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PayPal Holdings Inc (PYPL.OQ)

PYPL.OQ on NASDAQ Stock Exchange Global Select Market

75.65USD
15 Dec 2017
Change (% chg)

$1.39 (+1.87%)
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Latest Key Developments (Source: Significant Developments)

Paypal Holdings - ‍On Dec 5, Co, As Borrower And Paypal Inc, As Subsidiary Guarantor, Entered Into A Credit Agreement​
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Paypal Holdings Inc ::PAYPAL HOLDINGS - ‍ON DEC 5, CO, AS BORROWER AND PAYPAL INC, AS SUBSIDIARY GUARANTOR, ENTERED INTO A CREDIT AGREEMENT​.PAYPAL HOLDINGS INC SAYS CREDIT AGREEMENT PROVIDES FOR AN UNSECURED $3.0 BILLION 364-DAY DELAYED-DRAW TERM LOAN CREDIT FACILITY - SEC FILING.PAYPAL HOLDINGS- ‍CREDIT AGREEMENT TO TERMINATE, AMOUNTS OWING THEREUNDER TO BE DUE & PAYABLE ON DEC 4, 2018, UNLESS COMMITMENTS TERMINATED EARLIER​.  Full Article

PayPal raises Q4 revenue, EPS forecast after deal with Synchrony Financial
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Paypal Holdings Inc :PayPal - sees Q4 revenue between $3.64 billion-$3.70 billion versus previous forecast $3.57 billion-$3.63 billion - Conf call.PayPal - sees Q4 EPS between 52 cents-59 cents versus previous forecast 37 cents-39 cents - Conf call.PayPal - sees 2018 revenue growth of about 16.5 percent versus previous forecast 20 percent - Conf call.PayPal - updates guidance to reflect impacts of deal with Synchrony Financial - Conf call.  Full Article

Synchrony Financial sees deal with PayPal EPS accretive in 2019
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Synchrony financial :Synchrony financial says transaction with paypal not expected to impact current capital plan announced may 17- sec filing‍​.Synchrony financial - sees deal with paypal eps accretive in 2019.Synchrony financial - expects paypal deal to be $0.03 dilutive to eps in ‍4q17 due to pre-funding and deal-related expenses​.Synchrony financial - expects paypal deal to be $0.05 dilutive to eps in ‍1h18 due to pre-funding and onboarding costs​.Synchrony financial - expects paypal deal to be $0.20 dilutive to eps in ‍2h18 primarily due to allowance build​.Synchrony financial - post closing of deal with paypal, sees eps impact of about $0.20 dilutive in second half 2018, assuming july 1, 2018 close.  Full Article

PayPal and Synchrony Financial announce expanded strategic credit relationship
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - PayPal Holdings Inc :PayPal and Synchrony Financial announce expanded strategic credit relationship.Synchrony Financial - co will buy $6.8 billion in receivables, including PayPal's U.S. Consumer credit receivables portfolio.Synchrony Financial - ‍at closing, PayPal and Synchrony Bank will extend existing co-brand consumer credit card program agreement​.Synchrony Financial -‍ at closing,Synchrony Bank to become exclusive issuer of PayPal Credit online consumer financing program, in U.S. For 10 years​.  Full Article

PayPal announces ‍suspension of services by TIO Networks
Friday, 10 Nov 2017 

Nov 10 (Reuters) - PayPal Holdings Inc ::TIO Networks suspends operations to protect customers.Suspension of services by TIO is a result of PayPal's discovery of security vulnerabilities on TIO platform​.PayPal platform is not impacted in any way and PayPal's customers' data remains secure​.Upon discovery of vulnerability on TIO platform, co initiated internal investigation of TIO.Upon discovery of vulnerability on TIO platform, co engaged third-party cybersecurity expertise to review TIO's bill payment platform​.Focus of investigation will also include TIO's practices and representations prior to acquisition​.Suspension of TIO network's services is a result of PayPal's discovery of issues with TIO's data security program.  Full Article

PAYPAL HOLDINGS ANNOUNCES LAUNCH OF ITS DOMESTIC OPERATIONS IN INDIA​
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - PayPal Holdings Inc ::PAYPAL HOLDINGS INC - ‍PAYPAL HOLDINGS INC ANNOUNCED LAUNCH OF ITS DOMESTIC OPERATIONS IN INDIA​.  Full Article

PayPal launches domestic ops in India
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Paypal Holdings Inc :Says launches domestic operations in India.  Full Article

Paypal Q3 earnings per share $0.31
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Paypal Holdings Inc ::Paypal reports third quarter 2017 results.Q3 non-gaap earnings per share $0.46.Q3 gaap earnings per share $0.31.Q3 earnings per share view $0.43 -- Thomson Reuters I/B/E/S.Sees FY 2017 revenue up 19 to 20 percent.Q3 revenue $3.239 billion versus I/B/E/S view $3.18 billion.Paypal Holdings Inc - qtrly transaction margin ‍54.8​ percent versus. 56.3 percent in q2.Paypal Holdings Inc - ‍in Q3, venmo processed approximately $9 billion of tpv, growing 93 pct over same period last year​.Paypal - in quarter, ‍8.2 million active customer accounts added, with net new actives up 88 pct​.Paypal holdings inc - in quarter, ‍1.9 billion payment transactions, up 26 pct​.Paypal - sees ‍FY gaap earnings per share in range of $1.34 - $1.36 and non-gaap earnings per share in range of $1.86 - $1.88​.Paypal - in quarter, ‍$114 billion in total payment volume (tpv), up 30 pct, or 29 pct on an fx-neutral basis​.Fy2017 earnings per share view $1.84, revenue view $12.86 billion -- Thomson Reuters I/B/E/S.  Full Article

Paypal to acquire TIO networks
Tuesday, 14 Feb 2017 

Paypal Holdings Inc : Paypal to acquire TIO networks . Paypal to acquire TIO networks . Paypal Holdings Inc - deal for approximate $304 million cad ($233 million usd) equity value . Paypal Holdings Inc - deal for approximate $304 million cad . Paypal Holdings Inc says intends to fund transaction with cash on its balance sheet . Paypal Holdings Inc- purchase price represents a premium of 25.2pct to TIO'S 90-trading day volume-weighted average price as of February 13, 2017 . Paypal Holdings Inc - there will be no change to paypal's previously communicated fiscal 2017 guidance . Paypal Holdings Inc - deal for 3.35 cad ($2.56 usd) per share in cash . Upon closing of acquisition, TIO will operate as a service within Paypal . Paypal Holdings Inc says transaction has been approved by boards of directors of each of TIO and Paypal . Paypal Holdings Inc - there will be no change to Paypal's previously communicated three-year outlook based on acquisition of TIO . Paypal intends to fund transaction with cash on its balance sheet .Paypal Holdings Inc- acquisition is expected to close in second half of 2017.  Full Article

Paypal strikes deal with Mastercard to allow payments in stores - WSJ
Tuesday, 6 Sep 2016 

: PayPal strikes deal with Mastercard to allow payments in stores - WSJ .Mastercard will drop the digital wallet fee it charges PayPal, give volume discounts as part of the deal - WSJ.  Full Article

UPDATE 3-Three U.S. men plead guilty to crimes tied to 2016 botnet attacks

Dec 13 A former Rutgers University student and two other men pleaded guilty to computer crimes related to the creation, sale and use of the Mirai botnet, a network of infected electronics equipment used to knock major websites offline in massive 2016 cyber attacks.