Western Union Stock Price, News & Analysis

The Western Union Company (NYSE: WU) has condemned the invasion of Ukraine and expressed solidarity with its people. The company is actively supporting its Ukrainian customers, including those displaced by the conflict, through humanitarian donations and fee-free money transfer services. In response to the ongoing crisis, Western Union has decided to suspend operations in Russia and Belarus after careful consideration of the implications for its stakeholders. The organization emphasizes its commitment to the safety of its employees and ongoing support for Ukrainian refugees.

The Western Union Company (NYSE: WU) announced the completion of the first closing of its divestiture of the Business Solutions segment for $910 million in cash to Goldfinch Partners and The Baupost Group. This divestiture excludes the European operations and will be finalized in two stages. The second closing is anticipated in the second half of 2022, which will include the remaining operations. The company has received full proceeds from this initial closing, enhancing its financial position.

Western Union has partnered with M Lhuillier to allow customers in the Philippines to receive money transfers via the ML Wallet, available on both Android and iOS platforms. Users can easily receive funds by entering the unique money transfer control number (MTCN). A send capability is expected to be launched in the upcoming months. This expansion of services builds upon the existing network of over 2,600 M Lhuillier locations across the country, enhancing access to financial services for those without bank accounts.

Western Union (NYSE: WU) announced its participation in the Wolfe FinTech Forum on March 10, 2022, at 9:45 a.m. EST. CEO Devin McGranahan and CFO Raj Agrawal will present insights about the company's operations in cross-border and cross-currency money movement. Investors can access the presentation via a webcast on Western Union's investor relations page, with an archived version available post-event. Western Union connects consumers, businesses, and governments across over 200 countries and territories, facilitating seamless financial transactions.

The Western Union Company (NYSE: WU) announced its presentation at the 6th Annual Evercore ISI Payments & Fintech Innovators Forum on March 4, 2022, at 11:00 a.m. Eastern Standard Time. Chief Financial Officer Raj Agrawal will speak during the event. Investors can access the presentation through a live webcast available on the company's investor relations page. The archived presentation will be available after the event. Western Union is a leader in cross-border, cross-currency payments, connecting consumers and businesses globally.

Western Union is partnering with Travel Wallet to offer money transfer services through the Travel Wallet app in South Korea. Users can now send money internationally, with plans to enable receipt of funds in the future. The app supports both Android and iOS, allowing customers to fund transfers from local bank accounts. Western Union's extensive global network will facilitate cash and bank account payouts across various countries. This collaboration aims to enhance financial connectivity for users, contributing to Western Union's mission of providing seamless cross-border money movement.

The Western Union Company (NYSE: WU) reported Q4 earnings with a GAAP EPS of $0.42 and adjusted EPS of $0.64, marking a year-over-year increase. Digital money transfer revenue soared by 22% in 2021, exceeding $1 billion. Q4 revenue reached $1.3 billion, a 1% increase, buoyed by digital growth despite a slump in retail transfers. The company announced a new $1 billion share repurchase program and a quarterly dividend of $0.235 per share. For 2022, revenue is expected to decline mid-single digits, with adjusted EPS projected between $1.90 and $2.00.

The Western Union Company (NYSE: WU) will host a webcast and conference call on February 10, 2022, at 4:30 p.m. ET to discuss its fourth quarter and full year 2021 results. A press release with the financial results will be issued at approximately 4:05 p.m. ET the same day. Interested parties can access the webcast at https://ir.westernunion.com. Dial-in numbers for the call include +1 (669) 900-6833 or +1 (253) 215-8782 with a conference code of 950 4942 2800. A replay will also be available on their website.