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FISV — Fiserv News Story

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Fiserv rises on report of debit-network sale talks with big U.S. banks

BUZZ-Fiserv rises on report of debit-network sale talks with big U.S. banks

** Payments firm Fiserv's FISV.O shares up 7.2% premarket to $55.55

** Stock poised to open at about one-month high if gains hold

** Co says exploring sale of debit card network to U.S. banks including J.P. Morgan JPM.N and Bank of America BAC.N

** Talks come as FISV pursues a turnaround plan to improve performance after a year marked by a decline in market value

** Acquisition by large U.S. banks will enable lenders to bypass federal debit-card fee caps, The Wall Street Journal said

** Up to last close, FISV is down 22.9% YTD

** Nine out of 36 brokerages rate the stock "buy" or higher, 25 "hold" and two "sell"; their median PT is $66


(Reporting by Sudeshna Ghoshal in Bengaluru)

((Sudeshna.Ghoshal@thomsonreuters.com;))

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