The Western Union Company Stock News

Western Union (NYSE:WU) did little to impress the market with its third quarter earnings report. The underperformance led WU stock to drop more than 3% for the day and knocking it down 6% so far this year. Over the past 12 months, the credit and banking services stock is down 16%.

Investors were clearly unimpressed by the company's third-quarter performance.

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.

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.

SINGAPORE--(BUSINESS WIRE)--Singtel and Western Union today announce that they have signed a conditional agreement on the sale of Dash. The sale is subject to regulatory approvals. Dash customers will continue to have access to all existing services in the meantime. Dash is Singapore's leading all-in-one mobile wallet that lets customers pay, remit, save, invest and insure from one app. Launche...

The Western Union Company (NYSE:WU ) Q3 2024 Results Conference Call October 23, 2024 4:30 PM ET Company Participants Tom Hadley - Vice President of Investor Relations Devin McGranahan - Chief Executive Officer Matt Cagwin - Chief Financial Officer Conference Call Participants Jason Kupferberg - Bank of America Tien-Tsin Huang - JPMorgan Darrin Peller - Wolfe Research Andrew Schmidt - Citi Ken ...

DENVER--(BUSINESS WIRE)--The Western Union Company (the “Company” or “Western Union”) (NYSE: WU) today reported third quarter 2024 financial results. The Company's third-quarter revenue of $1.04 billion decreased 6% on a reported basis. The revenue decline was driven by lower contribution from Iraq compared to the prior year period, which negatively impacted the revenue growth rate by 7 percent...

Western Union's core business, international money transfers, produces strong cash flow but has been shrinking as digital-only competitors take market share. New CEO Devin McGranahan is focused on cost-cutting and expanding the Branded Digital business, but margins continue to decline. I weigh the pros and cons of an investment in the business and lay out a price range that I would be comfortab...