Western Union Stock Price, News & Analysis

Western Union (NYSE: WU) has announced that CEO Devin McGranahan and CFO Matt Cagwin will host a webcast and conference call to discuss third quarter 2024 results on October 23, at 4:30 p.m. ET. A press release with financial results will be issued around 4:05 p.m. ET on the same day. The webcast and presentation will be available at https://ir.westernunion.com, with a replay available shortly after the event.

To join the conference call via telephone in the U.S., dial +1 (719) 359-4580 15 minutes before the start, using webinar ID 947 6420 1357 and passcode 330235. International callers should use the country number from the international directory, followed by the same webinar ID and passcode.

Western Union has partnered with Khipu to introduce a new digital payment method in Chile. This integration allows customers to send money directly from any Chilean bank account through Western Union's mobile app and website, streamlining the remittance process. Previously, customers had to exit Western Union's platform to complete bank payments, but this step is now eliminated.

The collaboration aims to provide a faster, easier, and more efficient money transfer experience, with transactions potentially completed in minutes. To encourage adoption, Western Union is offering a $0 fee promotion for the first remittance using the new 'Online Bank Transfer' option.

This partnership is expected to strengthen Western Union's position in the Chilean remittance market and improve financial inclusion through modern digital services.

Western Union (NYSE: WU) has announced its participation in the Goldman Sachs Communacopia + Technology Conference on September 11th. The presentation, scheduled for 3:45 p.m. Pacific Time, will feature CEO Devin McGranahan. Investors and interested parties can access the live webcast through Western Union's website in the investor relations section. An archived version of the webcast will be available shortly after the presentation concludes.

This event provides an opportunity for Western Union to showcase its strategies and outlook to a broad audience of investors and industry professionals. The company's participation in such high-profile conferences demonstrates its commitment to maintaining open communication with shareholders and the financial community.

Western Union reported Q2 2024 results with revenue of $1.07 billion, down 9% on a reported basis or 7% on an adjusted basis. Consumer Money Transfer transactions grew 4%, led by 13% growth in Branded Digital transactions. The company reported GAAP EPS of $0.41 and adjusted EPS of $0.44. Consumer Services revenue grew 21% on a reported basis and 14% on an adjusted basis. The revenue decline was primarily driven by lower contribution from Iraq and the sale of Business Solutions. Excluding Iraq, the company reported positive adjusted revenue growth for the first time since 2021. Western Union reiterated its full year 2024 outlook, projecting revenue between $4.15 billion to $4.225 billion on an adjusted basis.

Western Union (NYSE: WU) has declared a quarterly cash dividend of $0.235 per common share. This dividend will be payable on September 30, 2024, to stockholders of record at the close of business on September 16, 2024. The announcement demonstrates Western Union's commitment to returning value to its shareholders through regular dividend payments. This decision by the board of directors reflects the company's financial stability and confidence in its future prospects.

Western Union (NYSE: WU) has been named the official money transfer partner of the Mexican Men's National Team for their annual 'MexTour' across the United States. This three-year partnership aligns with the team's preparation for the 2026 FIFA World Cup in North America. The collaboration began in May and June with matches against Bolivia, Uruguay, and Brazil.

Western Union aims to engage Mexican National Team fans through media assets, fan programs, and unique experiences. The MexTour has an average attendance of nearly 60,000 per match, with an estimated fan base of 60 million people. This partnership, facilitated by Soccer United Marketing, is expected to build new customer relationships and deepen engagement with existing customers for Western Union.

Western Union has released its 2023 Environmental, Social and Governance (ESG) Report, highlighting the company's progress in supporting financial inclusion and mobility worldwide. The report focuses on three key themes:

1. Furthering Economic Prosperity: Connecting people with simple and trusted financial solutions to empower communities and drive financial inclusion.

2. Advancing Diversity, Equity, Inclusion and Belonging (DEIB): Creating an inclusive work culture that reflects the global communities Western Union serves.

3. Promoting the Integrity of Global Money Movement: Ensuring safe and secure cross-border money transfers while combating illicit activity and fraud.

CEO Devin McGranahan emphasized the company's commitment to innovation and accessibility in financial services, supporting economic prosperity for customers, and maintaining the integrity of global money movement.

Western Union (NYSE: WU) has announced its upcoming second quarter 2024 financial results release, scheduled for July 30, 2024. CEO Devin McGranahan and CFO Matt Cagwin will host a webcast and conference call at 4:30 p.m. ET to discuss the results. The financial press release will be issued at approximately 4:05 p.m. ET on the same day.

Investors and interested parties can access the webcast and presentation at https://ir.westernunion.com. For those wishing to join via telephone, U.S. participants should dial +1 (719) 359-4580 15 minutes before the call starts, using the meeting ID 931 4556 9038 and passcode 422904. International callers should refer to the provided international directory for country-specific numbers.

Western Union has launched its first concept store in Morocco in partnership with Cash Plus, marking its debut in Africa. This store, located in Errahma, Casablanca, offers a unique, branded experience for international money transfers. This launch is part of Western Union's 'Evolve 2025' strategy, which aims to enhance financial accessibility and inclusion. Morocco, receiving around USD 12 billion in remittances annually, is a important market for Western Union. The new store aims to provide customers with personalized support and greater convenience, building on Western Union's global network of over 200 such locations.