UPDATE: Citi Upgrades Western Union Co. (WU) to Neutral
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Western Union expects better 2021 after COVID-19 hit, says CFO
November 3, 2020 2:40 PM ESTBy Tom Arnold
LONDON (Reuters) - Western Union Co (NYSE: WU), the world's largest money transfer firm, expects an improved outlook for 2021 as people adjust to the novel coronavirus and on expectations for additional U.S. government stimulus to help the economy, its chief financial officer said on Tuesday.
Remittance flows, a vital source of external financing for developing countries, have tumbled this year as new migration has slowed and some existing migrant workers return to their... More
