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PayPal Holdings, Inc. stock price
PayPal Holdings, Inc. latest news:
BRIEF-Carl Icahn cuts shared share stake in PayPal Holdings by 68.3 pct
Carl Icahn. * Carl Icahn cuts shared share stake in PayPal Holdings Inc (PYPL) by 68.3% to 10 million shares - SEC filing. * Carl Icahn - change in holdings are as of June 30, 2017 and compared with the previous quarter ended as of March 31, 2017 Source text for quarter ended June 30, 2017: Source text for quarter ended March 31, 2017 Further company coverage:
PayPal acquires small-business lender Swift Financial for undisclosed sum
PayPal Holdings Inc. announced Thursday that it is acquiring small-business lender Swift Financial. The online lender's shares were down 2.8% in early afternoon trading. PayPal did not disclose the deal's terms and said the acquisition would close by the end of the year. Delaware-based Swift Financial offers credit to businesses through loans and advances, and the deal will increase small-business owners' access to capital via loans of up to $500,000, and credit to merchants not using its services. PayPal has operated its own Working Capital unit since 2013, and has loaned more than $3 billion to small-businesses in total. PayPal shares have climbed more than $35% year-to-date, while the S&P 500 index has gained 9.4%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
China's Baidu enters strategic partnership with Paypal to tap Chinese tourists
Baidu Inc(BIDU) said on Friday that it has entered a strategic agreement with PayPal Holdings Inc (PYPL) to tap overseas merchants as Chinese tech companies ramp up the fight for overseas payment partnerships. Under the agreement, Baidu's (BIDU) payment platform, Baidu Wallet, will be accepted by roughly 17 million PayPal (PYPL) merchants globally, the Chinese firm said in a statement on Thursday.
PayPal beats estimates, raises 2017 forecasts
(Reuters) - PayPal Holdings Inc reported a better-than-expected quarterly profit as the payment processor's growing strategic partnerships helped boost payment volumes.
PayPal shares up 2% after company tops views, raises guidance
Shares of PayPal Inc. rose 2% late Wednesday after the mobile payment company reported second-quarter earnings above expectations and raised its full-year guidance. PayPal said it earned $411 million, or 34 cents a share, in the quarter, compared with $323 million, or 27 cents a share, in the year-ago period. Adjusted for one-time items, the company earned 46 cents, compared with 36 cents a year ago. Revenue hit $3.14 billion, from $2.65 billion a year ago. Analysts polled by FactSet had expected adjusted per-share earnings of 43 cents on sales of $3.09 billion. Transactions were up 23%, the company said. PayPal expects its revenue to grow between $12.78 billion to $12.88 billion in 2017, with GAAP per-share earnings in a range of $1.32 and $1.36. Full-year adjusted earnings were seen between $1.80 a share and $1.84 a share. The analysts surveyed by FactSet had forecast 2017 sales at $12.7 billion and per-share adjusted earnings of $1.79. Shares ended the regular trading session up 0.9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
PayPal's profit rises 27.2 percent
PayPal Holdings Inc reported a 27.2 percent rise in quarterly profit as the payment processor's growing strategic partnerships helped boost payment volumes.
PayPal's profit rises 27.2 pct
PayPal Holdings Inc(PYPL) reported a 27.2 percent rise in quarterly profit as the payment processor's growing strategic partnerships helped boost payment volumes. The company's net income rose to $411 million, or 34 cents per share, in the second quarter ended June 30, from $323 million, or 27 cents per share, a year earlier. Revenue rose to $3.14 billion from $2.65 billion.
