Fiserv shares jump as much as 12% after earnings; targets $1B savings
Fiserv reported better-than-expected third-quarter earnings, reaffirmed its annual outlook and plans to resume share repurchases. It raised its savings target to $1 billion and plans a $500 million buyback.
Fiserv Inc. (FISV) stock jumped as much as 12% on Tuesday after the payments technology company reported better-than-expected third-quarter earnings, reaffirmed its annual outlook and announced plans to accelerate cost savings and resume share repurchases.Fiserv’s adjusted earnings per share (EPS…