Payments firm Fiserv forecasts strong annual profit

Fiserv on Wednesday raised its full-year adjusted profit outlook above Wall Street expectations as the financial services company reported second-quarter results ahead of estimates.

Fiserv's shares rose 2.3 per cent to $133 in premarket trading. The stock has jumped nearly 29 per cent so far this year. Fiserv reported a 9 per cent growth in its acceptance segment and 8 per cent growth in the payments unit for the three months ended June 30. Its fintech arm posted a 2 per cent decline in the second quarter.

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