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via americanbanker.comBusiness & Companies

PayPal counts on growing its business beyond payments

FROM THE WIRE · AMERICANBANKER.COM

PayPal CEO Enrique Lores has been attempting to overhaul the business since taking the reins in March, and has sought to cut costs while advancing its banking products.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe CEO's business overhaul and cost cuts may shape PayPal's outlook.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01CEO Enrique Lores has been overhauling the business since taking over in March.
  2. 02PayPal is seeking to cut costs.
  3. 03The company is advancing its banking products.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
PayPal Holdings, Inc.PYPLStock55.70 USD+0.10%today +1.28%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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