Why Are Western Union (WU) Shares Soaring Today
What Happened? Shares of money transfer company Western Union (NYSE:WU) jumped 8.9% in the morning session after the company unveiled its 'Beyond' strategy and provided a positive medium-term financial outlook at its Investor Day event. The company projected a 20% revenue increase to about $5 billion and a 30% growth in adjusted earnings per share by 2028. This new strategy focused on a digital-first approach to expand its financial services network around the world. The plan involved moving beyond tradi ...