FDC News

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Fiserv, Inc. New York, October 09, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Fiserv, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

Paychex and Barrick Gold Corp. make the list Continue reading...

The Omega Advisors chairman and CEO, billionaire Leon Cooperman, recently was a guest at CNBC’s "Squawk Box", and he shared his observations on the current market trends. In the interview, he pointed out that we live in abnormal times alluding to $12 trillion-plus of sovereign debt that has a negative interest rate. He explained further […]

First Data was acquired by Fiserv in an all-stock deal. What’s next for the payment processing giant?

Total System Services was the third, and likely final, acquisition in the payments space during a busy first half for the industry.

Moody's Investors Service ("Moody's") has assigned a Baa2 senior unsecured rating to Fiserv, Inc.'s ("Fiserv") proposed offering of senior notes. The net proceeds from the offering will be used to refinance an upcoming senior notes maturity and to repay outstanding revolving credit facility balances. Fiserv's Baa2 rating reflects its position as a global diversified financial technology leader with net revenue scale of $14.4 billion (pro forma 2019).

First Data (FDC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

As of late, these companies have managed to reach yearly highs Continue reading...

The value investor increased his position as the company announced it would acquire news giant Gannett Continue reading...

U.S. financial technology provider Fiserv announced the acquisition of First Data earlier this year, in a $22 billion all-stock deal. Bank of America said http://investor.bankofamerica.com/phoenix.zhtml?c=71595&p=irol-newsArticle&ID=2405030#fbid=tRUHJC6WQK3 on Monday it and First Data had agreed to provide uninterrupted services to clients of Banc of America Merchant Services through at least June 2023. Fiserv's shares were down 1.5% at $103.10 in extended trading, while that of Bank of America's were broadly unchanged.

First Data (FDC) delivered earnings and revenue surprises of 2.44% and 0.55%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Moody's Investors Service ("Moody's") assigned a Prime-2 short term rating to Fiserv, Inc.'s (Fiserv) new $3.5 billion commercial paper program. Fiserv, Inc.'s (Fiserv) credit profile reflects significant business scale and diversification following the transformational merger with First Data Corporation, with pro forma adjusted revenues of $14.4 billion and EBITDA of $5.7 billion in 2019.

Should Square shareholders be cheering on Dorsey’s bitcoin love?

Bank of America Corp said on Monday it would end its electronic payment services joint venture with First Data Corp next June, hours after Fiserv Inc completed its acquisition of the payment processor. U.S. financial technology provider Fiserv announced the acquisition of First Data earlier this year, in a $22 billion all-stock deal. Bank of America said http://investor.bankofamerica.com/phoenix.zhtml?c=71595&p=irol-newsArticle&ID=2405030#fbid=tRUHJC6WQK3 on Monday it and First Data had agreed to provide uninterrupted services to clients of Banc of America Merchant Services through at least June 2023.

Moody's Investors Service ("Moody's") withdrew all the ratings for First Data Corporation (First Data) upon the closing of the acquisition of First Data by Fiserv, Inc. (Fiserv, Baa2 stable) and the repayment of First Data's rated debt instruments.

Five startups selected to participate in the program; Silicon Valley Bank hires program graduate as its new head SANTA CLARA, Calif. , July 10, 2019 /PRNewswire/ -- Silicon Valley Bank , the bank of the ...

The merger and acquisitions space is looking strong, topping $40 billion in deals for the first Monday in June, according to recent data. Sal Bruno, Chief Investment Officer at IndexIQ, joins Seana Smith on 'The Ticker' to discuss how this ETF can diversify investor portfolios.

GMO plays on takeovers, adds more iShares and Alibaba Continue reading...