Archives: CurrencyNewsWire

PayPal Holdings (NASDAQ: PYPL) is gearing up for its upcoming earnings report, with Wall Street setting the stage for an interesting outcome. The company, a giant in the digital payments space, competes with other financial technology firms to facilitate online money transfers and payment processing for consumers and businesses worldwide. As the earnings date approaches, expectations are mixed, with analysts predicting a dip in earnings per share (“EPS”) year-over-year but projecting an uptick in revenues for the quarter ending June 2024.

The consensus among analysts suggests an EPS of $0.96, which would represent a 17.2% decrease from the previous year. However, revenues are expected to climb by 6.8% to reach $7.78 billion. This mixed forecast reflects the complex dynamics at play in the digital payments sector, where PayPal continues to expand its market presence. The company’s valuation metrics, such as the price-to-earnings (P/E) ratio of approximately 14.78 and the price-to-sales (P/S) ratio of about 2.07, underscore its moderate valuation in the competitive landscape.

Recent optimism is evident from the upward revision of the consensus EPS estimate by 0.38% over the last 30 days, hinting at analysts’ growing confidence in PayPal’s performance. This adjustment may stem from the latest business insights or operational improvements within the company. Furthermore, PayPal’s Earnings ESP (Expected Surprise Prediction) of +2.96%, coupled with a Zacks Rank of #1 (Strong Buy), points towards a strong possibility of an earnings beat. This potential outcome is supported by PayPal’s track record of surpassing consensus EPS estimates in three of the last four quarters.

Financial ratios such as the enterprise value to sales (EV/Sales) and the enterprise value to operating cash flow (EV/OCF) provide additional context to PayPal’s valuation. With an EV/Sales ratio of around 2.07 and an EV/OCF ratio of approximately 11.28, these figures suggest that the market values PayPal’s sales and operating cash flow at a healthy level, reflecting its solid business model and operational efficiency. The earnings yield of about 6.77% further offers investors insight into the potential return on investment from PayPal’s earnings.

As investors and analysts await the earnings call, they will be looking for insights into PayPal’s business conditions, future prospects, and how the company plans to navigate the challenges and opportunities ahead. The combination of anticipated revenue growth, valuation metrics, and the potential for an earnings beat makes the upcoming earnings report a pivotal moment for PayPal.

To view the company’s Q1 earnings release, visit https://ibn.fm/jzuhB

About PayPal

PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit www.PayPal.com.

About CurrencyNewsWire

CurrencyNewsWire (“CNW”) is a state-of-the-art digital hub that aggregates and disseminates news and information covering the fast-moving financial markets. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. CNW covers companies, currencies and events that impact traditional fiat currencies and their market dynamics; cryptocurrencies, blockchain technologies and digital assets; the Federal Reserve’s policies and their influence on financial markets; global economic and monetary trends and their far-reaching influence; regulatory changes and their implication; as well as banking, finance, financial innovations, and investment strategies.

CNW is the central platform for understanding the multifaceted world of currencies and finance.

For more information, please visit https://www.CurrencyNewsWire.com

Please see full terms of use and disclaimers on the CurrencyNewsWire website applicable to all content provided by CNW, wherever published or re-published: https://www.CurrencyNewsWire.com/Disclaimer

CurrencyNewsWire
Los Angeles, CA
www.CurrencyNewsWire.com
310.299.1717 Office
Editor@CurrencyNewsWire.com

CurrencyNewsWire is powered by IBN

The recent global outage, triggered by a software update from cybersecurity firm CrowdStrike Holdings (NASDAQ: CRWD), has had a profound impact on systems worldwide, including airports and stock exchanges. This incident, caused by a defect in a content update for Windows hosts, underscores the critical role cybersecurity firms play in maintaining the digital infrastructure’s integrity. CrowdStrike, a leading player in the cybersecurity space, offers solutions like the Falcon Sensor, part of its Endpoint Detection and Response platform, designed to protect systems from cyber threats. However, this incident has brought to light the challenges even leading cybersecurity firms face in ensuring the reliability of their updates.

