MoneyGram International, Inc. (MGI)
|Net Income (ttm)||34.20M|
|Day's Range||10.42 - 10.54|
|52-Week Range||9.18 - 10.96|
|Price Target||11.22 (+6.65%)|
|Earnings Date||May 5, 2023|
MoneyGram International, Inc., together with its subsidiaries, provides cross-border peer-to-peer payments and money transfer services in the United States and internationally. The company operates through two segments, Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment offers money transfer services and bill payment services through third-party agents, including retail chains, independent retailers, post offices, banks, and other financial institutions; and digital solutions, such as moneygram.com, account de... [Read more]
Financial PerformanceFinancial Statements
According to 8 analysts, the average rating for MGI stock is "Sell." The 12-month stock price forecast is $11.22, which is an increase of 6.65% from the latest price.
MoneyGram taps budding fintech to grow its presence in Jamaica
MoneyGram is working with homegrown wallet Lynk so customers can receive remittances, which will aid its digital push.
MoneyGram (MGI) Ties Up to Ease Remittance Receipts in Jamaica
MoneyGram (MGI) partners with the mobile wallet of Jamaica - Lynk, to enable consumers of the country to receive hassle-free remittances through their smartphones.
MoneyGram Introduces Digital Receive Capabilities in Jamaica through Partnership with Lynk, the Largest Mobile Wallet in the Country
Lynk's fast-growing user base now has the ability to receive cross-border payments directly to their smartphones MoneyGram is the first money transfer organization to bring this capability to market i...
Are Investors Undervaluing MoneyGram International (MGI) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest...
MoneyGram (MGI) Q4 Earnings Beat on Record Digital Revenues
MoneyGram International's (MGI) Q4 results reflect record-high digital revenues and digital transactions growth. The company benefits from lower operating expenses and increased investment income.
MoneyGram International Reports Fourth Quarter and Full-Year 2022 Results
Digital revenue reached an all-time high of $98.6 million and digital transactions reached 47% of money transfer transactions at the end of the fourth quarter Digital transactions increased 47% in the...
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MoneyGram Provides Further Update on Timing of Closing of Merger Transaction with Madison Dearborn Partners
One Regulatory Approval Remains and Closing Now Expected End of Q1/Early Q2 DALLAS , Jan. 30, 2023 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) (the "Company"), a leading global financi...
MoneyGram Joins Forces with BOTIM to Launch International Money Transfer to Over 200 Countries
BOTIM, the largest and most popular VoIP solution in MENA, is now the region's first communications platform to enable its users to seamlessly send money around the world Astra Tech, the owner of BOTI...
MoneyGram Recognized as Top Workplace in the USA for Second Consecutive Year
The Company has been named a recipient of the 2023 Top Workplaces USA award, an honor based entirely on employee feedback as part of leading employer recognition program Top Workplaces The award measu...
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of MoneyGram International, Inc. - MGI
NEW YORK , Jan. 12, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of MoneyGram International, Inc. ("MoneyGram" or the "Company") (NASDAQ: MGI). Such investors are ...
MoneyGram Teams With CellPay to Expand Bill Payment Offering
MoneyGram has partnered with CellPay to expand its payment option to over 30,000 billers. “This strategic partnership further accelerates both companies' growth in a highly competitive bill payment ar...
MoneyGram Nears Completion of Merger Transaction with Madison Dearborn Partners
MoneyGram and MDP have received all but one regulatory approval and expect to close the transaction in early Q1 2023 DALLAS , Dec. 21, 2022 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) ...
MoneyGram (MGI) Unveils Digital Money Transfers in Brazil
MoneyGram (MGI) introduces MGO in Brazil, by virtue of which the country's consumers can engage in hassle-free global digital money transfers.
MoneyGram Launches MoneyGram Online ("MGO") Website in Brazil
Consumers can now use the Company's leading website to send funds from Brazil in near real-time to family and friends around the world MoneyGram is continuing to execute its strategy to accelerate the...
Why Is MoneyGram (MGI) Up 3.9% Since Last Earnings Report?
MoneyGram (MGI) reported earnings 30 days ago. What's next for the stock?
MoneyGram (MGI) Upgraded to Buy: What Does It Mean for the Stock?
MoneyGram (MGI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
MoneyGram (MGI) Ties Up to Ease Money Remittances in Bahrain
MoneyGram (MGI) collaborates with Beyon Money to help Bahrain's consumers engage in hassle-free global outbound money transfers utilizing the former's widespread global network.
MoneyGram (MGI) Up Despite Q3 Earnings Miss, Revenues Up Y/Y
MoneyGram's (MGI) third-quarter results reflect higher digital money transfer revenues and solid segmental contributions, partly offset by rising operating costs.
MoneyGram Announces Partnership with Beyon Money to Enhance Cross-Border Payment Capabilities on Bahrain's First Financial Super App
Consumers in Bahrain will be able to use the Beyon Money app to send money in near real-time to over 200 countries and territories around the world This partnership builds upon the Company's several r...
MoneyGram (MGI) Misses Q3 Earnings Estimates
MoneyGram (MGI) delivered earnings and revenue surprises of -15.38% and 1.54%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
MoneyGram International Reports Third Quarter 2022 Results
Digital revenue reached an all-time high of $95 million and digital transactions reached 45% of money transfer transactions at the end of the third quarter Digital transactions increased 39% over the ...
MoneyGram now allows U.S. users to buy and hold crypto on its mobile app
(Kitco News) - MoneyGram International has launched a new service that allows U.S.-based users of its MoneyGram mobile app to buy, sell, and hold BTC, ETH and LTC.
MoneyGram Announces Strategic Partnership and Minority Investment in UAE-Based Fintech Startup Jingle Pay
Through this strategic partnership, consumers in the UAE can use the Jingle Pay app to send money in near real-time to over 200 countries and territories around the world MoneyGram has also completed ...
Here's Why MoneyGram (MGI), e& Alliance Extension is Significant
Partnership with MoneyGram (MGI) is expected to enable e& money mobile-wallet users to send money globally in near real-time.