🔴 Fidelity Information Services is trading 21.97% down after cutting its 2026 outlook and prioritizing deleveraging

Fidelity Information Services is trading at $30.24, down 21.97%, after cutting its 2026 adjusted EPS and revenue outlook.

• Quarterly revenue beat expectations, while adjusted EPS matched them.
• CFO James Kehoe will step down, adding leadership uncertainty.
• Bloomberg Law reported shares fell more than 22% after Fidelity paused buybacks and some acquisition activity to prioritize deleveraging, despite the broader market rally.