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Fiserv, Inc. - FI STOCK NEWS

Welcome to our dedicated page for Fiserv news (Ticker: FI), a resource for investors and traders seeking the latest updates and insights on Fiserv stock.

Fiserv, Inc. (NASDAQ: FI) is a prominent American multinational corporation headquartered in Brookfield, Wisconsin. With a rich history in the financial technology sector, Fiserv provides a broad range of services to banks, credit unions, securities broker-dealers, mortgage companies, insurance firms, leasing and finance companies, and retailers.

As a leading provider of core processing and complementary services, Fiserv specializes in electronic funds transfer, payment processing, and loan processing. These services are critical for small and midsize banks and credit unions, helping them manage their day-to-day operations efficiently.

In 2019, Fiserv significantly expanded its capabilities by merging with First Data, a move that strengthened its position in the payment processing sector, particularly for merchants. This merger has allowed Fiserv to offer a more comprehensive suite of payment solutions and enhance its service offerings.

Despite being primarily focused on the US market, approximately 10% of Fiserv's revenue is generated from international operations. This global reach ensures that the company remains a key player in the financial technology landscape worldwide.

Fiserv's dedication to innovation and customer satisfaction has led to numerous recent achievements. The company continues to invest in new technologies and partnerships to stay ahead in the competitive fintech market. Current projects include the development of advanced payment solutions, improved security measures, and enhanced digital banking platforms.

Financially, Fiserv maintains a strong position with consistent revenue growth and robust financial health. The company's strategic initiatives and operational efficiencies contribute to its long-term stability and growth potential.

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Fiserv, Inc. (FI) will announce its Q4 and full-year financial results before the market opens on February 6, 2023. The company will discuss the results in a live webcast at 7 a.m. CT on the same day. Investors can access the webcast and supplemental financial information on the Fiserv website. A replay will be available approximately one hour after the live webcast.
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Fiserv, Inc. (FI) launches the Fiserv Small Business Index, a first-of-its-kind indicator for assessing the performance of small businesses in the United States at national, state, and industry levels. The index will be published during the first week of each month, delivering timely insights based on consumer spending activity, providing a reliable new signal of the performance of U.S. small businesses. According to the December 2023 Fiserv Small Business Index, spending at small businesses ended the year with a modest upswing, with an index of 138, a +0.6% month-over-month increase from November and a +2.6% year-over-year increase compared to December 2022.
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Fiserv, Inc. (NYSE: FI) announced that Jennifer LaClair will lead Global Business Solutions from January 1, 2024, succeeding Suzan Kereere. Rick Singh will join as Enterprise Growth Officer in mid-January 2024. Chris Foskett will continue as Vice Chairman overseeing Sales and Relationship Management. The changes aim to enhance progress and highlight leadership development.
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BentoBox (BB) released its 2023 Restaurant Trend Report, highlighting the industry's growth in spending, restaurant openings, and other key trends. As the Official Restaurant Technology Partner of the James Beard Foundation (JBF), BentoBox's report provides valuable insights into the industry's recovery from challenges like high inflation and labor shortages.
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Fiserv, Inc. (NYSE: FI) provides a preliminary 2024 outlook of 11% to 13% organic revenue growth and adjusted EPS growth of 13% to 17%. The company also expects medium term organic revenue growth of 9% to 12% and adjusted EPS growth of 14% to 18%. Fiserv affirms its 2023 financial outlook of 11% organic revenue growth and adjusted EPS growth of 15% to 16%. The company's Investor Conference will feature presentations on strategic and growth plans for the next several years.
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Fiserv, Inc. (NYSE: FI) has been recognized for its ongoing commitment to providing career opportunities to U.S. military veterans. Fiserv received the top place in the Military Times Best for Vets: Employers Survey for 2023 and was named one of Forbes America’s Best Employers for Veterans for the third consecutive year. The company's Fiserv Salutes strategy provides the military community with career opportunities, educational resources, and business solutions for military-owned businesses.
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Fiserv, Inc. will host its Investor Conference on November 15, 2023, featuring presentations from senior management and providing strategic and financial updates. The event will include a financial outlook from CFO Bob Hau and a Q&A session with CEO Frank Bisignano and Hau.
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BentoBox announces its second annual National Restaurant Workers Day (NRWD) to support restaurant industry workers. The celebration includes collaborations with industry professionals, grants for restaurants, and educational programming. BentoBox also published a report on tipping culture in the US.
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Fiserv reports strong financial results for Q3 2023, with GAAP revenue growth of 8% and GAAP EPS growth of 108%. Operating cash flow increased 19% to $3.57 billion year to date. The company raises its 2023 organic revenue growth outlook to 11% and adjusted EPS outlook to $7.47 to $7.52.
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Fiserv partners with Melio to launch CashFlow Central, a solution that combines easy-to-use workflows with market-leading payment capabilities for small businesses.
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FAQ

What is the current stock price of Fiserv (FI)?

The current stock price of Fiserv (FI) is $217.41 as of November 21, 2024.

What is the market cap of Fiserv (FI)?

The market cap of Fiserv (FI) is approximately 125.8B.

What does Fiserv, Inc. do?

Fiserv provides financial technology services such as electronic funds transfer, payment processing, and loan processing to various financial institutions and retailers.

Where is Fiserv headquartered?

Fiserv is headquartered in Brookfield, Wisconsin, USA.

What was the impact of the merger with First Data?

The merger with First Data in 2019 expanded Fiserv's capabilities in payment processing services for merchants, enhancing its overall service offerings.

Which sectors does Fiserv serve?

Fiserv serves banks, credit unions, securities broker-dealers, mortgage companies, insurance firms, leasing and finance companies, and retailers.

What percentage of Fiserv's revenue is generated internationally?

Approximately 10% of Fiserv's revenue is generated internationally.

What recent achievements has Fiserv made?

Fiserv has made numerous advancements in payment solutions, security measures, and digital banking platforms, investing in new technologies and partnerships.

What are Fiserv's core services?

Fiserv's core services include electronic funds transfer, payment processing, and loan processing.

How does Fiserv support small and midsize banks?

Fiserv provides essential core processing and complementary services, enabling small and midsize banks to manage their operations efficiently.

Is Fiserv financially stable?

Yes, Fiserv maintains a strong financial position with consistent revenue growth and robust financial health.

What is Fiserv's approach to innovation?

Fiserv is dedicated to innovation, continuously investing in new technologies and projects to stay competitive in the fintech market.

Fiserv, Inc.

NYSE:FI

FI Rankings

FI Stock Data

125.85B
565.05M
0.62%
92.77%
1.45%
Information Technology Services
Services-business Services, Nec
Link
United States of America
MILWAUKEE