Reported 21 days ago
FIS, a payments technology firm, experienced a 37% increase in third-quarter profits, driven by strong demand for its banking and payment processing solutions, particularly from small and mid-sized banks. The company's revenue from banking solutions grew by 3% to $1.78 billion, while capital market solutions revenue also rose by 8% to $730 million. FIS has raised its 2024 profit forecast to a range of $5.15 to $5.20 per share, indicating positive growth prospects amid a shift toward digital banking.
Source: YAHOO