Fidelity National Information Services (FIS) closed at $56.12 in the latest trading session, marking a -1.63% move from the prior day.
The market for debt that funds corporate buyouts is opening up after a months-long freeze, with investors again vying for billions of dollars in risky bonds or loans offered for sale this week. The strength of demand will embolden private equity executives whose business has been largely on ice since the Federal Reserve began raising interest rates in 2022. Rising interest rates left the banks that finance leveraged buyouts (LBO) stuck with loans that they could not sell.
Apple, Bank of America, Cisco Systems, Fidelity National Information Services and HP are part of the Zacks top Analyst Blog.