CrowdStrike’s CEO, George Kurtz, has acknowledged the issue, emphasizing that it was not related to a security incident or cyberattack but rather a defect in a software update. The company’s swift response to deploy a fix highlights the complexities involved in managing cybersecurity solutions that are integral to the functioning of critical global infrastructure. Despite the efforts, the continued crashes related to the Falcon Sensor have had widespread repercussions, affecting not just the cybersecurity landscape but also the operations of businesses and public services globally.

On the other hand, Microsoft Corp. (NASDAQ: MSFT), whose Windows operating system was directly impacted by the faulty update, has also felt the ripple effects of the outage. With its share price experiencing a decrease of $4.235 to $436.135, the incident has not only highlighted the vulnerabilities in the world’s digital infrastructure but also the financial implications for major tech companies. Microsoft’s acknowledgment of the impact on Windows devices and its guidance provided on the Azure status page reflect the broader economic consequences of such disruptions.

The incident’s global reach and its effect on core internet infrastructure have brought to the forefront the interconnectedness of modern digital services and the potential for significant economic fallout from such disruptions. With a market capitalization of about $3.24 trillion, Microsoft’s financial performance and stock market valuation are indicative of the broader tech industry’s susceptibility to cybersecurity incidents. The fluctuation in MSFT’s shares, ranging from a low of $309.45 to a high of $468.35 over the past year, further illustrates the volatile nature of tech stocks in response to unforeseen challenges.

This event serves as a stark reminder of the critical importance of cybersecurity and the potential consequences when systems that the world relies on are disrupted. As companies like CrowdStrike and Microsoft navigate the aftermath of this outage, the incident underscores the ongoing challenges in safeguarding digital infrastructure against the complexities of software updates and cybersecurity threats.

To view Microsoft’s most recent news release, visit https://ibn.fm/GWPzI

About Microsoft

Microsoft creates platforms and tools powered by AI to deliver innovative solutions that meet the evolving needs of our customers. The technology company is committed to making AI available broadly and doing so responsibly, with a mission to empower every person and every organization on the planet to achieve more. For more information, visit the company’s website at www.Microsoft.com.

About CurrencyNewsWire

CurrencyNewsWire (“CNW”) is a state-of-the-art digital hub that aggregates and disseminates news and information covering the fast-moving financial markets. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. CNW covers companies, currencies and events that impact traditional fiat currencies and their market dynamics; cryptocurrencies, blockchain technologies and digital assets; the Federal Reserve’s policies and their influence on financial markets; global economic and monetary trends and their far-reaching influence; regulatory changes and their implication; as well as banking, finance, financial innovations, and investment strategies. CNW is the central platform for understanding the multifaceted world of currencies and finance

To receive SMS text alerts from CurrencyNewsWire, text “Currency” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.CurrencyNewsWire.com

Please see full terms of use and disclaimers on the CurrencyNewsWire website applicable to all content provided by CNW, wherever published or re-published: https://www.CurrencyNewsWire.com/Disclaimer

CurrencyNewsWire
Los Angeles, CA
www.CurrencyNewsWire.com
310.299.1717 Office
Editor@CurrencyNewsWire.com

CurrencyNewsWire is powered by IBN

PayPal Holdings (NASDAQ: PYPL), a leading digital payments platform, has been experiencing a period of stagnation in its stock performance, contrasting sharply with the broader market’s gains, particularly the S&P 500’s climb to new highs. This stagnation comes despite the company’s reported increase in transaction volume, a key indicator of its operational health and potential for revenue growth. PayPal’s ability to generate significant free cash flow (“FCF”) from this increased transaction activity is a critical factor that could drive its stock performance in the near future.

The company’s stock has seen a nearly 3% decline this year and an 11% drop over the past twelve months, as highlighted by InvestorPlace. Despite these challenges, PayPal’s current trading price of $59.52, with a slight increase of $0.43 or approximately 0.72% in a recent session, reflects investor optimism. The stock’s fluctuation between a low of $58.44 and a high of $59.52 during the day, and its trading range of $50.25 to $76.54 over the past year, underscore the volatility and the potential upside for investors.

