All articles tagged with #fidelity national information services
Fidelity National Information Services (FIS) has agreed to sell its majority stake in payment processing company Worldpay for $11.7 billion. The move comes as FIS aims to focus on its core banking and payment solutions business. The sale of the stake will allow FIS to reduce its debt and strengthen its balance sheet.
Tesla led the top gainers in the S&P 500 index on Monday, with its stock surging 6.9% to a nine-month high. The company reported strong second-quarter deliveries, surpassing estimates. Fidelity National Information Services and Zions Bancorp also saw significant gains. The S&P 500 edged up 0.1% in a half-day market session ahead of the Fourth of July holiday.
Fidelity National Information Services' stock rose after reports suggested that two private-equity groups are interested in acquiring its payments provider business, Worldpay Group.
Fidelity National Information Services (FIS) shares rose 8% as private equity firms consider buying the company's majority ownership in Worldpay for over $15 billion. Tesla's stock jumped 6% after reporting an 83% YoY increase in June deliveries, surpassing expectations. Nio shares were up 7% due to a 74% sequential improvement in June deliveries, while XPeng stock rose over 10% with a 15% MoM growth in June deliveries. AstraZeneca shares plunged 7% after preliminary results for a lung cancer treatment trial did not meet the prespecified statistical significance level. Bright Health Group shares slumped 10% after agreeing to sell its California Medicare Advantage business to Molina Healthcare for $600 million.