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Royal Bank of Canada and Toronto-Dominion Bank have reported robust third-quarter profits that exceeded market expectations, driven by strength in capital markets and wealth management. The results highlight solid performance across Canada’s largest financial institutions amid broader economic conditions.
African payments processor Verve Group saw its stock plummet after reporting slower-than-expected second-quarter growth, prompting investor concern over near-term expansion trajectories.
Payment network operator Verve Group reported a 6.5% increase in second-quarter revenue and reaffirmed its annual guidance, though investors sold off shares following the announcement. The divergence highlights market caution despite the company's stated financial stability.