PayPal’s market capitalization of approximately $62.26 billion, coupled with a trading volume of 3.84 million shares on the NASDAQ exchange, demonstrates the company’s substantial size and liquidity in the market. These factors are essential for investors, as they indicate PayPal’s ability to withstand market fluctuations and capitalize on growth opportunities.

The company’s focus on maintaining a robust share repurchase program and sustaining its net income growth rate are strategic moves that could bolster investor confidence. These efforts are expected to contribute positively to PayPal’s earnings per share (“EPS”) in 2024, potentially exceeding the less optimistic consensus among analysts. This outlook is particularly relevant for investors looking for opportunities in stocks that are currently undervalued but have strong fundamentals and growth prospects.

Cathie Wood’s inclusion of PayPal in her portfolio, despite the recent downturn in her funds’ performance relative to major indexes, signals her belief in the stock’s undervaluation and growth potential. As a renowned investor known for identifying high-growth opportunities, Wood’s interest in PayPal suggests that the company’s current stock price levels represent a compelling entry point for long-term investors. This perspective, combined with PayPal’s operational strengths and strategic initiatives, positions the company as an attractive investment option amidst the current market dynamics.

To view the company’s most recent earnings release, visit https://ibn.fm/f4Ufg

About PayPal

PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit www.PayPal.com.

About CurrencyNewsWire

CurrencyNewsWire (“CNW”) is a state-of-the-art digital hub that aggregates and disseminates news and information covering the fast-moving financial markets. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. CNW covers companies, currencies and events that impact traditional fiat currencies and their market dynamics; cryptocurrencies, blockchain technologies and digital assets; the Federal Reserve’s policies and their influence on financial markets; global economic and monetary trends and their far-reaching influence; regulatory changes and their implication; as well as banking, finance, financial innovations, and investment strategies. CNW is the central platform for understanding the multifaceted world of currencies and finance

To receive SMS text alerts from CurrencyNewsWire, text “Currency” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.CurrencyNewsWire.com

Please see full terms of use and disclaimers on the CurrencyNewsWire website applicable to all content provided by CNW, wherever published or re-published: https://www.CurrencyNewsWire.com/Disclaimer

CurrencyNewsWire
Los Angeles, CA
www.CurrencyNewsWire.com
310.299.1717 Office
Editor@CurrencyNewsWire.com

CurrencyNewsWire is powered by IBN

• PayPal reported a 9.4% increase in top-line revenue and a 14% year-over-year growth in total payment volume, highlighting its robust growth trajectory
• The company’s strategic initiatives, including the expansion of Venmo and the introduction of new features like Fastlane, are poised to drive further growth and user engagement
• Despite competition from Apple, PayPal maintains a dominant market share in online payments, with strategic focuses that underscore its competitive edge and resilience

PayPal Holdings (NASDAQ: PYPL), a leading digital payments platform, has been navigating through a period of strong growth amidst a challenging macroeconomic landscape. With a vast user base and a reputation for innovation in the fintech sector, PayPal has established itself as a key player in the digital payments space, competing directly with giants like Apple (NASDAQ: AAPL). Despite facing stiff competition, particularly with Apple’s introduction of new fintech features, PayPal’s recent financial performance and strategic initiatives indicate a robust growth trajectory.

In the first quarter, PayPal reported a notable 9.4% increase in top-line revenue, reaching $7.7 billion, and a 14% year-over-year growth in total payment volume, which hit $404 billion. These figures underscore the company’s ability to expand its operations and attract more transactions across its platform, even in…

Read More>>

For more information, visit the company’s website at www.PayPal.com.

About CurrencyNewsWire

CurrencyNewsWire (“CNW”) is a state-of-the-art digital hub that aggregates and disseminates news and information covering the fast-moving financial markets. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. CNW covers companies, currencies and events that impact traditional fiat currencies and their market dynamics; cryptocurrencies, blockchain technologies and digital assets; the Federal Reserve’s policies and their influence on financial markets; global economic and monetary trends and their far-reaching influence; regulatory changes and their implication; as well as banking, finance, financial innovations, and investment strategies.

CNW is the central platform for understanding the multifaceted world of currencies and finance.

