Bernstein Bullish on Fiserv, Block, and Adyen Amid Fintech Revival
Fintech stocks are regaining investor favor as the Federal Reserve's interest rate cuts create a favorable low-rate environment. Bernstein analysts spotlight Fiserv (FI), Block (XYZ), and Adyen (ADYEY) as top picks poised for recovery, emphasizing value-added services growth despite muted U.S. volume expectations.
Fiserv's stock decline—down 36% year-to-date—reflects merchant solutions headwinds, particularly Clover's payment processing competition. Bernstein eyes a guidance reset and EPS growth potential, framing the company as a rebound candidate. Block and Adyen similarly benefit from sector tailwinds, with their competitive positioning in payments innovation.