Western Union CEO, Hikmet Ersek, discusses his company’s recently announced $1.2 billion share buyback program, the new ApplePay partnership, and the importance of female immigrants to the money transfer business in an exclusive interview with TheStreet’s Janet Al-Saad. Western Union recently announced it's share buyback program amid strong Q4 EPS results of 42 cents per share, which handily beat consensus expectations of approximately 34 cents. The company's share price has skyrocketed over ten percent since early February, further bolstered by an increase in dividends and its announcement of a money transfer technology partnership with ApplePay. Ersek also explains how the company's innovation is predicated on its commitment to its customers, over 50% of whom are female immigrants.
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.