1111 GMT - TMX Group logged a steady third quarter, with the exchange operator's ongoing revenue diversification offsetting general economic concerns, Raymond James' Stephen Boland says. Revenue of C$419 million was ahead of C$409 million consensus forecast of analysts and the C$417 million Raymond James expected, while adjusted EPS at C$0.52 was slightly ahead of the C$0.49 consensus view and Raymond James's C$0.51 call. Boland says revenue was driven by a strong performance in several segments, including derivative trading, TMX Trayport, capital formation, and TMX VettaFi. Still, while Raymond James is sticking with an outperform recommendation, its target on the shares falls to C$59 from C$62.50. (robb.stewart@wsj.com)
(END) Dow Jones Newswires
October 28, 2025 07:11 ET (11:11 GMT)
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