Citi, Paypal will expand cardmember benefits
Citigroup Inc. [s:c] and Paypal Holdings Inc. said Thursday they would enable some Citi cardmembers to use ThankYou Points to pay for some or all of their purchase when shopping online with merchants that accept PayPal. There are 14 million ThankYou Rewards members in the U.S., according to Citi, and the agreement will allow this access to millions of merchants, the two companies said. On Thursday, the Wall Street Journal reported PayPal was also set to announce it would soon be easier for card customers of J.P.Morgan Chase Inc. to pay for in-store purchases with PayPal. Paypal was nearly 1% higher in morning trading, and has returned 49.2% for the year to date, while Citi was flat for the day. The bank has returned 12.3% for the year to date, compared to 10.5% for the S&P 500 and 9.5% for the Dow Jones Industrial Average.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Visa and PayPal extend their partnership to Europe
Visa Inc. and PayPal Holdings Inc. said Tuesday they are extending their U.S. and Asia partnership to Europe. PayPal will use its banking license in Europe to join the Visa network of financial institutions and offer Visa accounts in Europe for consumers to use wherever Visa is accepted around the world. PayPal will also have access to the Visa Digital Enablement Program, which provides partners with access to tokenisation technology, to make secure payment on mobile phones or other connected devices. Visa shares were up 0.3% in early trade, while PayPal was up 1%. The S&P 500 was flat.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-PayPal acquisition of Tio Networks to help democratize financial services
PayPal Holdings Inc(PYPL)- * PayPal(PYPL) acquisition of Tio Networks to help democratize financial services. * Core Innovation Capital - portfolio company Tio Networks acquired by PayPal Source text for Eikon: Further company coverage:
What Happened in the Stock Market Today
On a strong day for the market, shares of NRG Energy surged on a restructuring plan, and PayPal struck a deal with Apple.
PayPal shares on track for record close after Apple partnership
Shares of PayPal Holdings Inc. were on track to close at a record high Wednesday after the company announced a partnership with Apple Inc . Under the partnership, consumers can use PayPal to pay for items in Apple's App Store, Apple Music, iTunes and iBooks. The ability to pay with PayPal is available across 12 countries, including the U.S., UK and Australia. The option is available on all Apple devices. PayPal shares were climbing 4% Wednesday afternoon, reaching an intraday high of $57.44. PayPal's highest close so far was $53.74 on June 26. PayPal shares have been on the uptick recently, with shares gaining 34% in the past three months, compared with the S&P 500's gain of 4.3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Vantiv-WorldPay deal shows Square and PayPal value, Jim Cramer says
Vantiv's plans to purchase Worldpay reveals the value in payments stocks Square SQ and PayPal . JPMorgan Chase also reportedly made an offer for Worldpay.
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China will drive 20% cross-border e-commerce growth to $627 billion by 2022: Forrester
Cross-border e-commerce will grow 20% to $627 billion by 2022 with China driving the increase, according to the latest research from Forrester. Over that five year period, cross-border e-commerce growth will outpace domestic growth, the data said. As shoppers become more sophisticated, they are searching for cheaper goods. Increases in cross-border e-commerce are also driving the development of new services, like one from Paypal Holdings Inc. to manage costly returns. Two-thirds of cross-border online shopping is done through marketplaces, with clothes and consumer electronics the most popular purchases. The SPDR S&P Retail ETF is down 8.2% for the year to date while the S&P 500 index is up 8.6% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Vantiv shares slump almost 4% after Worldpay offer
Shares of U.S. credit-card processor Vantiv Inc. slumped almost 4% Wednesday after resuming trading following a halt for the news that it has agreed to merger terms with the U.K.'s Worldpay Group Inc. in a deal valued at $10 billion. Worldpay and Vantiv announced the deal early Wednesday, beating out rival J.P. Morgan Chase & Co. , which said shortly after that it would not be making an offer of its own. Vantiv is offering a total of 3.85 pounds in a cash and stock offer that is about 19% above Worldpay's closing price on Monday. Analysts at Stifel said in a note written before the terms were released that a deal would make strategic sense, although they were wary of it coming at too high a price. Speculation on Tuesday had placed the price at a higher range than the one agreed. While PayPal's name was not mentioned in any of the coverage of the deal on Tuesday, "we think it makes sense strategically and wouldn't be surprised to see PYPL enter the fray," they wrote. PayPal shares were last up 2%. Vantiv shares have gained 1.4% in 2017, while the S&P 500 has gained 8.6%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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