Fiserv, Inc. Q3 2024 Earnings: A Strong Quarter with Strategic Initiatives
Introduction
Fiserv, Inc. (NYSE: FI) held its Q3 2024 earnings conference call on October 22, 2024, led by Chairman, President, and CEO Frank Bisignano, and CFO Bob Hau. The company’s performance for the quarter was strong, with key initiatives driving growth.
Key Highlights
The company’s earnings release and supplemental materials are available on the Investor Relations section of fiserv.com. The non-GAAP financial measures discussed on the call are reconciled to the nearest applicable GAAP measures in these materials. Unless otherwise stated, performance references are year-over-year comparisons.
CEO Frank Bisignano’s Remarks
Bisignano began by thanking the participants and introducing the company’s leadership team. He then highlighted the company’s strategic initiatives, which are expected to drive future growth. However, he also noted that forward-looking statements may differ materially from actual results due to various risks and uncertainties.
Risk Factors and Forward-Looking Statements
The earnings release provides a detailed discussion of the risk factors that may impact the company’s operating and financial results. These factors should be carefully considered when evaluating the company’s forward-looking statements.
Q&A Session
Following the presentation, the call was opened to questions from analysts, including Tien-Tsin Huang from JPMorgan, Darrin Peller from Wolfe Research, and Harshita Rawat from Bernstein, among others.
Analyst Insights
The Q&A session provided valuable insights into the company’s performance and future prospects. Analysts probed the company’s leadership on various aspects, including its strategic initiatives, financial performance, and industry trends.
Takeaways
Fiserv’s Q3 2024 earnings conference call provided a comprehensive overview of the company’s performance and future prospects. The company’s strategic initiatives are expected to drive growth, but risks and uncertainties remain. Investors should carefully evaluate the company’s forward-looking statements in light of these factors.
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