Fiserv Wants AI to Fix What Decades of Payments Growth Made Expensive
By PYMNTS
AI summary of the source article
Fiserv announced a $6.45 billion goodwill impairment alongside a $1 billion cost-cutting target. Following a narrow third-quarter earnings beat, Fiserv shares rose roughly 14% in premarket trading.
Key facts
- Fiserv announced a $6.45 billion goodwill impairment.
- Fiserv set a $1 billion cost-cutting target.
- Shares of Fiserv climbed roughly 14% in premarket trading after a narrow Q3 earnings beat.
Source excerpt · PYMNTS
Fiserv on Tuesday (Nov. 3) gave Wall Street two very different numbers to consider: A $6.45 billion goodwill impairment and a $1 billion cost-cutting target. The market appeared more interested in the second number. Fiserv shares rose roughly 14% in premarket trading Tuesday after the company reported a narrow third-quarter earnings beat. But Fiserv’s results […] The post Fiserv Wants AI to Fix Wh…