Previous close | 17.25 |
Open | 17.25 |
Bid | 16.45 |
Ask | 16.75 |
Strike | 77.50 |
Expiry date | 2025-12-19 |
Day's range | 17.25 - 17.25 |
Contract range | N/A |
Volume | |
Open interest | 42 |
PayPal (PYPL) has adjusted its full year profit forecast, increasing estimates due to robust consumer demand. A survey from LendingTree showed almost 30% of Americans are considering a Buy Now, Pay Later (BNPL) loan this month. The survey also showed that 47% of BNPL users have been late on a payment. LendingTree Chief Credit Analyst Matt Schulz joins Wealth! to give insight into PayPal's BNPL loans and how it impacts consumers. In response to the percentage of people who are late on payments, Schultz states: "It just goes to show that even though these loans can be really useful and can be a great financial tool when you use them wisely, there really is a lot of risk. We have seen really high numbers consistently over the years in terms of the percentage of users who have paid late and unfortunately with the cost of things these days, I don't think those numbers are going to come down anytime terribly soon." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
Shares of PayPal (PYPL) are rising Tuesday, buoyed by the company's first quarter performance, which saw payment volume surge 14%. The digital payment giant exceeded analysts' revenue expectations, posting a top-line figure of $7.7 billion, beating the Street's estimate of $7.51 billion. Yahoo Finance's Seana Smith and Brad Smith break down the details of the report. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Wall Street's main indexes fell on Tuesday with caution prevailing ahead of the Federal Reserve's interest-rate decision and as stronger-than-expected labor costs hinted at persistent inflation. U.S. labor costs increased in the first quarter amid a rise in wages and benefits, confirming the surge in inflation early in the year that will likely delay a much-anticipated interest rate cut later in 2024. The data comes ahead of the Federal Reserve Open Market Committee's (FOMC) two-day meeting during the day, with the interest rate verdict and Chair Jerome Powell's remarks at the end of the event in focus.