FIS Deepens Its Banking Push With Payments and Issuing

FIS management spent much of Tuesday morning (Aug. 4) talking about banking, issuing and payments growth. Although the company’s Banking Solutions business continued to outperform expectations, investors pushed the stock lower in early trading on Tuesday, down 7%, after management reduced its full-year outlook for Capital Markets, citing weaker-than-expected sales, slower implementation of existing backlog and softer professional services activity.