Fiserv (FISV) in Pivotal Point Check: Breakthrough after Q3 Numbers and Doubled Savings Target to $1 Billion – Is the US Fintech with P/E 8 a Buy?

Adjusted earnings exceeded: The adjusted earnings per share were $1.75, surpassing the consensus estimate, with revenues of $4.85 billion. Doubled savings target: The cost-cutting program "Project Elevate" has been increased from $500 million to $1.0 billion in annual savings. Buybacks and forecast: Alongside confirmed annual targets ($7.20 to $7.40 per share), a $500 million share buyback supports investor confidence. Fiserv, a leading US provider of payment processing and financial software for banks and merchants, caused significant...