Western Union (WU) ended the recent trading session at $11.14, demonstrating a -0.45% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.39%. At the same time, the Dow lost 0.61%, and the tech-heavy Nasdaq lost 0.32%.Heading into today, shares of the money transfer company had gained 3.04% over the past month, outpacing the Business Services sector's gain of 3% and lagging the S&P 500's gain of 3.6% in that time.The investment community will be pay ...

A pair of shareholder-pleasing measures announced after market close Friday were powering the stock of Western Union (WU 4.00%) higher on Monday. Focused on news of a hefty share buyback program announced by the company, investors piled into the stock, boosting its price by 4% on the first trading day of the new week. That was more than good enough to beat the 0.4% rise of the S&P 500 (^GSPC 0.38%).Of share buybacks and dividend payoutsWestern Union's board of directors has authorized a $1 billion common st ...

In a bid to boost shareholder value, The Western Union Company’s (WU) board of directors unveiled a buyback program of $1 billion. The program comes without a predetermined expiration date and may be paused, adjusted or terminated at any time without prior notice.Currently, WU has a $1-billion share repurchase program in place that was approved in February 2022 and is set to run through Dec. 31, 2024. During the nine months ended Sept. 30, 2024, the company bought back shares worth $177.3 million as part of ...

The Western Union Company (WU) recently opened eight new branded stores in Mexico, making it the first international money transfer company to do so in the country. These owned locations are designed to provide a more direct, high-quality customer experience for individuals sending and receiving money.The locations offer a range of services, including cross-border money transfers to over 200 countries and the ability to send funds to bank accounts, mobile wallets or cash collection. The stores further expan ...

Western Union has launched a media network business that lets companies advertise to its customers via company-owned channels like its website, mobile app and digital-out-of-home (DOOH) screen network as well as through audience extension.These channels enable companies to reach a diverse, multicultural and global audience, the provider of cross-border, cross-currency money movement, payments and digital financial services said in a Monday (Nov. 11) press release.“Our intimate knowledge and long-tenured rel ...

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Investors were clearly unimpressed by the company's third-quarter performance.A fresh quarterly earnings report was the news that affected Western Union's (WU -3.38%) share price on Thursday. Unfortunately, that effect was negative, as investors traded out of the stock to leave it with a more than 3% loss in price. This was on a day when the bellwether S&P 500 index grew, albeit marginally, at a 0.2% pace.Two beats in the third quarterWestern Union's third quarter results actually crossed the wires after ma ...

The Western Union Company (WU) reported third-quarter 2024 adjusted earnings per share (EPS) of 46 cents, which surpassed the Zacks Consensus Estimate by 4.6%. The bottom line advanced 7% year over year.However, total revenues declined 6% on a reported basis to $1.04 billion due to a fall in contributions from Iraq, partly offset by a well-performing Branded Digital business. Additionally, the top line beat the Zacks Consensus Estimate by 0.4%.The quarterly results benefited from strong transaction growth i ...

Western Union plans to acquire Dash, a mobile wallet in Singapore that has more than 1.4 million users.The company and Dash owner Singtel signed a conditional agreement on the sale of the mobile wallet, the companies said in a Wednesday (Oct. 23) press release. The sale is subject to regulatory approvals.The planned acquisition aligns with Western Union’s Evolve 2025 strategy to expand its financial ecosystem and double its digital business, according to the release.“Our business in Singapore is a unique bl ...

Western Union’s Branded Digital business saw 15% growth in transactions and 9% growth in revenue on a reported basis in the third quarter.This marked the sixth consecutive quarter of double-digit transaction growth for the Branded Digital business, the company said in a presentation released Wednesday (Oct. 23) in conjunction with its quarterly earnings call.The Branded Digital business now accounts for 32% of Western Union’s Consumer Money Transfer (CMT) transactions and 25% of its revenues, according to a ...