For more information, please visit https://www.CurrencyNewsWire.com

Please see full terms of use and disclaimers on the CurrencyNewsWire website applicable to all content provided by CNW, wherever published or re-published: https://www.CurrencyNewsWire.com/Disclaimer

CurrencyNewsWire
Los Angeles, CA
www.CurrencyNewsWire.com
310.299.1717 Office
Editor@CurrencyNewsWire.com

CurrencyNewsWire is powered by IBN

Cboe Canada has announced the return of AGF Investments Inc. with the launch of ETF series of AGF Global Real Assets Fund (NEO: AGLR), AGF Total Return Bond Fund (NEO: ATRB) and AGF U.S. Small-Mid Cap Fund (NEO: ASMD) (the “AGF ETF Series”). The three new AGF ETF Series join seven AGF EFTs already listed on Cboe Canada. “We are pleased to partner with AGF Investments once again, as they continue to build out their product shelf and bring new investment mandates and further diversification to the market,” said Erik Sloane, chief revenue officer of Cboe Canada. “It is an honour to celebrate successive launches with a return issuer, further validating our capabilities, best-in-class service and enhanced visibility for investors.”

To view the full press release, visit https://ibn.fm/astsE

About Cboe Canada

Cboe Canada is Canada’s Tier 1 stock exchange for the purpose-driven innovation economy, providing a best-in-class listing experience for issuers that are shaping the economies of tomorrow. Fully operational since 2015, Cboe Canada lists investment products and companies seeking an internationally recognized stock exchange that enables investor trust, quality liquidity and broad awareness including unfettered access to market data. Cboe Canada is part of the Cboe Global Markets network, leveraging deep international expertise, industry-leading market intelligence and technology, and unparalleled service to deliver what stakeholders and the world need now, and for the future. Cboe powers ETF Market Canada, a user-friendly platform providing investors and advisors with one-stop access to ETF research and analysis. Real-time, institutional-grade data allows users to compare, contrast, and explore the entire universe of 1,200+ Canadian ETFs, free of charge.  For more information about Cboe Canada, visit www.Cboe.ca/en/home.

About CurrencyNewsWire

CurrencyNewsWire (“CNW”) is a state-of-the-art digital hub that aggregates and disseminates news and information covering the fast-moving financial markets. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. CNW covers companies, currencies and events that impact traditional fiat currencies and their market dynamics; cryptocurrencies, blockchain technologies and digital assets; the Federal Reserve’s policies and their influence on financial markets; global economic and monetary trends and their far-reaching influence; regulatory changes and their implication; as well as banking, finance, financial innovations, and investment strategies. CNW is the central platform for understanding the multifaceted world of currencies and finance

To receive SMS text alerts from CurrencyNewsWire, text “Currency” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.CurrencyNewsWire.com

Please see full terms of use and disclaimers on the CurrencyNewsWire website applicable to all content provided by CNW, wherever published or re-published: https://www.CurrencyNewsWire.com/Disclaimer

CurrencyNewsWire
Los Angeles, CA
www.CurrencyNewsWire.com
310.299.1717 Office
Editor@CurrencyNewsWire.com

CurrencyNewsWire is powered by IBN

HUMBL (OTC: HMBL) and Avrio today announced the acquisition of the HUMBL Financial brand, products and services by Avrio. Avrio is the parent of several companies delivering licensed digital financial market infrastructure and services across public, private and digital markets. Arkonis, Avrio’s ATS technology, is designed to be used by the operators of private markets that facilitate the issuance and secondary trading of securities and includes a Quotation Bureau, a Transfer Agent, and a Qualified Matching Engine for LP investors. Partnering with Avrio provides HUMBL Financial with the global market access needed to efficiently execute its strategies and scale rapidly in a competitive and complex market environment across stocks, options, crypto, commodities and digital assets, as well as traditional financial products and services that customers would expect inside digital wallets and web platforms. “We believe HUMBL Financial can scale rapidly when provided with access to the right global trading markets, technology infrastructure and licenses available through Avrio and its ecosystem,” said Brian Foote, CEO of HUMBL. “This is the right home for HUMBL Financial to achieve its global scaling goals, while delivering brand recognition, equity and revenue share value for our HUMBL shareholders.”

