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Fiserv Inc. (FISV) Surged To A New High On Strong Q1 Earnings

Fiserv Inc. (FISV) reported first quarter adjusted EPS of $0.82 after the close Tuesday, compared to $0.67 a year ago. Analysts expected EPS of $0.74. Full year 2014 adjusted EPS is expected to be between $3.28 and $3.37. The consensus estimate is for EPS of $3.33.

Fiserv climbed for the bulk of Wednesday's session and closed up by 3.28 at $60.78, with volume at a 9-month high. The stock surged past resistance and set a new high for the year.

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Inflation data from the U.S. garnered maximum attention this week on the economics front, along with the interest rate decision by the European Central Bank. Read our stories to find out how these two key events are set to influence monetary policy in the months ahead. Other main news from the U.S. were the release of the minutes of the latest Fed policy session and the jobless claims data. Elsewhere, the interest rate decision by the Bank of Canada was also in focus.

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