about the TD Cares program and any restrictions or conditions that may apply," the bank stated in its press release.
TD Bank, a subsidiary of The Toronto-Dominion Bank (NYSE:TD), operates approximately 1,100 locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida, serving over 10 million customers with retail, small business and commercial banking services. The stock has delivered an impressive 55.81% return year-to-date and is currently trading near its Fair Value according to InvestingPro, which offers 8 additional exclusive insights about TD’s financial outlook and market position in its comprehensive Pro Research Report.
In other recent news, Toronto-Dominion Bank reported its third-quarter earnings for 2025, surpassing analyst expectations. The bank achieved an earnings per share of $2.2, exceeding the forecasted $2.04, which represents a 7.84% positive surprise. Additionally, TD Bank’s revenue reached $15.61 billion, surpassing the anticipated $13.73 billion and marking a surprise of 13.69%. These results highlight the bank’s strong performance in the recent quarter.
Furthermore, BMO Capital has raised its price target for Toronto-Dominion Bank to C$107.00 from C$102.00, maintaining an Outperform rating on the stock. This adjustment follows TD Bank’s investor day, where the bank reinstated its medium-term earnings per share growth target of 7-10% and set a return on equity target of approximately 16% based on a CET1 ratio of 13%. These developments indicate a positive outlook from BMO Capital regarding TD Bank’s future performance.
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