Fiserv(US:FI) Globenewswire·2025-11-12 22:45Core Viewpoint - Senate Democrats are investigating Fiserv, Inc. due to concerns over the company's financial forecasts and the role of its former CEO Frank Bisignano, following a significant drop in share price after disappointing Q3 2025 results [1][2]. Financial Performance - Fiserv's Q3 2025 results were described as "abysmal," leading to a 47% decline in share price on October 29, 2025, which resulted in a loss of $32 billion in shareholder value in a single day [2][7]. - 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]. Legal and Regulatory Actions - A securities fraud class action has been filed against Fiserv, focusing on the accuracy of the company's statements regarding its business and growth prospects during the class period from July 23, 2025, to October 29, 2025 [3][4]. - Lawmakers are seeking information on Bisignano's involvement in financial forecasting and whether he misled investors about the company's financial health [2][6]. Management Changes - Following the poor financial results, Fiserv announced a leadership shakeup, including the departure of its CFO and changes to the board of directors, effective January 1, 2026 [5][6]. Investor Sentiment - The market reacted negatively to Fiserv's revised guidance and management's admission of overly optimistic assumptions, raising questions about the company's transparency and management effectiveness [6][7].