Share Dec 2, 2025 8:15 AM Eastern Standard Time BAFS Announces Integration with Portico from Fiserv Share With the BAFS and Portico integration, credit unions can fuel their commercial lending strategy and streamline loan lifecycles with intuitive dashboards, compliance-informed workflows and access to real-time portfolio insights designed for efficiency and clarity. The platform supports institutions across the full lending lifecycle, from origination and underwriting to servicing and compliance. It can al ...

Core Insights - The conference features the management team from Fiserv, including CEO Mike Lyons and new CFO Paul Todd [1] Group 1: Company Overview - The session will recap changes and insights from Mike Lyons regarding the company this year [2] - Discussions will include revenue decisions and new targets set by the company [2] Group 2: Segment Focus - The presentation will cover specifics on the two segments: Financial Solutions and Merchant Solutions [2] Group 3: Financial Strategy - The management will address financial aspects such as CapEx related to the One Fiserv initiative, divestitures, and capital allocation [2]

Summary of Fiserv (NYSE:FI) 2025 Conference Call Company Overview - **Company**: Fiserv - **Industry**: Financial Technology and Payment Processing Key Points Company Review and Strategic Changes - The management team, including CEO Mike Lyons and CFO Paul Todd, discussed a comprehensive review of the company initiated in Q3, focusing on technology, operations, competitive positioning, and financials [5][6] - The review revealed a culture of short-termism and underinvestment, prompting a shift towards balancing short-term and long-term initiatives [4][8] - Adjustments to guidance were made based on four key factors, including the performance of businesses relative to expectations and client feedback regarding product experience [6][7] Revenue Decisions - Fiserv made specific revenue decisions impacting the second half of the year, including price reductions in digital payments and a strategic shift towards recurring revenue [10][12] - The company reversed previous pricing strategies on debit networks Star and Excel to attract new clients [12][13] - License sales were intentionally limited to focus on long-term value rather than short-term gains [12][14] Capital Expenditures and Investments - Fiserv plans to increase capital expenditures from approximately $1.5 billion to $1.8 billion, primarily for technology improvements and resiliency initiatives [19][20] - The expected CapEx for 2026 is projected to remain at a high single-digit percentage of revenue [19][20] Financial Solutions Segment - Fiserv serves as the core banking platform for about 3,500 institutions in the U.S., with a focus on modernizing its core systems [23][24] - The company is transitioning from 11 credit union cores to 6, with plans to further reduce to 2 modern cores, emphasizing no forced conversions for existing clients [26][27] - The emphasis is on enhancing customer experience and demonstrating the value of new cores to retain clients [28][29] Merchant Solutions Segment - The Merchant Solutions segment, particularly the SMB portion, has faced revenue declines, attributed to factors including dynamics in Argentina [30][32] - Fiserv aims to strategically manage the transition from non-Clover to Clover products, focusing on value propositions rather than forced migrations [33][35] - Clover is positioned as the primary growth platform for small businesses, with expected revenue growth rates of 15-20% [36][38] Margin Expectations - Merchant margins were down approximately 50 basis points year-over-year, with expectations for overall margins in the range of 33%-35% for the next fiscal year [40][42] Share Buyback and Capital Allocation - Fiserv plans to utilize free cash flow for share repurchases, maintaining a debt leverage ratio of 2.5 to 3 times [44] Sales Strategy and Hiring - The company has approximately 600 quota-carrying salespeople focused on SMB and Clover, with plans for continued growth in this area [46][48] - Fiserv's distribution strategy leverages partnerships with banks and ISOs, which are seen as a competitive advantage [48][49] Additional Insights - The management acknowledged past shortcomings in managing client communications regarding core migrations and emphasized a commitment to improving customer experience [28][29] - The focus on long-term value creation over short-term revenue maximization is a central theme in the company's strategic direction [12][14]

Core Insights - Fiserv (FISV) has adjusted its expectations in the Q3 2025 earnings release, leading to a negative market reaction and stock penalty [1] Company Overview - Fiserv is identified as a global payment and fintech company [1] Financial Performance - The company has reset its guidance, which has impacted its stock performance negatively [1] Investment Strategy - The investment approach focuses on high-growth opportunities across various industries, emphasizing robust business models and strategic foresight [1] - The discounted cash flow (DCF) valuation methodology is primarily employed, with adaptability to various valuation techniques [1] - Business model frameworks from institutions like Harvard Business School are utilized for in-depth analysis [1] Long-term Growth Potential - The analysis aims to ensure a comprehensive understanding of a company's intrinsic value and strategic positioning within its industry landscape [1] - The focus is on facilitating informed investment decisions with an emphasis on long-term growth potential and risk mitigation [1]

Core Viewpoint - Fiserv, Inc. is facing a class action lawsuit due to allegations of misleading investors regarding its financial growth in 2025, particularly after revising its revenue guidance and subsequently reporting disappointing financial results [1][2][3]. Summary by Sections Company Overview - Fiserv, Inc. is a global payments and financial technology provider based in Milwaukee, Wisconsin [1]. Class Action Details - The class period for the lawsuit is from July 23, 2025, to October 29, 2025 [1]. - The lawsuit was filed on behalf of investors who purchased Fiserv shares during this period [1]. Allegations - In July 2025, Fiserv revised its 2025 guidance, lowering its organic revenue growth expectations due to a review of new initiatives and products [2]. - The company claimed that despite delays in certain initiatives, they were fundamentally sound [2]. - The complaint alleges that these representations were false and misleading [3]. Financial Impact - On October 29, 2025, Fiserv announced disappointing third-quarter results and acknowledged that its July guidance was based on assumptions that were difficult to achieve [3]. - Following this announcement, Fiserv's stock price dropped by $55.57 per share, or 44%, from $126.17 on October 28, 2025, to $70.60 on October 29, 2025 [3]. Next Steps for Shareholders - Shareholders interested in participating in the class action must submit their papers by January 5, 2026 [4]. - Shareholders can choose to remain absent from the case while still being eligible for recovery [4]. Legal Representation - Robbins LLP is leading the class action and operates on a contingency fee basis, meaning shareholders pay no fees or expenses unless they recover losses [5].

SAN FRANCISCO, Nov. 21, 2025 (GLOBE NEWSWIRE) -- On November 7, 2025, The Wall Street Journal reported that Senate Democrats are demanding information related to Fiserv, Inc.’s (NYSE: FI) former CEO and Chairman Frank Bisignano after the company said that it wouldn’t reach financial forecasts set by its former boss. The lawmakers reportedly are seeking information about “Bisignano’s role in developing and approving [Fiserv’s] financial forecasts, his focus on short-term initiatives within the company and an ...

Core Viewpoint - Senate Democrats are investigating Fiserv, Inc. and its former CEO Frank Bisignano regarding potential mismanagement and misleading financial forecasts that led to a significant drop in share price [1][2][7] Financial Performance and Guidance - Fiserv revised its 2025 organic revenue guidance to 10% on July 23, 2025, which was the low end of its previous range, and adjusted its EPS guidance upward to $10.15 [4] - On October 29, 2025, Fiserv reported a sequential decline in Q3 2025 adjusted revenue, slashed organic revenue growth expectations to 3.5%-4%, and reduced EPS outlook to $8.50-$8.60 [5][6] - The company's share price fell over $59 in intraday trading, resulting in a loss of $32 billion in shareholder value in a single day [7] Legal and Regulatory Actions - A securities fraud class action has been filed against Fiserv, with the lead plaintiff deadline set for January 5, 2026, focusing on the company's statements about its business and growth prospects [3] - Lawmakers are seeking information on Bisignano's role in financial forecasting and any internal reviews related to financial guidance [2]

Core Viewpoint - Senate Democrats are investigating Fiserv, Inc. and its former CEO Frank Bisignano regarding potential mismanagement and misleading financial forecasts that led to significant investor losses [2][7]. Group 1: Financial Performance and Forecasts - Fiserv's stock price dropped 47% on October 29, 2025, following the release of Q3 2025 financial results, which were described as "abysmal" by analysts [2][5]. - The company revised its organic revenue growth expectations down to 3.5%-4% from a previously higher forecast, and adjusted its EPS outlook to $8.50-$8.60 [5][6]. - Fiserv's new CEO, Michael Lyons, indicated that previous growth assumptions were overly optimistic and difficult to achieve, leading to a reassessment of the company's financial guidance [6][7]. Group 2: Legal Actions and Investigations - A securities fraud class action lawsuit has been filed against Fiserv, representing investors who acquired securities between July 23, 2025, and October 29, 2025 [3][4]. - The investigation focuses on whether Fiserv misled investors regarding its business and growth prospects, particularly in light of the drastic share price decline [7][8]. - Hagens Berman is actively seeking information from investors who suffered losses and is investigating the claims related to Fiserv's financial disclosures [2][9].

Core Viewpoint - Fiserv, Inc. is facing a class action lawsuit due to allegations of misleading investors regarding its financial growth in 2025, particularly after revising its revenue guidance and subsequently reporting disappointing financial results [1][2][3]. Summary by Sections Company Overview - Fiserv, Inc. is a global payments and financial technology provider based in Milwaukee, Wisconsin [1]. Class Action Details - The class period for the lawsuit is from July 23, 2025, to October 29, 2025 [1]. - The lawsuit was filed on behalf of all investors who purchased or acquired Fiserv shares during this period [1]. Allegations - In July 2025, Fiserv revised its 2025 guidance, lowering its organic revenue growth expectations due to a review of its new initiatives and products, referred to as a "re-underwriting" [2]. - The company claimed that despite delays in certain initiatives, they were fundamentally sound [2]. - The complaint alleges that these representations were false and misleading [3]. Financial Impact - On October 29, 2025, Fiserv announced disappointing third-quarter 2025 results and acknowledged that its July guidance was based on assumptions that were difficult to achieve [3]. - Following this announcement, Fiserv's stock price fell by $55.57 per share, or 44%, from $126.17 on October 28, 2025, to $70.60 on October 29, 2025 [3]. Next Steps for Shareholders - Shareholders interested in participating as lead plaintiffs must submit their papers by January 5, 2026 [4]. - Shareholders can choose to remain absent class members if they do not wish to participate [4].

Core Viewpoint - A class action lawsuit has been filed against Fiserv, Inc. for allegedly violating federal securities laws by issuing false and misleading statements regarding its business and financial health, leading to a significant decline in stock price and market value [1][2]. Group 1: Allegations and Impact - The lawsuit claims that Fiserv's management, including the CEO and CFO, overstated growth potential and provided unrealistic financial guidance between July 23 and October 28, 2025 [2]. - Following a drastic cut in forecasts and poor third-quarter results, Fiserv's stock price dropped by 44%, resulting in an approximate loss of $30 billion in market value [2]. - Investors were reportedly misled by positive statements about the company's strategic direction, which later proved to be unattainable, necessitating a major overhaul in leadership and business strategy [2]. Group 2: Legal Proceedings - The lawsuit is filed in the Eastern District of Wisconsin under the case name Lombard v. Fiserv, Inc., et al., and is on behalf of all investors who purchased Fiserv stock during the specified class period [3]. - Investors who acquired Fiserv stock during the class period may seek to be appointed as lead plaintiffs, with a deadline for such motions set for January 5, 2026 [4]. - Participation as a lead plaintiff is not required to share in any potential recovery from the lawsuit [5].