Cash is slowly dying. These are the companies replacing it [CNNMoney.com]
PayPal Holdings, Inc. (PYPL)
Last paypal holdings, inc. earnings: 1/29 04:15 pm
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Source: CNNMoney.com
Cash is slowly dying. These are the companies replacing it New York (CNN Business) It's no longer all about the Benjamins. Or the Jacksons, Lincolns and Washingtons, for that matter. The pandemic has accelerated the demise of cash because of infection concerns -- and that's great news for Square as well as Venmo owner PayPal . Their stocks are surging this year as people continue to shun physical bills and coins , shop online and send payments digitally in an increasingly contactless world. The use of paper currencies was already in decline before the coronavirus outbreak, according to research from the Federal Reserve Bank of San Francisco. PayPal ( PYPL ) shares have surged 65% while Square ( SQ ) has more than doubled so far in 2020. Both stocks are at all-time highs. And given the favorable trends, it's likely that each stock could continue to thrive. When we go back to eating out, more of us will pay with our phones Analysts are
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PYPL
News
- Bitcoin's halving event is set for Friday or Saturday—why it's hard to say exactly when [Fortune]Fortune
- Should You Sell PayPal Holdings (PYPL)? [Yahoo! Finance]Yahoo! Finance
- Payment Gateway Market worth $48.4 billion by 2029, growing at a CAGR of 12.6%: Report by MarketsandMarkets™ [Yahoo! Finance]Yahoo! Finance
- Singapore-Licensed Triple-A to Offer PayPal Stablecoin Support [BNN Bloomberg (Canada)]BNN Bloomberg
- PayPal Holdings, Inc. (NASDAQ: PYPL) had its price target raised by analysts at Sanford C. Bernstein from $66.00 to $68.00. They now have a "market perform" rating on the stock.MarketBeat
PYPL
Earnings
- 2/7/24 - Beat
PYPL
Sec Filings
- 4/17/24 - Form PX14A6G
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- PYPL's page on the SEC website