Why Fiserv Stock Rose 15.7% in July
Shares of financial technology firm Fiserv (NASDAQ: FISV) rose 15.7% in July, according to data from S&P Global Market Intelligence. The payments processing giant rode to impressive gains on the back of a strong July earnings report, as well as optimism regarding its acquisition of First Data Corporation.
Overall, the entire sector is riding tailwinds from the wave of consolidation in the first half of 2019, as well as the long-term trend of electronic and digital technologies replacing older forms of payments.
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