Shares of Fiserv (NYSE:FI) surged 2.5% as the company appointed a new CFO, Paul Todd, following disappointing Q3 earnings. Two new co-presidents were also named in a leadership shuffle. The stock closed at $66.68, up 2.4% from the previous day. Fiserv shares are down 68% YTD, trading 72.3% below its 52-week high. Investors who bought 5 years ago would see a 32.85% loss. The market response suggests it views the news as significant but not changing the business perception. Analysts note Fiserv’s shares were trading at a discount compared to peers.

Read more at Stockstory.org – The Motley Fool.: Why Fiserv (FI) Stock Is Up Today