|Bid||77.60 x 0|
|Ask||78.99 x 0|
|Day's Range||78.30 - 78.64|
|52 Week Range||60.56 - 80.99|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Executives at the lender have only weeks left to tell First Data Corp. whether they want to wind down a decade-old joint venture scheduled to renew automatically in mid-2020, according to an April regulatory filing. The U.S. payments business is at a crossroads, with a new generation of ventures from Silicon Valley and China looking to muscle into an industry that collects $90 billion every year from merchants. “If I’m a large bank, I’m trying to figure out how can I strategically use my relationships with merchants to cross-sell them other services and also strengthen the stickiness of my relationship,” Harshita Rawat, an analyst at Sanford C. Bernstein, said in a telephone interview.
Fiserv Inc (NASDAQ: FISV ) reported higher-than-expected first-quarter results Tuesday, with healthy internal revenue growth. The investor focus is likely to remain on the merger with First Data Corporation ...
The Brookfield, Wisconsin-based company said it had profit of 56 cents per share. Earnings, adjusted for one-time gains and costs, came to 84 cents per share. The results surpassed Wall Street expectations. ...
Edwin “Tim” Johnston III founded Sandhill Investment Management in 2004, and has turned out record-beating returns every year since. The stocks he owns now, and what keeps him up at night.
Investment company Home Federal Bank Of Tennessee buys Fiserv Inc, The Walt Disney Co during the 3-months ended 2019Q1, according to the most recent filings of the investment company, Home Federal Bank ...
Fidelity National Information Services Inc. (FIS) and Worldpay Inc. pared earlier gains in Monday trading, as analysts question FIS’s pact to acquire Worldpay Inc. for about $34 billion in cash and stock, worth about $112.12 per share as of Friday’s close. Analysts wondered why Worldpay agreed to be bought at that price, instead of trying to get more […] The post $34 Billion Purchase of Worldpay May Shake Up Travel Payments appeared first on Skift.
Merger activity in the payments business is starting to look a bit frantic. While the latest $35 billion tie-up has some logic, justifying its high price will require delivering on an ambitious strategy to expand into developing markets. , a Florida-based provider of data and technology services to banks and other financial intuitions, said Monday it is acquiring payment-processing giant Worldpay Inc. for $35 billion.
Fiserv Inc (NASDAQ:FISV) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018.
US high-grade companies including Fiserv and Keurig Dr Pepper have increasingly turned to term loans, which are cheaper to issue and easier to prepay than longer-term bonds, as they prioritize debt reduction to avert credit rating downgrades. Heavy long-term debt loads incurred in large mergers and acquisitions (M&A), and in some cases slower than expected repayment of that acquisition debt, has spurred a wave of downgrades to the lowest investment grade rungs or even to junk status. Looking to prevent that, new borrowers are refinancing existing term loans with smaller new loans, while others are quickly applying excess cash flow to deleveraging, looking to show they can cut back on the debt loads incurred in costly M&A.
The Brookfield, Wisconsin-based company said it had profit of 71 cents per share. Earnings, adjusted for one-time gains and costs, came to 84 cents per share. The results met Wall Street expectations. ...
On Thursday, Feb. 7, Fiserv (NASDAQ: FISV ) will report its last quarter's earnings. Here is Benzinga's take on the company's latest release. Earnings and Revenue Analysts predict Fiserv will report earnings ...
Shares of First Data Corp (NYSE: FDC ) have surged on news of the company being acquired by financial services technology company Fiserv, Inc (NASDAQ: FISV ). With First Data shares appreciating 16 percent ...
In what is essentially a megamerger, the two hope to create a new payments industry powerhouse. But it might be too little, too late if the fintech revolution has already left these two legacy players behind.
The deal, announced on Wednesday, will merge the two financial technology players into one combined payments giant worth $22 billion. Both firms are sizable legacy players and have mostly complementary, rather than competitive, services: Fiserv sells technology to banks, credit unions and other financial institutions, while First Data focuses on payments processing. In a statement, Fiserv CEO Jeffery Yabuki said that as a combined entity, "we expect to redefine the manner in which people and institutions move money and information." The two companies are anticipating $900 million in run-rate cost savings and at least $500 million in "revenue synergies" over a five-year period.