Shares of payments company Fiserv rose to a record on Wednesday after reporting better-than-expected earnings.
Fiserv shares rose to a record on Wednesday after the payments company reported better-than-expected earnings.reported
Clover revenue jumped 29% from the year-ago quarter and in the full year, reaching $2.7 billion for all of 2024. The Clover product consists of payments hardware and software, and helps businesses streamline receivables and payables.on Wednesday that Clover is a key driver of growth, and said that Fiserv's relationships with 3,500 U.S. banks provide an opportunity to deepen market penetration and product offerings.
For 2025, Fiserv expects revenue growth of 10% to 12%. Analysts were calling for growth of about 8%. The company forecast adjusted earnings of $10.10 to $10.30 for 2025, about inline with Wall Street's consensus of $10.21.
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