Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

PAYPAL HOLDINGS, INC.

(PYPL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

PayPal : exploring stock-trading platform for U.S. users -CNBC

08/30/2021 | 05:44pm EDT
FILE PHOTO: Illustration photo of the PayPal app on a phone

(Reuters) - Shares of PayPal Holdings Inc jumped on Monday after a report that it is exploring ways to let its U.S. customers trade individual stocks on its platform.

The payments company also hired brokerage industry veteran Rich Hagen, CNBC reported, citing two sources familiar with the matter. Hagen is the chief executive officer of Invest at PayPal, as well as the co-founder and former president of brokerage Ally Invest, according his LinkedIn page.

PayPal did not immediately respond to a Reuters request for comment. The company has 400 million accounts and launched cryptocurrency trading in the US earlier in the year.

In a February presentation, PayPal said its total addressable market, including bill payment, government payments and asset trading was $110 trillion.

Retail trading has ballooned in the past few years as online platforms have gained users and fees have disappeared.

Charles Schwab Corp estimates that "investible" wealth in the United States, including funds in defined contribution plans, retail wealth management and bank deposits, exceeds $50 trillion.

PayPal's shares spiked higher and closed up nearly 4%.

Bloomberg separately reported that PayPal is considering bids from companies including Apex Fintech Solutions and DriveWealth, citing people familiar with the matter. Apex and DriveWealth were not immediately available for comment.

Robinhood Markets, whose fee-free smartphone stock trading app is widely used by retail investors, extended an earlier decline and was last down nearly 7%.

(Reporting by Sohini Podder in Bengaluru; additional reporting by Noel Randewich in Oakland, California and Megan Davies in New York; Editing by Amy Caren Daniel and Cynthia Osterman)


ę Reuters 2021
All news about PAYPAL HOLDINGS, INC.
10/15PAYPAL 96 HOUR DEADLINE ALERT : Former Louisiana Attorney General and Kahn Swick & Foti, L..
BU
10/15PAYPAL DEADLINE ALERT : Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action ..
BU
10/15SHAREHOLDER ALERT : Pomerantz Law Firm Reminds Shareholders with Losses on their Investmen..
PR
10/15PYPL FINAL DEADLINE ALERT : ROSEN, TRUSTED INVESTOR COUNSEL, Encourages PayPal Holdings, I..
BU
10/14Citigroup, Bank of America Card Metrics Further Indicate Easing Volume Growth, But Payp..
MT
10/14Musk tweets he is in talks with airlines to install Starlink broadband
RE
10/14PYPL UPCOMING DEADLINE : Bronstein, Gewirtz & Grossman, LLC Reminds PayPal Holdings, Inc. ..
BU
10/14AKAMAI TECHNOLOGIES : Iniated by RBC With Outperform Rating Based on Market Leadership Pos..
MT
10/14ZOMATO : Indian fintech firm Pine Labs eyes IPO in 12 months - CEO
RE
10/13Apple warns of cybercrime risks if EU forces it to allow others' software
RE
More news
Analyst Recommendations on PAYPAL HOLDINGS, INC.
More recommendations
Financials (USD)
Sales 2021 25 789 M - -
Net income 2021 4 170 M - -
Net cash 2021 8 769 M - -
P/E ratio 2021 76,3x
Yield 2021 -
Capitalization 315 B 315 B -
EV / Sales 2021 11,9x
EV / Sales 2022 9,54x
Nbr of Employees 26 500
Free-Float 90,4%
Chart PAYPAL HOLDINGS, INC.
Duration : Period :
PayPal Holdings, Inc. Technical Analysis Chart | PYPL | US70450Y1038 | MarketScreener
Technical analysis trends PAYPAL HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 46
Last Close Price 268,35 $
Average target price 328,80 $
Spread / Average Target 22,5%
EPS Revisions
Managers and Directors
Daniel H. Schulman President, Chief Executive Officer & Director
John D. Rainey CFO & Executive VP-Global Customer Operations
John J. Donahoe Chairman
Sripada Shivananda Chief Technology Officer & Executive VP
Jonathan Christodoro Independent Director
Sector and Competitors
1st jan.Capi. (M$)
PAYPAL HOLDINGS, INC.14.58%315 320
VISA5.61%491 273
MASTERCARD-3.46%351 292
PALO ALTO NETWORKS, INC.42.90%49 468
NUVEI CORPORATION100.18%17 987
AVAST PLC4.30%7 986