Fiserv Loses Nearly Half Its Market Cap After ‘Abysmal’ Quarter

“Abysmal.” “Difficult to comprehend.” “Impossible to sugarcoat.” These are not the words of film critics directed at a tedious new box office bomb. They’re how analysts at BTIG, Jefferies and William Blair described the third-quarter results of fintech Fiserv. It may not be Steven Spielberg’s idea of cinema, but on Wall Street, it was a Halloween horror show. Shares in the company fell 43% Wednesday; Fiserv’s worst one-day drop on record had been 19.5%. SUBSCRIBE:  Receive more of our free The Daily Upsid ...