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WEX Inc. - $WEX STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect WEX's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of WEX's position in the market.

Rhea-AI Summary

WEX has reached an agreement with Shell to manage Shell's portfolio of commercial fleet cards across North America, providing a full range of solutions for commercial customers. This collaboration combines WEX's software and payments expertise with Shell's brand presence to benefit enterprise-level fleet operators and small business fleets. The agreement demonstrates WEX's commitment to simplifying fleet management processes and running businesses efficiently.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.08%
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none
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Rhea-AI Summary

WEX Inc. (NYSE: WEX) will present at upcoming investor conferences. Senior executives will present at the Barclays Emerging Payments and FinTech Forum on May 15 and the JPMorgan Global Technology, Media and Communications Conference on May 21. Webcasts of the presentations will be available on the Company's website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
Tags
conferences
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Rhea-AI Summary
WEX Inc. reported a 7% increase in Q1 revenue to a record $653 million, driven by growth in Benefits and Corporate Payments segments. GAAP net income was $1.55 per diluted share, while adjusted net income reached $3.46 per diluted share. The company raised its full-year 2024 financial guidance, showcasing a strong start to the year. Despite negative fuel price impacts, WEX remains confident in its ability to drive growth and innovation through strategic initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.84%
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Rhea-AI Summary
WEX has signed a new long-term agreement with Booking.com, making WEX the preferred virtual card provider for Booking.com. The agreement highlights WEX's enterprise-grade technology platform, global reach, and deep payments industry expertise, supporting Booking.com's vision to simplify travel-related payments. WEX's partnership with Booking.com dates back to 2013 and has evolved to include processing payments globally, emphasizing the importance of seamless travel experiences through virtual card and cross-currency capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.43%
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none
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Rhea-AI Summary
WEX announces the general availability of WEX EV At-Home in the United States, a cutting-edge solution that automates reporting and reimbursement for organizations with electric vehicles. Coupled with WEX En Route, businesses can seamlessly integrate mixed fleets of electric and traditionally fueled vehicles, supporting innovation and efficiency. WEX continues to innovate to meet the evolving needs of commercial fleet managers, aiming to close the commercial EV adoption gap.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
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none
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Rhea-AI Summary
WEX files a federal lawsuit against HP for trademark infringement over the use of the 'WEX' name. WEX, a global commerce platform, accuses HP of causing confusion in the marketplace by launching a similar platform under the 'WEX' name. WEX aims to protect its brand and trademarks, seeking a preliminary injunction against HP's use of the 'WEX' name.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
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none
Rhea-AI Summary
WEX Inc. (WEX) announces the release of its first-quarter 2024 financial results and details a conference call hosted by top executives. The call will be webcast live and accessible through various channels, providing investors with valuable insights into the company's performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
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Rhea-AI Summary
WEX Inc. announces tennis champion Venus Williams and CEO Melissa Smith to inspire industry leaders at WEX SPARK 2024 conference, focusing on innovative technologies and business growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.81%
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Rhea-AI Summary
WEX (NYSE:WEX) has been recognized as one of America’s Greatest Workplaces for Diversity and Women for 2024 by Newsweek and Plant-A Insights Group. The company aims to achieve gender parity in leadership roles and increase diversity in its workforce by 2025. WEX has maintained global gender pay parity and focuses on promoting diversity and inclusion in its leadership positions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
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none
Rhea-AI Summary
WEX Inc. CEO, Melissa Smith, to present at the 45th Annual Raymond James Institutional Investors Conference. The webcast will be live on March 5, 2024, at 10:25 AM ET. An audio replay will be available on the company's website for 90 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.18%
Tags
conferences
WEX Inc.

NYSE:WEX

WEX Rankings

WEX Stock Data

8.87B
39.33M
0.55%
102.58%
2.02%
Data Processing, Hosting, and Related Services
Information
Link
United States of America
PORTLAND

About WEX

wex inc. (nyse: wex) is a leading global provider of corporate payment solutions that enable its customers to manage their businesses more efficiently, with enhanced security and greater control over their costs. from its roots in fleet card payments beginning in 1983, wex has expanded its scope to become a multi-channel provider of corporate payment solutions with millions of cardholders across several growing market sectors including travel, health care and employee benefits. our focus is on providing exceptional payment security and control for a vast spectrum of payment sectors while delivering an exceptional experience so that our customers – whether large or small – can operate efficiently, securely and profitably. the company has operations in north and south america, europe, australia, new zealand, and asia, and employs more than 2,000 associates. for more information about wex, please visit www.wexinc.com.