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 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
-
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
-
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
Rhea-AI Summary
WEX (NYSE: WEX) appoints Sachin Dhawan as Chief Technology Officer (CTO), bringing decades of global technology experience from companies like Stitch Fix, Visa, PayPal, and Microsoft. Dhawan will lead WEX’s global Technology Organization, including product and platform technology, architecture, cybersecurity, infrastructure and cloud engineering, technical operations, enterprise applications, and Corporate IT, and technology-risk management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.06%
Tags
-
Rhea-AI Summary
WEX Inc. (NYSE: WEX) welcomes Aimee Cardwell to its Board of Directors, bringing over 20 years of leadership experience in the payments and health spaces. Ms. Cardwell's extensive background in technology, information security, and strategy, along with her industry knowledge, will provide valuable insights to WEX as it continues executing strategic initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
Tags
-
Rhea-AI Summary
Mesirow Fiduciary Solutions, a division of Mesirow, is now providing RIA services for WEX (NYSE: WEX), the nation's fifth-largest HSA custodian. WEX technology powers approximately 7.5 million HSAs, with employees across the country relying on WEX to manage the administration of their health benefits.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
Tags
Rhea-AI Summary
WEX Inc. (WEX) CEO Melissa Smith to Present at Raymond James TMT and Consumer Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
Tags
-
Rhea-AI Summary
WEX Inc. (NYSE: WEX) CFO to Present at UBS Global Technology Conference on November 29, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.68%
Tags
-
Rhea-AI Summary
WEX has completed the acquisition of Payzer, a cloud-based field service management software provider. The acquisition is expected to strengthen WEX's position in the market and expand its offerings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.87%
Tags
Rhea-AI Summary
WEX reports Q3 revenue increase of 6% YoY to a record $651 million. Raises full-year 2023 financial guidance. Enters agreement to acquire Payzer. Q3 GAAP net income was $0.42 per diluted share; Q3 adjusted net income was $4.05 per diluted share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.96%
Tags
WEX Inc.
NYSE:WEX
WEX Rankings
WEX Stock Data
8.83B
39.33M
0.55%
102.58%
2.02%
Data Processing, Hosting, and Related Services
Information
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.