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Why Fiserv Plunged Today

·2 min read
Why Fiserv Plunged Today
In this article:
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After all, Fiserv's third-quarter numbers of 10% non-GAAP (adjusted) revenue growth and 23% adjusted earnings-per-share growth were solid, beating analyst expectations. Fiserv is one of the largest traditional players, after acquiring rival First Data back in 2019. While the loss of that much processing volume is significant, there may be a few silver linings here that could make the sell-off a buying opportunity.