This Fintech Stock Dropped 40% Today to Lead S&P 500 Decliners. Here's Why.

Fiserv, a Milwaukee-based fintech giant, recently reported disappointing Q3 earnings, with earnings per share falling short of expectations and revenue missing the mark. The company's shares plummeted by over 40%, erasing nearly two-thirds of its value this year. Under new CEO Mike Lyons, Fiserv is undergoing significant changes, including a new CFO and board members, and a strategic shift towards its Clover point-of-sale system and international expansion. The company is also moving its stock listing from the NYSE to Nasdaq.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.