Key facts
- JPMorgan and Bank of America are reportedly in preliminary discussions to acquire a network owned by Fiserv.
- The Wall Street Journal reported on the potential deal, citing sources.
- Fiserv's shares increased by 4.3% in after-hours trading following the report.
U.S. banks, including JPMorgan and Bank of America, have recently engaged in preliminary discussions regarding a potential deal to acquire a network owned by the financial-technology company Fiserv. The reports, which first surfaced in The Wall Street Journal citing sources, led to a 4.3% increase in Fiserv's shares in after-hours trading.
Reuters has not independently verified the details of these discussions, indicating the speculative nature of the talks between the major banking institutions and Fiserv.