Fiserv has appointed Michael P. Lyons, former president of PNC Financial Services Group, as its president and CEO-elect, effective Monday (Jan. 27).Lyons will become CEO and a member of its board of directors when Fiserv Chairman and CEO Frank Bisignano leaves those roles on June 30 or when he is confirmed by the U.S. Senate as the commissioner of the Social Security Administration, Fiserv said in a Thursday (Jan. 23) press release.Until then, Lyons will report to Bisignano, according to the release.“The Bo ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Fiserv (FI) . This company, which is in the Zacks Financial Transaction Services industry, shows potential for another earnings beat.This financial services technology company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarter ...

Core Viewpoint - Payfare Inc. has entered into a definitive arrangement agreement with 1517452 B.C. Ltd., an affiliate of Fiserv, Inc., for the acquisition of Payfare at a purchase price of CA$4.00 per share, representing a total consideration of approximately CA$201.5 million, subject to shareholder and customary approvals [10][11]. Transaction Details - The purchase price represents a premium of approximately 90% to the closing price on the Toronto Stock Exchange (TSX) on December 20, 2024, and a premium of approximately 92% to the 60-day volume weighted average trading price as of that date [5][10]. - The transaction is expected to close in the first half of 2025 and is not subject to a financing condition [4][10]. - Upon closing, the shares of Payfare will cease to be listed on the TSX and the OTCQX, and the company will apply to cease being a reporting issuer under Canadian securities laws [4][10]. Board and Advisory Support - The Board of Directors unanimously approved the transaction after receiving a recommendation from a special committee of independent directors [2][11]. - Fairness opinions were provided by Blair Franklin Capital Partners Inc. and Keefe, Bruyette & Woods Inc., concluding that the transaction consideration is fair from a financial perspective [5][17]. - All directors and senior officers have entered into voting support agreements, representing approximately 11.3% of the issued and outstanding shares of the company [5][14]. Approval Process - The transaction requires approval from 66 2/3% of the votes cast by shareholders and a majority of votes from shareholders excluding certain directors and officers, along with court approval [12][16]. - A special meeting of shareholders will be held to consider and vote on the transaction [13][12]. Company Background - Payfare is a leading international Earned Wage Access (EWA) company providing instant access to earnings and digital banking solutions for workforces [20]. - Fiserv, a global leader in payments and financial technology, aims to enhance financial services through innovation and excellence [21].

The Financial Transaction Services industry is poised to benefit from rising consumer spending and robust e-commerce expansion, supported by greater Internet access and smartphone adoption. The global shift toward digital payments, including innovations like cryptocurrency, biometric authentication and buy now, pay later (BNPL) options, diversifies revenue streams and enhances customer convenience. Growth in cross-border transactions acts as a tailwind. Lower interest rates also support strategic merger and ...

Fiserv, Inc. (FI) stock has had an impressive run in the year-to-date period. Shares of the company have gained 54.2% compared with 23.5% growth of the industry it belongs to and the 30.3% rise in the Zacks S&P 500 Composite.YTD Price Performance Image Source: Zacks Investment Research The company’s revenues are anticipated to increase 6.3% and 8.8% year over year in 2024 and 2025, respectively. Earnings are estimated to rise 16.6% in 2024 and 16.3% in 2025. The company has an estimated long-term (three to ...

Fiserv, Inc. (NYSE:FI) UBS Global Technology and AI Conference December 4, 2024 4:15 AM ET Company Participants Bob Hau - CFO Conference Call Participants Tim Chiodo - UBS Tim Chiodo All right. Great. We're going to get started. My name is Tim Chiodo. I'm the lead payments processors and fintech analyst here at UBS. I want to start by saying thank you to the Fiserv team. With us here on stage, we have Bob Hau, who is the CFO. Also joining us here is Julie Chariell from the SVP or Head of Investor Relations. ...

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Fiserv, Inc. (FI) shares have surged 73.3% in the past year, outperforming the industry and the Zacks S&P 500 composite’s growth of 31.8% and 32.4%, respectively.One Year Price Performance Image Source: Zacks Investment Research Fiserv reported mixed third-quarter 2024 results. FI’s adjusted earnings per share (excluding $1.3 from non-recurring items) of $2.3 beat the consensus mark by 2.2% and gained 17.4% year over year. Adjusted revenues of $4.9 billion missed the consensus estimate by a slight margin bu ...

It has been about a month since the last earnings report for Fiserv (FI) . Shares have added about 7.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Fiserv due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Fiserv Beat Q3 Earnings EstimatesFiserv has reported mixed ...