Jack Henry second-quarter profit rises on strong bank tech demand [Yahoo! Finance]
Fiserv, Inc. (FISV)
Last fiserv, inc. earnings: 2/4 04:01 pm
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Source: Yahoo! Finance
The Monett, Missouri-based company provides banks and credit ?unions with technology and payment processing services for day-to-day operations such as taking deposits, ?opening accounts and recording interest. Smaller financial institutions depend on banking technology providers such as Jack Henry, unlike Wall Street's biggest banks, which invest billions of dollars in developing proprietary tech stacks. The company's revenue rose ?7.9% to $619.3 million in ?the reported quarter. Revenue from services and support increased 7.1%, while processing rose 9.1%. Profit was $124.7 million, or $1.72 ?per share, in the three months ended December 31, compared with $97.8 million, or $1.34 per share, a year earlier. Analysts have said Jack Henry's narrow focus ?on bank tech has helped it maintain a competitive advantage ?against larger peers such as Fiserv and FIS. Bank tech stocks weakened last year amid investor concerns over increased financial institution consolidation and competi
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News
- Fiserv looks to AI, BNPL to spur its recovery [Yahoo! Finance]Yahoo! Finance
- Fiserv Q4 Earnings Beat Estimates, Revenues Decline 7% Y/Y [Yahoo! Finance]Yahoo! Finance
- Fiserv: Signs Of Stability After A Disastrous Year [Seeking Alpha]Seeking Alpha
- Fiserv's earnings beat expectations with recovery from stock plunge [USA TODAY]USA TODAY
- Fiserv Q4 earnings top consensus, but outlook for 2026 disappoints after October revamp [Seeking Alpha]Seeking Alpha