Log in
E-mail
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

MarketScreener Homepage  >  Equities  >  Nyse  >  Western Union Company    WU

WESTERN UNION COMPANY

(WU)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 01/15 11:13:45 am
21.785 USD   +0.58%
01/13Dollar resumes rebound from multi-year lows as yields provide support
RE
01/13Dollar resumes rebound from multi-year lows as yields provide support
RE
01/13Dollar resumes rebound from multi-year lows
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Western Union says suspending U.S. transfers to Cuba

11/13/2020 | 11:33pm EST

HAVANA, Nov 13 (Reuters) - Western Union said on Friday it was suspending U.S. money transfers to Cuba in 10 days due to the Trump administration's latest sanction on the Communist-run island, in a blow to the many Cubans who rely on remittances from family abroad.

Its customers will now have to find new ways to send transfers against the backdrop of Cuba's deepest economic crisis since the collapse of the Soviet Union, exacerbated by the coronavirus pandemic.

One route may be in cash via flights from the United States that are resuming next week after Cuba closed its borders early in the pandemic, while other, younger digital platforms also exist.

Remittances have become one of the top sources of hard currency in an inefficient state-run economy laboring under a crippling U.S. trade embargo.

"Today we informed our customers they have limited time to send money to their loved ones from the U.S. to Cuba," Western Union said in a statement.

The world's largest money transfer firm said Nov. 22 was the deadline for customers to send money to Cuba while Nov. 23 was the deadline for them to pick it up.

That way it will wrap up its Cuba operations just before the new rules take effect on Nov. 26. These ban U.S. firms from sending remittances to the country via military-controlled companies like Fincimex, Western Union's main Cuban partner.

Western Union said it had failed to find a solution in the one-month timeframe it was given.

"Our customers have our commitment that we will continue to explore every possible option to find a solution," it said.

It may just be a question of time, however. as the team of U.S. President-elect Joe Biden has signaled he will reverse Trump's moves hurting family ties including remittances and travel. (Reporting by Sarah Marsh; Editing by Kim Coghill)


© Reuters 2020
All news about WESTERN UNION COMPANY
01/13Dollar resumes rebound from multi-year lows as yields provide support
RE
01/13Dollar resumes rebound from multi-year lows as yields provide support
RE
01/13Dollar resumes rebound from multi-year lows
RE
01/08WESTERN UNION : Guggenheim Upgrades Western Union to Buy From Neutral; Price Tar..
MT
01/05Canadian dollar notches biggest gain in 7 months as oil surges
RE
2020Australia, NZ dlrs fall on tougher COVID-19 lockdowns
RE
2020WESTERN UNION COMPANY : Ex-dividend day for
FA
2020CUENTAS : to Include Western Union in Mobile App, Digital Wallet
MT
2020INSIDER TRENDS : Western Union Insider Continues 90-Day Selling Trend
MT
2020WESTERN UNION CO : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Ye..
AQ
More news
Financials (USD)
Sales 2020 4 820 M - -
Net income 2020 740 M - -
Net Debt 2020 1 460 M - -
P/E ratio 2020 12,1x
Yield 2020 4,01%
Capitalization 8 905 M 8 905 M -
EV / Sales 2020 2,15x
EV / Sales 2021 2,02x
Nbr of Employees 11 500
Free-Float 99,5%
Chart WESTERN UNION COMPANY
Duration : Period :
Western Union Company Technical Analysis Chart | WU | US9598021098 | MarketScreener
Technical analysis trends WESTERN UNION COMPANY
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 23,94 $
Last Close Price 21,66 $
Spread / Highest target 33,9%
Spread / Average Target 10,5%
Spread / Lowest Target -12,3%
EPS Revisions
Managers and Directors
NameTitle
Hikmet Ersek President, Chief Executive Officer & Director
Jeffrey A. Joerres Non-Executive Chairman
Rajesh K. Agrawal Chief Financial Officer& EVP-Global Operations
Betsy DeHaas Holden Independent Non-Executive Director
Michael A. Miles Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
WESTERN UNION COMPANY-1.28%8 905
SQUARE, INC.6.96%104 974
FISERV, INC.-5.16%72 394
GLOBAL PAYMENTS INC.-9.94%58 071
AFTERPAY LIMITED2.54%26 860
FLEETCOR TECHNOLOGIES, INC.-1.89%22 325