Fiserv (FI), a major player in the fintech market, has recently seen several noteworthy changes. While some reports indicate a slowing growth, particularly with the company's Clover payment platform, others maintain a positive outlook. A partnership with
U.S. Bank aimed at delivering enhanced credit card solutions and the initiation of coverage by
Truist Securities with a buy rating offer promising prospects. A major development involves the complete ownership of
AIB Merchant Services, a leading European payment processor. There are mixed reactions from analysts, however, with Jefferies and UBS lowering their price targets despite maintaining their ratings for the stock. Leadership transitions have been made with the appointment of
Michael P. Lyons as the new CEO. The earnings report shows strong performance with Q1 earnings exceeding expectations and 22% EPS jump. Despite CFO's comments about slow growth, highlights also include establishing a massive 427,000 sq ft fintech hub in Kansas, thereby creating 2,000 tech jobs, and the acquisition of business across the
Asia-Pacific Region through Pinch Payments.
Fiserv FI News Analytics from Wed, 08 Jan 2025 08:00:00 GMT to Thu, 12 Jun 2025 13:46:01 GMT -
Rating 4
- Innovation 5
- Information 7
- Rumor -3
