EPA:BNPP.PA News 5 February 2026

February 5, 2026, 1:04 PM EST. Toronto-Dominion Bank (TSX:TD) posted a remarkable 76% total return in 2025 despite challenges, including a $430 billion asset cap on its U.S. retail segment imposed by the U.S. Department of Justice in 2024. This cap limits growth potential in its key U.S. market. Canadian operations face margin pressures from falling interest rates, while the investment banking division remains too small to significantly influence overall earnings. Valued at 15.5 times adjusted earnings, TD trades on par with Canadian banking peers but offers a more attractive profile amid high multiples in U.S. tech stocks and volatility in energy sectors. Investors seeking stability might find TD compelling, though its capacity to outperform the market again in 2026 remains uncertain.