Fiserve’s stock takes a hit following disappointing earnings as new CEO changes leadership.
Shares of Fiserv plummeted over 40% on Wednesday, setting up for a record single-day drop. Analysts described the company’s earnings as “stunningly poor,” as it reported lower-than-anticipated earnings and downgraded its growth forecast for the second consecutive quarter. This disheartening performance underscores the increasing challenges faced by Fiserv’s core payments and merchant services, especially with […]