85.79 +0.36 (0.42%)
After hours: 6:53PM EDT
|Bid||85.22 x 800|
|Ask||85.50 x 900|
|Day's range||83.57 - 86.23|
|52-week range||68.61 - 93.70|
|Beta (3Y monthly)||1.09|
|PE ratio (TTM)||49.38|
|Earnings date||17 Oct 2018 - 22 Oct 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||99.65|
Ant Financial is World’s Largest Fintech Company, Alibaba Owns 1/3 Stake By John Jannarone Chinese fintech firm Ant Financial has agreed to buy $100 million of shares in Brazilian digital-payments company StoneCo (ticker: STNE), adding to a list of high-profile buyers that have taken interest in the IPO slated to price this week at a […]
Key stock indexes showed mixed action and reflected a continued battle between the bulls and bears. The Nasdaq led with a small gain.
Visa’s (V) fourth-quarter results are expected to benefit from the growing global trend of cashless transactions. The decreased cost of digital payment acceptance is another factor that has led to its rapid adoption, fueling Visa’s growth. According to Statista, the total global digital payments transaction value is expected to reach ~$5.41 trillion in 2022 from ~$2.75 trillion in 2017.
Investors find additional confidence in PayPal's ability to keep growing like a start-up, as a key metric ratchets up in the third quarter.
Payment company PayPal (PYPL), which spun off from eBay (EBAY) in 2015, delivered 14.0% revenue growth to $3.68 billion in the third quarter. This growth topped analysts’ estimates of $3.66 billion. However, this growth could have reached 21.0% if the company had not sold PayPal’s US consumer credit portfolio to Synchrony Financial (SYF) in July.
The recent pullback has meant that eBay has fallen 24% in 2018. During its earnings call, PayPal (PYPL) reported a slowdown in merchandise volume at eBay, which led to a downgrade in stock ratings for the company. According to PayPal, eBay’s TPV (total payment volume) rose 3% YoY (year-over-year) in the third quarter compared to a 6% rise in the prior two quarters of 2018.
On October 18, PayPal (PYPL) posted impressive third-quarter results, exceeding its earnings and revenue estimates. PayPal reported EPS of $0.58, beating Wall Street’s estimate of $0.54 by 7.4%. Its third-quarter earnings per share were in line with the company’s expectations of $0.53–$0.55.
Although the surprise departure of the finance chief shocked investors and triggered a sell-off in Square shares, Square CEO Jack Dorsey has downplayed the loss. While Friar’s contribution to Square’s success is undeniable, Dorsey says no single individual has been the brain of the company, meaning that Friar’s departure won’t cripple Square. According to Dorsey, Square’s structure is organized in such a way that its various units have their own leaders, who are each responsible for execution.
Numbers By Barron’s is a two-minute financial podcast with three vital numbers to start your morning. Third quarter earnings season is in full swing, with analysts expecting 21% growth over last year. PayPal still processes 75% of payment volume on eBay’s online marketplace.
Stocks surged in early trading after better-than-expected reports from companies including Procter & Gamble, American Express and PayPal. Procter & Gamble, the world's largest consumer products maker, had its biggest rally in 10 years. The market settled back into its usual pattern from the last two weeks, as companies that depend on economic growth struggled and those with more "defensive" qualities such as high dividends did better, a sign investors are worried about a few threats to growth: rising interest rates, trade tensions between the U.S. and China, and this week, some sluggish reports about housing construction and sales.
It’s been more than three years since eBay completed its spinoff of PayPal, but the companies’ fates are still intertwined—and not necessarily to each others’ benefit.
Stocks that moved substantially or traded heavily Friday: Procter & Gamble Co., up $7.06 to $87.30 The consumer products company reported a greater-than-expected profit as beauty product revenue rose. ...
An unwelcome acquisition, a hint of trouble from a key partner, and a shift from optimism to pragmatism put these companies' stocks well in the red for the day.
Procter & Gamble, PayPal and Dentsply Sirona staked out early leads Friday as a rebounding market looked to stem its three-week decline.