Why Is Fiserv Down Today?

Just a quick note on Fiserv ($FISV). The company had a good earnings report yesterday. The stock was trading at $75 in yesterday’s after hours market, but it’s down to $68.48 this morning. I have no idea why — perhaps it was downgraded by someone.

The earnings call was very good. I wanted to reiterate that despite today’s pullback, there’s nothing wrong with Fiserv’s business.

On the plus, Hudson City is up strongly today thanks to an analyst upgrade. HCBK has been as high as $6.38 this morning although I’ve grown somewhat cool on the stock recently.

Posted by on July 31st, 2012 at 10:51 am

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