Why Are Western Union (WU) Shares Soaring Today

Core Insights - Western Union's shares increased by 8.9% following the announcement of its 'Beyond' strategy and a positive medium-term financial outlook during its Investor Day event [1][2] - The company anticipates a 20% revenue increase to approximately $5 billion and a 30% growth in adjusted earnings per share by 2028, focusing on a digital-first approach [2] Financial Projections - Revenue is projected to grow by 20% to around $5 billion by 2028 [2] - Adjusted earnings per share are expected to increase by 30% by 2028 [2] - The Consumer Services division is expected to maintain double-digit revenue growth under the new strategy [2] Strategic Initiatives - The 'Beyond' strategy aims to expand Western Union's financial services network globally, moving beyond traditional consumer money transfers [2] - The company plans to enhance its Digital Asset Network and implement a USDPT stablecoin strategy [2] - Recent initiatives include a pilot for a stablecoin-based settlement system to modernize money transfers and improve efficiency [5] Market Performance - Western Union's shares have shown volatility, with 11 moves greater than 5% in the past year, indicating that the market views the recent news as significant but not fundamentally altering its perception of the company [4] - The stock is down 10.7% year-to-date and is trading 19.7% below its 52-week high of $11.62 [6]