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WEX Inc - WEX STOCK NEWS

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

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.

News
WEX Streamlines Commercial EV Adoption with General Availability of At-Home and En Route Charging Products
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%
Tags
none
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News
WEX INC. FILES FEDERAL LAWSUIT AGAINST HP TO PROTECT TRADEMARK AND BRAND
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%
Tags
none
-
News
WEX Inc. to Release First Quarter 2024 Financial Results on April 25, 2024
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%
Tags
earnings
News
WEX Hosts Tennis Legend Venus Williams at SPARK 2024
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%
Tags
none
-
News
WEX Named to Newsweek’s America’s Greatest Workplaces for Diversity, Women in 2024
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%
Tags
none
-
News
WEX to Present at 45th Annual Raymond James Institutional Investors Conference
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
News
WEX Board of Directors Authorizes Increased Share Repurchase Program
Rhea-AI Summary
WEX Inc. announces an amended share repurchase program authorizing the repurchase of an additional $400 million worth of common stock, totaling $1.05 billion by December 31, 2025. The company has already repurchased $478 million, leaving approximately $572 million of capacity. The program aims to drive sustainable cash generation, strategic growth investments, and value for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.88%
Tags
buyback management
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News
WEX to Present at KBW’s 2024 Fintech & Payments Conference
Rhea-AI Summary
WEX Inc. announces Melissa Smith, Chair and CEO, will present at KBW's 2024 Fintech & Payments Conference. The webcast will be available live on their website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.29%
Tags
conferences
-
News
WEX Inc. Reports Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
WEX (NYSE: WEX) reported a 7% year-over-year increase in Q4 revenue to a record $663 million, driven by growth in the Benefits and Corporate Payments segments. The company also achieved a 23.9% GAAP operating income margin and 39.6% adjusted operating income margin. For the full year 2023, revenue increased by 8% to $2.55 billion. WEX demonstrated strong financial performance, with net income and adjusted net income showing positive growth. The company also repurchased shares and generated significant cash flow. Strategic acquisitions and investments in AI and technology infrastructure position WEX for continued success in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.3%
Tags
earnings
News
WEX Inc. to Release Fourth Quarter and Full Year 2023 Financial Results on February 8, 2024
Rhea-AI Summary
WEX Inc. (NYSE: WEX) will report Q4 and full year 2023 financial results on February 8, 2024. The conference call will be hosted by Melissa Smith, Chair and CEO, and Jagtar Narula, CFO, accessible via webcast or phone. A replay will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.33%
Tags
earnings
Stock WEX logo
WEX Inc

NYSE:WEX

WEX Rankings

#806 Ranked by Market Cap
#2027 Ranked by Stock Gains
N/A Ranked by Dividends

WEX Stock Data

9.84B
39.33M
0.55%
102.58%
2.02%
Data Processing, Hosting, and Related Services
Information
Link
United States
South 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.