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Why Hold is Your Best Bet for Western Union (WU) Stock Now
ZACKS· 2024-07-11 16:45
The Western Union Company (WU) , a stalwart in the global payments industry, offers robust services in money transfer and payment solutions. Leveraging increasing transaction volumes and resilience in its Branded Digital business, the company is poised for growth. Strong Latin American, Caribbean, the Middle East, Africa, South Asia and North America performance are supporting its Consumer Money Transfer segment growth.Headquartered in Denver, CO, WU currently has a market cap of $4.2 billion. Over the year ...
Western Union (WU) Rises Yet Lags Behind Market: Some Facts Worth Knowing
ZACKS· 2024-07-10 23:21
The most recent trading session ended with Western Union (WU) standing at $12.39, reflecting a +0.32% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 1.02%. Meanwhile, the Dow experienced a rise of 1.09%, and the technology-dominated Nasdaq saw an increase of 1.18%.Heading into today, shares of the money transfer company had lost 1.91% over the past month, lagging the Business Services sector's gain of 0.23% and the S&P 500's gain of 4.44% in that time.The invest ...
Western Union's (WU) Concept Store Sets Foot in Morocco
ZACKS· 2024-06-27 19:15
The Western Union Company (WU) recently teamed up with the payment institution, Cash Plus, to unveil Africa’s first "concept store" in the satellite city of Errahma, Morocco.A concept store provides access to personalized, safe and seamless international money transfer services in a high-traffic area. The store has been designed to provide easy access to a wide array of services and more flexibility, thus ensuring customers can connect with dedicated service representatives for personalized support and guid ...
Why Western Union (WU) Outpaced the Stock Market Today
ZACKS· 2024-06-17 23:20
Western Union (WU) ended the recent trading session at $12.19, demonstrating a +1.08% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.77% for the day. On the other hand, the Dow registered a gain of 0.49%, and the technology-centric Nasdaq increased by 0.95%.Shares of the money transfer company have depreciated by 8.22% over the course of the past month, underperforming the Business Services sector's loss of 0.77% and the S&P 500's gain of 3.71%.Mar ...
Western Union (WU) Stock Sinks As Market Gains: Here's Why
ZACKS· 2024-06-11 23:01
Western Union (WU) closed the most recent trading day at $12.59, moving -1.41% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.27% for the day. Meanwhile, the Dow lost 0.31%, and the Nasdaq, a tech-heavy index, added 0.88%.The money transfer company's stock has dropped by 4.49% in the past month, falling short of the Business Services sector's loss of 0.58% and the S&P 500's gain of 2.85%.Market participants will be closely following the financial results ...
Western Union (WU) Stock Drops Despite Market Gains: Important Facts to Note
ZACKS· 2024-06-10 23:20
The most recent trading session ended with Western Union (WU) standing at $12.77, reflecting a -0.93% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.26%. On the other hand, the Dow registered a gain of 0.18%, and the technology-centric Nasdaq increased by 0.35%.Prior to today's trading, shares of the money transfer company had lost 3.08% over the past month. This has lagged the Business Services sector's loss of 0.47% and the S&P 500's gain ...
Western Union (WU) & Tencent Partner to Expand Digital Reach
ZACKS· 2024-06-05 18:55
The Western Union Company (WU) recently announced its collaboration with Tencent Financial Technology. The company’s partnership with Tenpay Global, the cross-border payment platform of Tencent's renowned Weixin, is aimed at providing flexibility for WU users to transfer money to China directly through Weixin Pay wallets. Customers can remit up to $5,000 per transaction.This move is a pivotal step forward for Western Union's ambitious Evolve 25 strategy aimed at amplifying digital growth and enhancing custo ...
Western Union (WU) Expands Money Transfer Choices in Cuba
ZACKS· 2024-06-03 16:51
The Western Union Company (WU) collaborated with Cuba’s popular online marketplace, Katapulk, to provide an additional money transfer channel for U.S. customers sending money to Cuba. Customers can send money either from the official website of Katapulk Marketplace or via its mobile app for iOS and Android users.Funds can be transferred to only bank accounts and debit cards, and the service is restricted to consumer money transfers. U.S. customers will need to provide valid government-issued identification ...
Why Western Union (WU) Should be on Your Investment Radar
zacks.com· 2024-05-29 16:11
The Western Union Company (WU) is poised for growth, leveraging increasing transaction volumes and resilience in its Branded Digital business. The company's improving performance in Latin America, the Caribbean, South Asia and other regions further bolsters its growth prospects. Additionally, Western Union's operational margins and strong dividend yield present a compelling investment opportunity.Headquartered in Denver, CO, WU is a leader in global money transfer. It currently has a market cap of $4.4 bill ...
Western Union: Clearly In Decline But Tempting 7% Dividend Yield
seekingalpha.com· 2024-05-24 10:07
Yau Ming Low/iStock Editorial via Getty Images Investment Thesis Western Union (NYSE:WU) was once one of the most important companies in the United States, but it is currently doing very poorly from the perspective of revenue and earnings growth. It's reassuring to see that the company maintains good operational margins, and some investors will surely appreciate the strong dividend yield resulting from a low valuation relative to history. I'm quite frustrated that management seem to have no credible plan fo ...