To view the full press release, visit https://ibn.fm/tANVv

About HUMBL Inc.

HUMBL is a Web3 platform with both a consumer and commercial division, focused on verified profiles and transactions. HUMBL offers consumer products such as the HUMBL Wallet(TM), HUMBL Search(TM), HUMBL Tickets(TM), HUMBL Web Platform (HUMBL.com) and more. For more information, visit www.HUMBL.com.

About CurrencyNewsWire

CurrencyNewsWire (“CNW”) is a state-of-the-art digital hub that aggregates and disseminates news and information covering the fast-moving financial markets. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. CNW covers companies, currencies and events that impact traditional fiat currencies and their market dynamics; cryptocurrencies, blockchain technologies and digital assets; the Federal Reserve’s policies and their influence on financial markets; global economic and monetary trends and their far-reaching influence; regulatory changes and their implication; as well as banking, finance, financial innovations, and investment strategies. CNW is the central platform for understanding the multifaceted world of currencies and finance

To receive SMS text alerts from CurrencyNewsWire, text “Currency” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.CurrencyNewsWire.com

Please see full terms of use and disclaimers on the CurrencyNewsWire website applicable to all content provided by CNW, wherever published or re-published: https://www.CurrencyNewsWire.com/Disclaimer

CurrencyNewsWire
Los Angeles, CA
www.CurrencyNewsWire.com
310.299.1717 Office
Editor@CurrencyNewsWire.com

CurrencyNewsWire is powered by IBN

Capital One Financial Corp. (NYSE: COF) and Discover Financial Services (NYSE: DFS) have announced a definitive agreement for Capital One to acquire Discover in an all-stock transaction valued at $35.3 billion. This strategic move is expected to create a leading financial services company with enhanced scale, product offerings and customer reach. The combined entity will leverage the strengths of both organizations to drive innovation, enhance customer experiences and deliver greater value to shareholders.

According to the press release, the acquisition is subject to customary closing conditions, including regulatory approvals and approval by Discover’s shareholders. Both companies’ boards of directors have unanimously approved the transaction, which is anticipated to close in the second half of 2024. The deal is expected to be accretive to Capital One’s earnings per share and to generate significant cost synergies.

“This combination brings together two customer-centric companies with complementary strengths, creating a powerhouse in the financial services industry,” Richard D. Fairbank, Chairman and CEO of Capital One, stated in the news release. “We are excited about the opportunities this acquisition presents to deliver enhanced value to our customers, communities, and shareholders.”

To view the full press release, visit https://ibn.fm/cMji3

About Capital One

Capital One Financial Corp. is a financial holding company which, along with its subsidiaries, had $348.4 billion in deposits and $478.5 billion in total assets as of December 31, 2023. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has branches and Cafés located primarily in New York, Louisiana, Texas, Maryland, Virginia and the District of Columbia. For more information, visit the company’s website at www.CapitalOne.com

About CurrencyNewsWire

CurrencyNewsWire (“CNW”) is a state-of-the-art digital hub that aggregates and disseminates news and information covering the fast-moving financial markets. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. CNW covers companies, currencies and events that impact traditional fiat currencies and their market dynamics; cryptocurrencies, blockchain technologies and digital assets; the Federal Reserve’s policies and their influence on financial markets; global economic and monetary trends and their far-reaching influence; regulatory changes and their implication; as well as banking, finance, financial innovations, and investment strategies. CNW is the central platform for understanding the multifaceted world of currencies and finance

To receive SMS text alerts from CurrencyNewsWire, text “Currency” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.CurrencyNewsWire.com

Please see full terms of use and disclaimers on the CurrencyNewsWire website applicable to all content provided by CNW, wherever published or re-published: https://www.CurrencyNewsWire.com/Disclaimer

CurrencyNewsWire
Los Angeles, CA
www.CurrencyNewsWire.com
310.299.1717 Office
Editor@CurrencyNewsWire.com

CurrencyNewsWire is powered by IBN