FIS News & Events

FIS has been selected by the Commonwealth Bank of Australia to streamline reconciliations through FIS Data Integrity Manager, the company announced. The fully-hosted solution will process over 150 million transactions per day, the company stated. Andres Choussy, President, Capital Markets at FIS, said: "FIS is proud to partner with CommBank to deliver a cutting-edge reconciliation solution that meets the demands of a rapidly evolving financial landscape. By bringing reconciliation onto a single, intelligent platform, we are enabling CommBank to unlock seamless integration and operational efficiency while ensuring the stability, security, and compliance essential to supporting Australia's largest bank."

Futures are modestly higher this morning after the April jobs report beat forecasts. Chip stocks are rebounding after yesterday's pause, helping lift Nasdaq futures back toward record territory. Oil briefly pushed back above $100 after renewed U.S.-Iran clashes in the Strait of Hormuz, but equities have largely treated each flare-up as temporary noise.Earnings this quarter have been exceptionally strong. Roughly 85% of companies are beating expectations, margins are expanding, and forward estimates continue moving higher. That's giving investors confidence to keep paying elevated multiples, especially in AI infrastructure names where spending forecasts continue to rise aggressively.In pre-market trading, S&P 500 futures rose 0.58%, Nasdaq futures rose 0.92% and Dow futures rose 0.40%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Irenup 16% after Nvidiaand the company announced a partnership to deploy up to five gigawatts of Nvidia DSX-aligned AI infrastructure across Iren's data center pipeline over timeUP AFTER EARNINGS -Akamaiup 24%Blockup 9%Rocket Labup 9%Grouponup 2%Sonyup 2%FISup 1%DOWN AFTER EARNINGS -Cloudflaredown 16%CoreWeavedown 7%AMC Networksdown 1%Toyotadown 1%Lyftdown 1%