Company PerformanceThe split of FIS & Worldpay is underway, but performance has lagged and ample uncertainty exists with unlikely near-term inflection.
Financial HealthLeverage is expected to end 2024 at 2.8x, higher than the anticipated 2.5x, indicating a higher than expected debt level.
Market CompetitionThe company's segment growth may be limited due to steady deposit fragmentation, growing FinTech competition, and potentially greater capital/regulatory requirements.