The Western Union Company (WU) teamed up with GraceKennedy (“GK”) and Lynk in a bid to provide enhanced remittance services across Jamaica and expand its digital footprint on the island.The partnership entails the integration of Western Union’s money transfer services into the mobile wallet apps of GK, GKOne, and Lynk. With access to such beneficial services, Jamaicans will gain from increased choices to digitally receive money anytime from any corner of the world. The hassle-free nature and speed of such s ...

Investors might want to bet on Western Union (WU) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power of ...

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The Western Union Company (WU) recently announced the resumption of its remittance service from the United States to Cuba. Services were paused since Jan 28, shortly before a Cuban official declared a cybersecurity incident that impacted Cuba's electronic payment systems. No specific cause of the technical issues was shared.Western Union collaborated with its processing partner Orbit S.A. to reinstate the services, which are essential for the country's economy. Customers in the United States will have the c ...

The Western Union Company (WU) recently announced that it has joined forces with Adonis supermarkets to enhance cross-border money transfer services in Canada. The strategic partnership is expected to enable them to provide Western Union’s services to consumers in Adonis Seville and Adonis Griffintown locations in Montreal.The move is expected to boost Western Union’s footprint in Canada. The company continues to increase its penetration of the global cross-border consumer payments market. It divested its B ...

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The Western Union Company (WU) posted robust first-quarter 2024 results, driven by the Branded Digital business' resilience, growth in transactions, solid Consumer Money Transfer business performance and stabilization of the retail business. This solid performance prompted the company to raise its full-year outlook. However, increased expenses tempered some of the gains.It announced first-quarter 2024 adjusted earnings per share (EPS) of 45 cents, which beat the Zacks Consensus Estimate by 12.5%. The bottom ...

Western Union’s first quarter results took note of continued shifts to digital channels to send money across borders.Branded digital transactions grew by 13% year over year (YoY), the company detailed in its materials. CEO Devin McGranahan said during the conference call with analysts that consumer money transfer transactions 6% growth rate marked the third consecutive quarter with 5% or more transaction growth.Adjusted revenue growth was 3%, YoY, to a bit more than $1 billion.“The macro backdrop remains co ...

The Western Union Company (NYSE:WU) Q1 2024 Earnings Conference Call April 24, 2024 4:30 PM ET Company Participants Tom Hadley - Head of IR Devin McGranahan - CEO Matt Cagwin - CFO Conference Call Participants Tien-Tsin Huang - JPMorgan Timothy Chiodo - Credit Suisse Will Nance - Goldman Sachs Andrew Schmidt - Citi Vasundhara Govil - KBW Ken Suchoski - Autonomous Jason Kupferberg - Bank of America Bryan Keane - Deutsche Bank James Faucette - Morgan Stanley Operator Good day and welcome to the Western Union ...

For the quarter ended March 2024, Western Union (WU) reported revenue of $1.05 billion, up 1.2% over the same period last year. EPS came in at $0.45, compared to $0.43 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.01 billion, representing a surprise of +3.94%. The company delivered an EPS surprise of +12.50%, with the consensus EPS estimate being $0.40.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...