Fiserv Shares Fall 11% as CEO Mike Lyons Steps Down, Worst Day Since October 2025

On Monday, Fiserv shares fell 11%, marking the worst day since October 2025, as the company announced CEO Mike Lyons is stepping down immediately to become CEO of Truist Financial. Takis Georgakopoulos, previously Co-President and Head of Merchant Solutions and Technology, was appointed CEO effective immediately. Morgan Stanley analyst James Faucette said the departure increases uncertainty but noted the new CEO provides continuity. Bernstein analyst Harshita Rawat called the timing "a bad look," citing the announcement came just one month after Investor Day. Fiserv reaffirmed its 2026 outlook of 1% to 3% organic revenue growth and adjusted earnings per share of $8.00 to $8.30.
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