JMP Securities Downgrades MoneyGram International (MGI) to Market Perform
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UPDATE: MoneyGram (MGI), XOOM (XOOM) on Watch After Wal-Mart Signs New Money Transfer Agreement
April 17, 2014 9:05 AM EDT(Updated - April 17, 2014 10:41 AM EDT)
MoneyGram International, Inc. (NASDAQ: MGI) and XOOM (NASDAQ: XOOM) stocks were affected by an announcement Walmart introduced a money transfer service from from Euronet Worldwide Inc. (Nasdaq: EEFT). Analysts Timothy Willi speculated the company is simply getting shelf space. (Note* Comments were made prior to the announcement.)
"We believe that investors may fear that MGI is losing the WMT contract, but we view that as... More
MoneyGram (MGI), Western Union (WU) Lower as Wal-mart Debuts Money-Transfer Service
April 17, 2014 8:57 AM EDTMoneyGram International, Inc. (NASDAQ: MGI) and Western Union (NYSE: WU) are getting hit early as Wal-mart has introduced a new money-transfer service. More on the news can be read here.
... MoreWal-mart (WMT), Ria (EEFT) Debut Money-Transfer Service
April 17, 2014 8:55 AM EDTMillions of customers transfer money domestically each year, many of them struggling to navigate the complex and costly fees that come with each transaction. Today, Wal-mart (NYSE: WMT) and Ria -- a subsidiary of Euronet Worldwide, Inc. (NASDAQ: EEFT) -- are launching a retail industry first - Walmart-2-Walmart Money Transfer Service. Available April 24, the new low-cost service allows customers to transfer money to and from more than 4,000 Walmart stores nationwide for up to 50 percent less than similar offerings on the market.
After... More
