RBC Capital Markets downgraded Global Payments (NYSE:GPN) Inc to Sector Perform from Outperform on rising execution risks and a more prolonged transformation following the company’s acquisition of ...

Global Payments (GPN) was trading lower after RBC Capital Markets downgraded the stock following a detailed review of the proposed Worldpay acquisition and sale of the Issuer Solutions business.

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The ‘scale’ play hasn’t worked out as intended in the past, the note said, pointing to FIS’s own troubled history with Worldpay. RBC flagged potential disruption over the next 12–18 ...

In other recent news, Global Payments has announced a series of transformative deals, including the sale of its Issuer Solutions business to FIS for $13.5 billion and the acquisition of Worldpay ...

HEDGE FLOW Hedge funds venture back to markets to buy bank shares, says Goldman Sachs Hedge funds returned into markets last week to buy bank stocks having sold out of positions for eight straight ...

Fidelity National Information Services, Inc. engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates ...