TD
The Toronto-Dominion Bank$119.29
-0.14%LiveJun 18, 2026
Market cap
$201.54B
52w range
70.50 – 120.27
P / E
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EPS
—
Volume
2.92M
Revenue · FY
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Explain this page
Arphra AIPlain-English read on The Toronto-Dominion Bank’s valuationEarnings-call language
How TD management's narrative shifts across quarters — theme emphasis, emerging vs fading terms, and an AI tone read.
Across 8 calls (FY24 Q2→FY26 Q1), management's language leaned most into margins & cost (+3.9/1k words) and away from ai & automation. Newly prominent: basis, banking, ratio.
AI tone read
Theme emphasis by quarter
Mentions per 1,000 words · FY24 Q2 → FY26 Q1
| Theme | FY24 Q2 | FY24 Q3 | FY24 Q4 | FY25 Q1 | FY25 Q2 | FY25 Q3 | FY25 Q4 | FY26 Q1 |
|---|---|---|---|---|---|---|---|---|
| AI & automation | 4.1 | 1.2 | 1.6 | 1.2 | 4.6 | 3.1 | 2.7 | 2.0 |
| Tariffs & trade | · | · | · | · | 1.5 | 1.2 | · | · |
| Demand | · | · | · | · | · | · | · | · |
| Macro & uncertainty | · | · | · | 1.2 | 1.2 | · | 1.2 | · |
| Margins & cost | · | · | 1.7 | 1.4 | · | 1.2 | · | 3.9 |
| Guidance | · | · | · | 1.3 | · | · | · | · |
| Restructuring | · | · | · | · | 1.5 | · | 1.4 | · |
| Supply chain | · | · | · | · | · | · | · | · |
Emerging language
Rising vs prior quarters
basis +3.2banking +2.9ratio +2.6expense +2.3investor +2.3loan +2.3earnings +2.2management +2.2
Fading language
Falling vs prior quarters
expect -2.3higher -2.2kelvin -1.4expenses -1.3portfolio -1.3ajai -1.1impact -0.7businesses -0.7
Source: per-call keyword index (earnings_transcripts). Frequencies are normalised per 1,000 words so quarters are comparable. Read the full calls on the TD earnings tab.