Fiserv expects organic revenue growth to surge in 2024
- Fiserv’s net income rose 11% in the fourth quarter
- Projected acceleration in organic revenue growth in 2024
- Fourth-quarter earnings of $2.19 per share, beating analyst estimates
- Fourth-quarter revenue of $4.92 billion, surpassing Wall Street target
- 2024 adjusted earnings forecasted between $8.55 and $8.70 per share
- Projected organic revenue growth of 15% to 17% from 2023 levels
Fiserv Inc., a leading provider of services to banks and financial companies, announced an 11% increase in net income for the fourth quarter. The company also projected an acceleration in organic revenue growth for 2024. With fourth-quarter earnings of $2.19 per share, Fiserv surpassed analyst estimates of $2.15 per share. Additionally, the company reported fourth-quarter revenue of $4.92 billion, exceeding the Wall Street target of $4.68 billion. Looking ahead, Fiserv forecasts adjusted earnings between $8.55 and $8.70 per share for 2024. Furthermore, the fintech company expects organic revenue growth to range between 15% and 17% from 2023 levels, building on the 12% growth achieved in 2023. While digital payments experienced significant growth during the pandemic, recent indications from online merchants suggest a slowdown in business.
Public Companies: Fiserv Inc. (FISV), Amazon.com (undefined)
Private Companies:
Key People:
Factuality Level: 8
Justification: The article provides specific financial information about Fiserv Inc.’s fourth-quarter net income, earnings per share, and revenue, which can be verified. It also includes projections for future earnings and revenue growth. However, the article does not provide any sources or additional context to support the claims made.
Noise Level: 7
Justification: The article provides financial information about Fiserv Inc., including its fourth-quarter net income, earnings per share, and revenue growth. However, it lacks analysis or insights into the long-term trends or consequences of these numbers. It also does not provide any evidence or data to support its claims about digital payments booming during the pandemic or the slowdown in business for online merchants. Overall, the article contains relevant information but lacks depth and supporting evidence.
Financial Relevance: Yes
Financial Markets Impacted: The financial markets impacted by this news article are the banking and financial services sector.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article does not mention any extreme events or their impacts. It primarily focuses on the financial performance and projections of Fiserv Inc., a provider of services to banks and financial companies.
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