Welcome to our dedicated page for Western Union news (Ticker: WU), a resource for investors and traders seeking the latest updates and insights on Western Union stock.
Western Union (WU) is a global leader in cross-border money transfers and digital payment solutions, serving individuals and businesses through its extensive network of locations and online platforms. This dedicated news hub provides investors and financial professionals with timely updates on corporate developments shaping the remittance industry.
Track official press releases, earnings reports, and strategic announcements to stay informed about Western Union's market position. Our curated news collection covers regulatory updates, partnership agreements, technology innovations, and operational expansions – all critical for assessing the company's performance in the competitive financial services sector.
Key areas of coverage include digital transformation initiatives, compliance developments in global markets, and strategic partnerships enhancing Western Union's agent network. This resource eliminates the need to monitor multiple sources, offering a centralized repository for due diligence and investment research.
Bookmark this page for direct access to Western Union's latest financial communications and market-moving updates. Combine historical context with real-time developments to better understand this established player in international money transfers.
The Western Union Company (NYSE: WU) reported second quarter revenue of $1.3 billion, marking a 16% increase year-over-year. GAAP EPS rose to $0.54 from $0.39, driven by revenue growth and lower tax rates. The company reaffirmed its adjusted financial outlook for 2021, anticipating solid growth, particularly in digital money transfer, expected to surpass $1 billion in revenue. Additionally, WU plans to divest its Business Solutions unit for approximately $910 million in cash, enhancing focus on cross-border consumer payments.
The Western Union Company (NYSE: WU) has entered a definitive agreement with Goldfinch Partners and The Baupost Group to sell Western Union Business Solutions for approximately $910 million in cash. This segment, accounting for around 7% of the company's revenue as of June 30, 2021, will help Western Union focus on its global cross-border payments platform. The deal is expected to close in two stages, with over $800 million anticipated in net proceeds from the first closing, which will support growth initiatives, dividends, acquisitions, and share repurchases.
The Western Union Company (NYSE: WU) has declared a quarterly cash dividend of $0.235 per common share, scheduled for payment on September 30, 2021. Shareholders of record as of September 16, 2021 will receive this dividend. As a global leader in cross-border money movement, Western Union connects over 200 countries and territories, providing seamless financial services and access to millions of digital wallets and retail locations.
Western Union (NYSE: WU) announced that CEO Hikmet Ersek and CFO Raj Agrawal will host a webcast and conference call on August 4, 2021, at 4:30 p.m. ET to discuss the company's second quarter 2021 results. A press release with financial results will be issued at approximately 4:00 p.m. ET on the same day. To participate, registration is required, and a replay will be available afterward on their investor website.
Western Union (NYSE: WU), in collaboration with the Western Union Foundation, has launched two initiatives supporting BIPOC business leaders. Project Finish Line offers scholarships to BIPOC students, aiding those attending historically black colleges and universities. The Foundation also funds Sistahbiz, providing leadership support to Black female-owned businesses. These initiatives aim to tackle economic disparities and enhance opportunities for minority communities. Additionally, Western Union will observe Juneteenth as a paid holiday for its U.S. employees.
Western Union (NYSE: WU) has enhanced its digital platform by partnering with Australia Post to enable international digital money transfers. As the fifth national postal organization to implement these services, Australia Post joins other institutions like La Banque Postal and the UK's Post Office. This partnership allows customers to send money globally 24/7, leveraging Western Union's extensive network, which includes billions of bank accounts and over half a million agent locations. Western Union aims to improve connectivity and customer service through these collaborations, adhering to its commitment to digital innovation.
The Western Union Company (NYSE: WU) announced its participation in the Morgan Stanley US Financials, Payments & CRE Conference on June 15, 2021, at 2:45 p.m. Eastern time. Key executives, Shelly Swanback and Brad Windbigler, will present during the session. Investors can listen to the presentation via a webcast available on Western Union's investor relations page. The company is a leader in cross-border, cross-currency money movement, connecting over 200 countries and territories through its extensive financial network.
The Western Union Company (NYSE: WU) announced its participation in the Bank of America Global Technology Conference on June 10, 2021. The presentation, starting at 4:00 p.m. Eastern time, will feature Raj Agrawal, CFO, and Shelly Swanback, President of Product and Platform. Investors can access the live webcast on Western Union's investor relations page, with an archived version available post-event. Western Union is a leader in cross-border, cross-currency payments, connecting over 200 countries and territories through extensive networks.
Walmart and Western Union have collaborated to expand financial services, allowing customers to transfer funds from nearly 4,700 Walmart locations across the U.S. to over 200 countries. This initiative aims to enhance accessibility for customers, especially during challenging times like the COVID-19 pandemic. Walmart's Financial Services VP emphasized the importance of this service in customers' lives. The partnership will facilitate international money transfers, bill payments, and money orders, leveraging Western Union's global network, which connects millions of accounts worldwide. This service represents Walmart's commitment to providing value and choice to its customers.
