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Pitney Bowes Inc. - PBI STOCK NEWS

Welcome to our dedicated page for Pitney Bowes news (Ticker: PBI), a resource for investors and traders seeking the latest updates and insights on Pitney Bowes stock.

Pitney Bowes Inc. (NYSE: PBI) is a renowned global technology company established in 1920, dedicated to offering innovative products and solutions that help clients navigate the complexities of commerce. With a focus on customer information management, location intelligence, customer engagement, shipping and mailing, and global e-commerce, Pitney Bowes serves more than 1.5 million clients worldwide, including 90% of the Fortune 500, over 200 retailers, and numerous small businesses.

Pitney Bowes operates through three main business segments: Global E-commerce, Presort Services, and SendTech Solutions, with the majority of its revenue generated in the United States. The company's extensive portfolio includes domestic delivery, return and fulfillment services, cross-border shipping solutions, presorting services, and digital mailing and shipping technologies.

Driving their relentless pursuit of innovation are Pitney Bowes' 15,000+ dedicated employees. The company's commitment to technological advancement is evident in its 2,300 active patents, ensuring precise and accurate solutions for their clients. Recent partnerships, such as the one with ReverseLogix, enhance their service offerings, providing substantial savings and increased efficiency in return shipments.

In terms of financial health and corporate responsibility, Pitney Bowes continues to progress, leveraging its longstanding expertise and modern capabilities to meet the evolving needs of its diverse clientele. For the latest updates, corporate announcements, and financial results, visit their newsroom.

News

ReverseLogix and Pitney Bowes Launch Partnership for Consolidated Returns Service

Rhea-AI Summary
ReverseLogix (RLOG) Announces Partnership with Pitney Bowes to Streamline Return Shipping Services, Lower Costs, and Reduce Waste
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5.36%
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News

Customers Bank Selects Funding Circle To Power Small Business Lending

Rhea-AI Summary
Funding Circle (LSE: FCH): Customers Bank to Expand Digital SMB Lending with Funding Circle's LaaS Platform
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-2.73%
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Pitney Bowes Strengthens Network Capabilities Through Automation and Expanded Delivery Services

Rhea-AI Summary
Pitney Bowes (NYSE:PBI) strengthens domestic parcels network and service with new automated ecommerce hubs, robotics solutions, and expanded regional delivery service, leveraging emerging technologies to meet growing client demand for faster, more efficient delivery and returns services.
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4.1%
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Funding Circle U.S. Appoints Kos Joshi to Lead Embedded Finance & Partnerships

Rhea-AI Summary
Funding Circle announces the appointment of Kaustubh Joshi as Head of Embedded Finance & Partnerships for the U.S. business. Joshi will be responsible for attracting more small businesses through the company's embedded platform and strategic partnerships. Funding Circle has been granted a license by the U.S. Small Business Administration to originate SBA 7(a) loans up to $5 million nationwide.
Rhea-AI Impact
Rhea-AI Sentiment
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-3.41%
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partnership management
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News

Pitney Bowes Declares Common Stock Dividend

Rhea-AI Summary
Pitney Bowes Inc. (NYSE:PBI) has declared a quarterly cash dividend of $0.05 per share on its common stock. The dividend will be paid on December 6, 2023, to stockholders of record on November 15, 2023.
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25.55%
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Pitney Bowes Announces Third Quarter 2023 Financial Results

Rhea-AI Summary
Pitney Bowes announced its Q3 2023 financial results, reporting a decrease in revenue of 6% on a reported basis and 1% on a comparable basis. The SendTech and Presort segments showed profit growth and margin expansion, while the Global Ecommerce segment did not meet financial expectations. The company is increasing its 2024 annualized cost savings by an additional $40 million, bringing the total to approximately $115 million. Cash and short-term investments were $579 million at quarter-end. Pitney Bowes is ahead of schedule on its restructuring plan and is targeting $75 to $85 million in annual savings by the end of 2024.
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25.55%
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News

