Toronto-Dominion Bank Names John B. MacIntyre as New Chair, Analysts Project Potential Downside in Share Price

TD Bank names John B. MacIntyre as new chair, succeeding Alan MacGibbon in September 2025. MacIntyre, a finance and risk management expert, currently chairs the human resources committee. Analysts predict an average price target of $71.79 for TD shares, with a potential downside of 4.20%. The bank holds an "Outperform" consensus recommendation with a 2.3 rating from brokerage firms.

Toronto-Dominion Bank (TD) has appointed John B. MacIntyre as the new chair of its board of directors, effective September 1, 2025. MacIntyre succeeds Alan MacGibbon, who will retire on that date. This appointment comes amidst significant changes at the bank, including a broader makeover to comply with a U.S. government-ordered anti-money laundering remediation program [2].

MacIntyre brings a wealth of experience in financial services, global capital markets, technology, and risk management. He is a veteran director, having served on various boards, including those of Park Lawn Corporation, HomeEquity Bank, and Softchoice Corporation. His appointment is expected to bolster the board's oversight and support long-term value creation [1].

The appointment of MacIntyre follows the bank's recent changes in leadership, including the expedited exit of CEO Bharat Masrani and the appointment of Raymond Chun as interim CEO. These changes reflect TD's efforts to address regulatory concerns and strengthen its governance [2].

Analysts predict an average price target of $71.79 for TD shares, with a potential downside of 4.20%. The bank holds an "Outperform" consensus recommendation with a 2.3 rating from brokerage firms [3].

TD Bank's stock performance has been mixed over the past month, with a gain of 3.22% despite lagging the broader Finance sector and S&P 500 indices. The bank's earnings report, scheduled for August 28, 2025, will provide more insights into its financial health [3].

References:
[1] https://stories.td.com/ca/en/news/2025-07-28-td-bank-group-names-new-board-chair
[2] https://www.cp24.com/news/money/2025/07/28/td-bank-names-john-macintyre-board-chair/
[3] https://finance.yahoo.com/news/toronto-dominion-bank-td-stock-221502670.html