PayPal has announced a rise in revenue for the fourth quarter, driven by higher payment volumes across its platform and Venmo. The digital payments company reported a profit of $1.4 billion, or $1.29 a share, compared to $921 million, or 81 cents a share, for the same period in the previous year. After excluding one-time items, earnings per share came in at $1.48, which … [Read more...] about PayPal Reports Increase in Revenue for Fourth Quarter
PayPal
PayPal Faces Skepticism on Turnaround Efforts
PayPal Holdings Inc. finds itself in a precarious position once again, as doubts linger among some investors on Wall Street regarding the company's ability to successfully execute its turnaround plan. PayPal's shares have tumbled in premarket trading, with analysts expressing skepticism about the effectiveness of the company's recent efforts. Wells Fargo analyst Andrew Bauch, … [Read more...] about PayPal Faces Skepticism on Turnaround Efforts
Payment Stocks Block and PayPal Slide, but Analyst Sees Potential
Payment stocks Block and PayPal Holdings both experienced declines on Tuesday, but according to BMO Capital Markets analyst Rufus Hone, it may be too early to dismiss them. Hone, who recently took over coverage of Block at the firm, maintained an Outperform rating on the shares despite cutting the price target to $84 from $93. Block's shares were down 1% to $64.36 on … [Read more...] about Payment Stocks Block and PayPal Slide, but Analyst Sees Potential
PayPal Sees Opportunity in Adyen’s Analysis
PayPal Holdings Inc.'s stock has experienced a significant decline, dropping about 80% from its highest closing peak. However, an analysis of the recent earnings report from Dutch payment processor Adyen NV suggests that this could be good news for PayPal's stock. Adyen's report revealed an unsettling reality for the payments landscape, highlighting the lack of technological … [Read more...] about PayPal Sees Opportunity in Adyen’s Analysis
