Fiserv (FI) CFO On Plans For A.I. & Adjusted EPS Growth

Fiserv (FI) saw double-digit adjusted EPS growth for the 37th year in a row. CFO Robert Hau discusses FI as its shares are up 13% year-to-date. He talks about how FI is navigating a difficult financial market, noting that FI has invested more than $5.5B of capital internally and on acquisitions. Some of FI's notable clients include Bank of America (BAC), Google (GOOGL), ExxonMobil (XOM), JPMorgan (JPM), McDonald's (MCD), and Walmart (WMT). He also goes over how higher rates are impacting FI, as well as the company's plans for A.I. He highlights that FI has been using A.I. for a number of years, and it's ballooned in the amount of attention with large language models, so there's lots of different opportunities given the capability and the amount of data that FI has. Tune in to find out more about the stock market today.