1209 ET - William Blair analysts say they can no longer recommend Fiserv stock after what they saw as a "shocking" 3Q revenue and earnings miss and an abrupt management transition. The fintech slashed guidance for the year, saying on an earnings call that forecasts set by previous leadership included assumptions that weren't realistic. Fiserv also said its CFO is leaving. The 3Q report shows Fiserv has been over-earnings in both of its core businesses for two years, the William Blair analysts say in a research note. "Relatively new CEO Mike Lyons is now in a difficult position as he and his team try to figure out what went wrong," the analysts say. Shares tumble 40% to $75.05. (dean.seal@wsj.com)
(END) Dow Jones Newswires
October 29, 2025 12:09 ET (16:09 GMT)
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