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The Latest Breaking News from PayPal Holdings Inc

BofA On PayPal CFO Departure, Company's New Strategy

Although there were execution issues at PayPal Holdings Inc (NASDAQ: PYPL), the departure of John Rainey as CFO was unexpected and shares declined by 2% in after-hours trading on Tuesday, according to BofA Securities.

Benzinga

Jim Cramer Highlights The Missing Piece In PayPal CFO's Departure

PayPal Holdings Inc (NASDAQ: PYPL) shares were trading lower Wednesday after the company announced the departure of CFO John Rainey.

Benzinga

Here's Why PayPal Shares Are Falling

PayPal Holdings Inc (NASDAQ: PYPL) shares are trading lower by 3.91% at $104.02 during Wednesday's pre-market session after the company announced the departure of CFO John Rainey.

Benzinga

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Walmart Appoints PayPal CFO John Rainey As Finance Head

Walmart Inc (NYSE:WMT) has appointed John Rainey as its Executive Vice President and Chief Financial Officer (CFO), effective June 6, 2022. Rainey joins the company from PayPal Holdings Inc (NASDAQ:PYPL), where he currently serves as the CFO and EVP, Global Customer Operations. After almost seven years at PayPal, Rainey is leaving the company to join Walmart. He…

Benzinga

2 Digital Payments Stocks Wall Street Predicts Will Rally More Than 58%

The increasing use of smartphones, growing e-commerce businesses, advancements in mobile payment technology, and developments in secure and safe payment gateways are driving the growth of the digital payment industry. Given the promising growth prospects of the industry, Wall Street analysts expect fundamentally solid digital payments stocks such as PayPal…

StockNews.com

What Is PayPal 3.0 — And How Does It Affect Investors?

PayPal Holdings Inc (NASDAQ: PYPL) is undertaking several growth initiatives that could shape its future, according to BofA Securities. The PayPal Holdings Analyst: Jason Kupferberg maintained a Neutral rating on PayPal Holdings, with an unchanged price target of $118.

Benzinga

There Could Be More Pain Ahead For PayPal

Shares of PayPal Holdings Inc (NASDAQ: PYPL) Wednesday fell more than 4%. With this, the stock has shed more than 40% year to date.

Benzinga

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Here's Why Baird Slashed PayPal's Price Target By 15%

Baird analyst Colin Sebastian lowered the price target on PayPal Holdings Inc (NASDAQ:PYPL) to $175 from $205 (51.3% upside) and kept an Outperform rating on the shares. He believed steady or even accelerating trends concerning merchant integration with digital wallets were a crucial medium and long-term positive for PayPal. However, Sebastian remained cautious near term…

Benzinga

S&P 500 Sector Re-shuffling Likely To End Tech Dominance

S&P 500 will reclassify the sectors of some significant shares in 2023. Payment processing companies currently classified as tech firms would join the financial industry. Other tech names providing outsourcing or human resources support would come under industrial stocks. The dominance of tech stocks in the S&P 500 would likely shrink following…

Benzinga

Payments Stocks Spike, This One May Have More Runway Left

Shares of payments stocks Tuesday climbed, with Mastercard Inc (NYSE: MA) and PayPal Holdings Inc (NASDAQ: PYPL) rising more than 4% each, Visa Inc (NYSE:

Benzinga

Robinhood Fires Up Rivalry With PayPal and Other Fintech With Latest Launch

Robinhood Markets Inc's (NASDAQ:HOOD) Robinhood Money launched a new debit card to allow spare change investing, Reuters reports. Consumer finance apps like Chime and Acorns Grow Inc allowed spare change investing that lets users invest small amounts of money, which is very popular among younger users. Now Robinhood users could round up their change…

Benzinga

PayPal Extends Service In Ukraine

PayPal Holdings Inc (NASDAQ:PYPL) expanded its services to allow Ukrainian citizens and refugees to send and receive funds from overseas from their Ukrainian PayPal Wallet in dollars, Canadian dollars, British pounds, and euros. Reuters reports that over 3 million Ukrainians have fled since Russia launched its invasion on February 24. Ukrainians could transfer funds…

Benzinga

PayPal Expands Payments Services to Help Ukrainian Citizens, Refugees

PayPal Holdings Inc on Thursday expanded its services to allow Ukrainian citizens and refugees to receive payments from overseas, a move a senior Ukrainian official called a huge help as Russian forces continued to attack the country. PayPal Chief Executive Dan Schulman told Deputy Prime Minister Mykhailo Fedorov in a…

Asharq Al-Awsat

Why PayPal, Micron And Qualcomm Shares Are Falling Today

Shares of several companies in the broader technology sector, including Paypal Holdings Inc (NASDAQ: PYPL), Micron Technology, Inc. (NASDAQ: MU

Benzinga

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Benzinga

Cathie Wood Sells $21M In PayPal Amid Stock Crash — Loads Up Heavily In This Fintech Rival

Cathie Wood-led Ark Investment Management on Wednesday rushed to cut most of its exposure in Paypal Holdings Inc (NASDAQ: PYPL) after the fintech company abandoned an ambitious growth plan that it put in place last year and snapped up shares in fintech rival Block I

Benzinga

PayPal Shuts 4.5M Accounts: All You Need To Know

PayPal Holdings Inc (NASDAQ: PYPL) closed 4.5 million accounts and lowered its forecast for new customers after finding "bad actors" were exploiting its incentives and rewards programs,

Benzinga

Jim Cramer Says PayPal Has Lost All Credibility Following Q4 Results: 'It's A Disgrace'

PayPal Holdings Inc (NASDAQ: PYPL) is plummeting Wednesday after the company reported mixed financial results and issued weak guidance, but Jim Cramer thinks there is a larger underlying issue chasing buyers away from the stock.

Benzinga

Why PayPal Shares Are Plunging Today

PayPal Holdings Inc (NASDAQ: PYPL) is trading significantly lower Wednesday morning after the company announced worse-than-expected fourth-quarter earnings results.

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Benzinga

PayPal Could Continue To Rally: Here's Why

PayPal Holdings Inc (NASDAQ: PYPL) closed Monday with big gains, rising almost 8%.

Benzinga

Google Ropes In Former PayPal Executive For Payments Division: Report

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google hired former PayPal Holdings Inc (NASDAQ: PYPL) executive Arnold Goldberg to run its payments division, Bloomberg reports. The hiring is a part of Google's broader strategy to team up with a broader range of financial services, including cryptocurrencies, the report quoted Bill Ready, Google's President of commerce. Ready, PayPal's former…

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