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In The Motley Fool's "11 O'Clock Stock" series, we'll recommend a new stock every weekday at 11 a.m. ET on Fool.com over the next 50 weekdays. Co-founder Tom Gardner explains the series here. In the video below, Motley Fool Inside Value advisor Joe Magyer reveals why he thinks today's recommendation, Fiserv(Nasdaq: FISV), is a great way to get into the banking world without all the risk.
Fiserv is responsible for many of the essential back-end services banks need to run smoothly. These are services banks need regardless of economic conditions, which creates a recurring revenue base. Fiserv commands a strong position in the industry against competitors Fidelity National(NYSE: FIS) and Jack Henry & Associates(Nasdaq: JKHY). Magyer believes that industry's scale and switching costs ensure that Fiserv will remain dominant for years to come.
Keep checking Fool.com at 11 a.m. ET for a new pick every day!
Joe Magyerowns shares of no companies listed above.The Fool owns shares of and has written covered calls on Jack Henry & Associates. Try any of our Foolish newsletter services free for 30 days. The Motley Fool has a disclosure policy.
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Calculated by Time-Weighted Return since 2002. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.