Ambi Robotics Expands Partnership with Pitney Bowes to Automate Middle-Mile Sorting

Rhea-AI Summary
Pitney Bowes deploys AmbiSort B-Series solution for middle-mile operations, improving productivity and worker safety.
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1.64%
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partnership
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Pitney Bowes Announces Leadership Transition

Rhea-AI Summary
Pitney Bowes appoints Jason Dies as interim CEO, forming a Long-Term Planning Committee to search for a permanent successor. Dies will focus on cost optimization and restructuring efforts while identifying opportunities for performance improvement. Marc Lautenbach steps down as President and CEO.
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15.56%
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Despite Inflation, Consumer Spending to Remain Strong This Holiday Season, According to New Pitney Bowes Data

Rhea-AI Summary
Consumers plan to buy online more or the same as last year, with 32% planning to shop online more, 48% planning to spend the same, and only 20% planning to spend less. Online sales are up more than 7% versus 2022. Gen Z and Millennials are less likely to curtail online spending. Retailer earnings from Q2 saw mid-priced and discount brands reporting stellar results. 39% of consumers agree it has become harder to qualify for free shipping, and 42% expect it to be harder this holiday season. Retailers face challenges with carrier cost structures, customer tracking, returns fraud, and cross-border shipping. Visit www.pitneybowes.com/boxpoll for more guidance.
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-3.67%
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Pitney Bowes Finds 66% of College Students Wished They Had More Secure Package Delivery

Rhea-AI Summary
Pitney Bowes announces study on campus parcel management and smart locker solutions. 54% of students reported package issues. Modern technology important to students. Interest in smart lockers for flexible package pickup. Smart lockers address demand for safe and secure parcel management. Contactless delivery and 24/7 self-service access offered. Poll conducted among 2259 US Adults.
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8.58%
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FAQ

What is the current stock price of Pitney Bowes (PBI)?

The current stock price of Pitney Bowes (PBI) is $8.05 as of November 22, 2024.

What is the market cap of Pitney Bowes (PBI)?

The market cap of Pitney Bowes (PBI) is approximately 1.4B.

What does Pitney Bowes Inc. do?

Pitney Bowes Inc. offers innovative products and solutions in customer information management, location intelligence, customer engagement, shipping and mailing, and global e-commerce.

What are the main business segments of Pitney Bowes?

Pitney Bowes operates through three main segments: Global E-commerce, Presort Services, and SendTech Solutions.

Who are the clients of Pitney Bowes?

Pitney Bowes serves over 1.5 million clients, including 90% of the Fortune 500, more than 200 retailers, and many small businesses.

Where does Pitney Bowes generate most of its revenue?

The majority of Pitney Bowes' revenue is generated from operations in the United States.

What recent partnership has Pitney Bowes entered into?

Pitney Bowes has partnered with ReverseLogix to enhance their return management services, providing cost savings and greater efficiency for customers.

How many employees does Pitney Bowes have?

Pitney Bowes employs over 15,000 people globally.

How many patents does Pitney Bowes hold?

Pitney Bowes holds over 2,300 active patents.

When was Pitney Bowes founded?

Pitney Bowes was founded in 1920.

What recent achievements has Pitney Bowes announced?

Pitney Bowes recently announced a partnership with ReverseLogix to offer enhanced return management capabilities, leading to cost savings and improved efficiency for customers.

Where can I find the latest news about Pitney Bowes?

For the latest updates, corporate announcements, and financial results, visit Pitney Bowes' newsroom at www.pitneybowes.com/us/newsroom.

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Pitney Bowes Inc.

NYSE:PBI

PBI Rankings

#2273 Ranked by Market Cap
#1197 Ranked by Dividends

PBI Stock Data

1.42B
178.09M
1.87%
69.91%
7.28%
Integrated Freight & Logistics
Office Machines, Nec
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United States of America
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