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.
Expro Group has successfully completed its merger with Frank’s International N.V., creating a leading energy services company. The new entity will trade on the NYSE under the symbol 'XPRO' starting October 4, 2021, while Frank’s stock ceased trading under 'FI' as of October 1, 2021. CEO Mike Jardon emphasized a commitment to innovation, safety, and sustainability. The merger enhances Expro’s capabilities, expanding its customer base and market reach, with potential for significant cost and revenue synergies, as well as a robust technology portfolio aimed at reducing carbon intensity.
Frank’s International N.V. (NYSE: FI) announced the successful approval of all proposals at its Annual General Meeting, including the merger with Expro, which garnered over 90% shareholder support. The merger is set to close on October 1, 2021, fulfilling all closing conditions. A reverse stock split at a ratio of 6-for-1 will occur concurrently with the merger's completion. Management expressed confidence in the combined entity's potential for growth and profitability, enhancing market position and service offerings in the energy sector.
Frank's International N.V. (NYSE: FI) has achieved record operational milestones for a supermajor offshore operator in Canada. Utilizing proprietary technologies like the Collar Load Support System (CLSTM), the company improved joint handling efficiency by 133%, raising the average joints per hour from 3 to 7. This resulted in significant time and cost savings for a multi-well program while enhancing personnel safety. The BACKPACKERTM system successfully managed 1,357 joints with only one rejection, underlining Frank's commitment to innovation and operational excellence.
Expro has successfully concluded a Plug and Abandonment (P&A) project for PETRONAS subsidiary PC Mauritania 1 Pty Ltd, valued over
FAQ
What is the current stock price of Fiserv (FI)?
What is the market cap of Fiserv (FI)?
What does Fiserv, Inc. do?
Where is Fiserv headquartered?
What was the impact of the merger with First Data?
Which sectors does Fiserv serve?
What percentage of Fiserv's revenue is generated internationally?
What recent achievements has Fiserv made?
What are Fiserv's core services?
How does Fiserv support small and midsize banks?
Is Fiserv financially stable?
What is Fiserv's approach to innovation?
