payments

Block Inc (NYSE: SQ) shares are tanking in early trading Thursday after short seller Hindenburg Research put out a bearish report on the company. 'Magic' Or 'Fraud' At Block? On Wednesday, Hindenburg took to Twitter to announce that "...

Block Inc (NYSE: SQ) shares are trading lower in Thursday's after-hours session after the company reported fourth-quarter financial results. What Happened: Block said fourth-quarter revenue increased 14% year-over-year to $4.65 billion, which beat average analyst estimates of $4.6...

Block, Inc (NYSE: SQ) was trading slightly lower Thursday as the company heads into its fourth-quarter earnings print after the close. When Block printed a third-quarter earnings beat on Nov. 3, the stock surged 11.5% higher the following day. For the third quarter, Block reported revenue of $4.516...

PayPal Holdings Inc (NASDAQ: PYPL) reported fourth-quarter results after the bell. Here's a rundown of the report and a look at what initially drove shares higher after hours, but are now dropping. What Happened: PayPal said fourth-quarter revenue increased 7% year-over-year to $...

PayPal Holdings, Inc (NASDAQ: PYPL) is set to print its fourth-quarter financial results after the markets close on Thursday. Analysts expect the company to report EPS of $1.20 on revenues of $7.39 billion for the quarter ending Dec. 30. Ahead of the earnings print, Mizuho analyst Dan Dolev...

Martin Shkreli, who was sentenced to federal prison in 2018 for securities fraud, has some advice for FTX founder Sam Bankman-Fried on how to survive in the slammer. The notorious 'Pharma Bro,' who earned the moniker when — as Turing Pharmaceuticals CEO — he upped the price...

Bank of America analysts said in a note on Tuesday that the investment arm of the bank is staying away from payment stocks including Affirm Holdings Inc (NASDAQ: AFRM), Discover Financial Services (NYSE: DFS), and Synchrony Financial (NYSE: SYF) in 2023. The Payments Analyst: BofA’s...

PagSeguro Digital Ltd’s (NYSE: PAGS) stock has underperformed this year and could be close to the bottom. Yet there are still downside risks to the consensus estimates, according to Goldman Sachs. The PagSeguro Analyst: Tito Labarta downgraded PagSeguro from Neutral to Sell while...

For various reasons, short-selling reports have been less pronounced over the last few years. But the Muddy Waters Research firm is still at it. On Wednesday, they identified a new target, online payments company Dlocal Ltd (NASDAQ: DLO), and investors for now have reacted in a powerful way....

PayPal Holdings, Inc (NASDAQ: PYPL) gapped down and lost 6.27% in Monday's session after the financial technology company walked back a change it published to its acceptable use policy (AUP), which would have allowed PayPal to debit users $2,500 for spreading “misinformation.”...

PayPal Holdings Inc (NASDAQ: PYPL) holds the potential for upside to consensus estimates that's driven by additional cost efficiencies and share buybacks, according to a BofA Securities analyst.  The PayPal Holdings Analyst: Jason Kupferberg upgraded PayPal Holdings from Neutral to Buy and...

PayPal Inc. (NASDAQ: PYPL) stock has been on a secular downtrend since July 2021 and it has plummeted about 71% from its all-time high of $310.16 on July 26, 2021. The improvement in the pandemic situation, which allowed people to shop at physical stores, and former parent eBay Inc.’s (NASDAQ...

As second-quarter earnings season reaches its midpoint, it has yet to be determined whether issues in the growth technology sector have found a long-term bottom. So far, it has been a mixed bag with several to still report. One of those companies is PayPal Holdings Inc. (NASDAQ: PYPL), which...

Farfetch (NYSE: FTCH) announced a partnership Friday with the Lunu platform stating that they are to start accepting payments in seven different cryptocurrencies, including Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Binance Coin (CRYPTO: BNB). What Happened: In a tweet by Wu...

The high-growth technology sector, which is attempting to make a comeback, includes several companies in the IT/services payment industry. Moshe Katri, managing director of equity research at Wedbush, joined "PreMarket Prep Plus" on Wednesday to discuss the prospects for a few...