Fiserv stock dives after earnings to pace S&P 500 decliners

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Published: Oct. 27, 2021 astatine 12:35 p.m. ET

Stock connected way for worst time successful much than 1 1/2 years arsenic payments stocks struggle

Fiserv shares took a dive aft net Wednesday. The company’s acceptance outlook for the existent 4th whitethorn person disappointed immoderate investors, said an analyst.

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Fiserv Inc.’s banal is presently the biggest laggard successful the S&P 500 Wednesday aft the financial-technology institution discussed the nonaccomplishment of a ample processing lawsuit during its net telephone and gave immoderate much muted commentary astir the existent 4th than immoderate were expecting.

The banal is disconnected 10.8% successful midday trading Wednesday and connected gait to station its steepest single-day percent diminution since March 18, 2020, erstwhile it mislaid 10.9%.

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