The Western Union Company (WU)
The Western Union Company operates in the Financial - Credit Services industry of the Financial Services sector, headquartered in Denver, CO, US. The stock last traded at $6.18, up 2.57% on the session, giving a market capitalisation of $1.93B. On trailing twelve-month figures it carries a trailing P/E of 4.94, a net margin of 9.8%. Its beta of 0.54 implies it has historically moved less than the broad market.
Western Union operates as a global financial services provider, specializing in fund transfers and diverse payment solutions. The company's operations are divided into two main segments: Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer division enables individuals to send money to other individuals, primarily leveraging an extensive network of independent agents and sub-agents. This service covers both international transfers across borders and domestic transactions within a single country, as well as digital transfers facilitated through its websites and mobile applications. Conversely, the Business Solutions segment offers payment and foreign exchange services tailored for small and medium-sized businesses, various organizations, and even individuals. These services predominantly involve cross-border and cross-currency transactions and include financial tools like foreign currency forward and option contracts. Additionally, the company provides bill payment services, allowing individual customers to make payments to businesses and other organizations, alongside offering money orders and other related financial services. Western Union was founded in 1851 and its corporate headquarters are located in Denver, Colorado.
The Western Union Company is most often compared with the following Financial Services names: