11:40 AM EDT, 07/23/2025 (MT Newswires) -- Fiserv ( FI ) shares fell nearly 18% in recent Wednesday trading after striking a deal with Toronto-Dominion Bank ( MLWIQXX ) and reporting its Q2 results.

Fiserv ( FI ) has signed an agreement to buy a part of TD Bank's merchant processing business in Canada for an undisclosed fee, the companies said Wednesday.

The companies also said they have signed a managed services agreement under which TD's merchant business will use Fiserv ( FI ) technology, including its point-of-sale system Clover.

Fiserv ( FI ) reported Q2 adjusted EPS Wednesday of $2.47 per share, up from $2.13 a year earlier. Analysts polled by FactSet expected $2.44. Revenue for the quarter was $5.52 billion, up from $5.11 billion a year earlier. Analysts polled by FactSet expected $5.19 billion.

Fiserv ( FI ) said it now expects 2025 organic revenue growth guidance of about 10% and adjusted EPS of between $10.15 and $10.30. In its Q1 earnings release on April 24, the company expected organic revenue growth of between 10% and 12% and adjusted EPS of between $10.10 and $10.30.

Price: 136.70, Change: -29.28, Percent Change: -17.64