Fiserv, Inc.

Fiserv surged in pre-market trading on Tuesday after the Wall Street Journal reported that JPMorgan, Bank of America, and other major US banks held preliminary discussions to acquire a network from its STAR debt arm, sending the stock up over 7% in early pre-market. However, gains moderated during regular trading, with the stock last at $54.33, up about 4.9% from the prior close of $51.78, but still 69% below its 52-week high of $175.92 and below the 60-day moving average of $55.63. While Q1 revenue fell 2% YoY to $5.027 billion and net profit dropped 33% to $571 million, ROE stood at 8.8%, with a PE of 9x and a PB of 1.1x, reflecting a deeply discounted valuation. Nonetheless, the quick pullback in the first two minutes of regular trading suggests lingering uncertainty about the deal's completion.