4:36 p.m. Dec. 8, 2020
- By Ciara Linnane
U.S. suffers deadliest week from coronavirus since pandemic broke out A group of doctors and scientists urge leaders to follow the science and stop the misinformation that has undermined the U.S. response to the crisisThe U.S. has set another grim milestone in the coronavirus pandemic, averaging the most deaths from COVID-19 in a week since the start of the outbreak, as cases continue to rise across the country and hospitals fill with patients
3:40 a.m. Dec. 8, 2020
- By Tomi Kilgore
Fiserv affirms 2020 profit outlook, provides in-line guidance for next yearFiserv Inc. reiterated its full-year 2020 adjusted profit growth outlook of 11% over 2019 earnings, "despite some softening in demand due COVID-19 restrictions," and said it expects 2021 adjusted earnings-per-share growth of 20% to 25%. The FactSet consensus for 2020 EPS of $4.41 implied 10.3% growth, and the 2021 EPS consensus of $5.38 implies 22% growth. Also for 2021, the company expects internal revenue growth of 7% to 12%. The payments and financial technology company said its financial outlook "does not assume a significant extension of COVID-19 deep into 2021." The stock, which slipped 0.2% in premarket trading, has rallied 23.1% over the past three months through Monday, while the S&P 500 has gained 10.8%.
3:47 a.m. Nov. 19, 2020
- By Tomi Kilgore
Fiserv stock surges after adding $6.5 billion worth of stock to its repurchase programShares of Fiserv Inc. surged 1.9% in premarket trading Thursday, after the payments and financial technology company said it boosted its share repurchase authorization by 60 million shares. Based on Wednesday's stock closing price of $107.97, the shares could be valued at $6.48 billion, representing about 8.9% of Fiserv's market capitalization of $72.39 billion. The company said the new authorization is in addition to the shares remaining under the existing authorization, which Fiserv disclosed last month to be 7.5 million shares as of Sept. 30. The stock has lost 6.6% year to date through Wednesday, while the S&P 500 has gained 10.4%.
10:18 a.m. Oct. 19, 2020
- By Philip van Doorn
Here are Wall Street’s favorite stocks for an election-relief rally The stock market has staged long rallies following the past nine presidential electionsThe stock market has staged long rallies following the past nine presidential elections.
2:45 p.m. May 7, 2020
- By Emily Bary
Fiserv says CEO Yabuki will depart in July as First Data executive steps into the top roleFiserv Inc. shares dropped 2% in after-hours trading Thursday after the company announced that Chief Executive Jeffery Yabuki will be stepping down from his post on July 1. He'll be succeeded by Frank Bisignano, who's currently the president and chief operating officer of Fiserv. He joined the company from First Data, which Fiserv acquired in July. Yabuki is the chairman of Fiserv's board and will stay on as executive chairman for the duration of 2020. The company also posted first-quarter results Thursday. It reported net income of $392 million, or 57 cents a share, up from $225 million, or 56 cents a share, in the year-prior quarter. Adjusted earnings per share rose to 99 cents from 85 cents and came in even with the FactSet consensus. Revenue rose to $3.77 billion from $1.5 billion and included $1.4 billion from the businesses acquired in the First Data deal. Fiserv shares have lost 12% in the past three months as the S&P 500 has declined 13%.
1:08 p.m. April 27, 2020
- By Jon Swartz
This contact tracing technology of COVID-19 in over a dozen jurisdictions could assist companies as they reopenCongress would need to allocate about $3.6 billion in emergency funding, including the hiring of 100,000 contact tracers, to identify who has tested positive for COVID-19 and find out from them where they have gone and whom they’ve come in contact with.