$FISV 0.53 Developing

Notable posts

• @wallstengine neutral 81 eng

  JPMorgan, Bank of America, Wells Fargo and PNC have reportedly held preliminary talks about acquiring a Fiserv $FISV debit-card network, per WSJ. Fiserv owns the STAR and Accel networks, which process debit transactions. The interest comes after Capital One bought Discover and gained control of its own card network. For big banks, owning a debit network could change the economics of debit-card fees, since Durbin rules cap fees when transactions run through outside networks. Talks are still preliminary, and some banks are reportedly cautious because of potential backlash from lawmakers, regulators and merchants.

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• @wallstengine neutral 35 eng

  Activist investor Jana Partners is urging Fiserv $FISV to review its entire portfolio, pursue further asset sales and refresh its board. Jana supports the company’s reported consideration of selling its debit network assets. - Reuters

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• @faststocknewss neutral 10 eng

  Jana Partners is publicly calling on Fiserv $FISV to sell more non-core assets and add new directors with banking software and payments experience, per Reuters. Jana nearly doubled its Fiserv stake in Q1 to just under 1%. Stock is down ~70% in the last 12 months and trades at ~$52.72, giving Fiserv a $28B market cap. Jana supports CEO Mike Lyons and stops short of pushing a full breakup, but says that option may be on the table if valuation doesn't improve. Also cites Fiserv's potential to help banks adopt AI tools, including a recent collaboration with OpenAI.

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