Fidelity National Information Services' stock is 'disproportionately discounting the potential fallout from recent bank failures,' an analyst said late...
Fidelity National Information Services Inc. shares are “disproportionately discounting the potential fallout from recent bank failures,” an analyst said late Thursday.
Also... Fidelity National Information Services Inc. shares are “disproportionately discounting the potential fallout from recent bank failures,” an analyst said late Thursday. FIS FIS shares have struggled this year, falling 24% so far in 2023 as the S&P 500 SPX has inched up 2%. They’ve lost more than 17% since the close of trading on March 8, when Silicon Valley Bank’s troubles came public. In additional to providing merchant-acquiring services through the business that will be spun out, FIS offers infrastructure to banks through its legacy operations.
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