BROOKFIELD, Wis. – Fiserv's stock (FISV on the NASDAQ) hit a 52-week high of over $42 last week after it announced record first quarter earnings. Fiserv, with seven credit union data processing subsidiaries, had revenues of $882.3 million in the first quarter, up 9% over 2004. More importantly for the company may be its internal growth. Analysts have been critical of the company for not having enough internal growth, which is not too surprising for a company that has really been built on acquisitions, doing over a 100 in its history. But Fiserv's financials show it had 5% internal revenue growth in its financial segment in the first quarter. Fiserv cited two major events in the first quarter – a $345 million deal to sell its securities processing business and a 12-year agreement for check processing with three Australian banks.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.