|Bid||93.45 x 1100|
|Ask||0.00 x 800|
|Day's Range||137.93 - 141.91|
|52 Week Range||106.60 - 151.56|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||32.09|
|Earnings Date||Jan 30, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||1.00 (0.69%)|
|1y Target Est||164.37|
Rewards you’re getting at the store are coming at a high price. Yahoo Finance’s Alexis Christoforous, Julia La Roche and Scott Gamm discuss.
When looking at the future of jobs and the fast-paced development of new technology, some people predict that robots and artificial intelligence will play a large role in the professional world. Yahoo Finance's Julie Hyman and Dan Roberts are joined by George Pearkes, investment macro strategist at Bespoke, to speak with Kass Dawson, Chief Marketing Officer at Softbank Robotics and Pepper the robot.
Jason Ware, Albion Financial Group, and Chris Zaccarelli, Independent Advisor Alliance, discuss how investors should position their portfolios during volatile times.
Contactless cards have been slow to take off in the U.S., but an endorsement from the largest domestic issuer may help speed up adoption.
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Barclays analyst Ramsey El-Assal labeled PayPal Holdings Inc. his top pick in payments and processing late Wednesday in initiating coverage of the category. "PayPal remains a scarce asset levered to most dynamic parts of the payments industry," wrote El-Assal, who began coverage of the stock with an overweight rating and $110 price target. He sees PayPal shares as attractive given that the company has a market capitalization of roughly $100 billion but is growing organic revenue by about 20%. El-Assal wrote that PayPal has significant exposure to "tech-enabled" online channels as well as fast-growing international markets. He's also upbeat about opportunities from Venmo. "Given Venmo revenue historically has carried no profit, even modest uptake of monetization should have an outsized earnings impact," he said. El-Assal also assigned overweight ratings to shares of Visa Inc. , Mastercard Inc. , and Square Inc. , among other payments names. PayPal's stock ended Wednesday's regular session up 0.3% and was up 0.4% in after-hours trading. The S&P 500 dropped 0.8% on Wednesday.
Now, JPMorgan Chase & Co. wants them to tap at checkout instead. JPMorgan isn’t the first U.S. bank to issue such cards, but its move could be a tipping point for the rest of the industry to follow suit. The bank is among the biggest U.S. credit-card issuers by purchase volume, and it plans to add the feature to all its Visa Inc. credit cards and debit cards.
As the No. 1 credit card issuer in the U.S., Chase is teaming up with Visa to bring tap to pay to the industry’s largest portfolio of credit cards. In the coming months, millions of Chase customers will benefit from a fast, easy, and secure checkout experience, saving valuable time by completing a transaction with a single tap. Starting later this year, Chase customers will receive new contactless Visa cards on an ongoing basis as their cards are up for renewal or when they open a new account.
Euronet Worldwide is the IBD Stock Of The Day, as the payments company works on a flat base and finds support at the 50-day moving average.
British consumers reined in spending last month, payments company Visa said on Tuesday, adding to signs that the economy is on track for slower growth in the final months of this year. Consumer spending fell by 0.2 percent year-on-year in October, the first drop in three months, after a 0.2 percent rise in September, Visa said, based on inflation-adjusted usage data of its debit, credit and prepaid cards. "No doubt this disappointing reading will cause some concern for high street retailers as we head into the key Christmas shopping period," Visa economist Adolfo Laurenti said.
The revolution in payment methods lags on the business-to-business side, opening a $1 trillion opportunity for payment stocks like Visa, Mastercard and PayPal.