The Western Union Company (NYSE:WU)’s Q2 results released


Dallas, Texas 08/01/2013 (Financialstrend) – The Western Union Company (NYSE: WU) is a global leader for payment services along with its subsidiaries. The firm provides consumers & businesses with reliable, fast and convenient ways to send and receive cash around the world, to purchase money orders and to send payments. The Western Union Company (NYSE:WU) announced its second quarter 2013 on 31st of July 2013 that was a grant commitment of US$1.7 million that will be disseminated across more than 20 non-profit, NGO – non governmental organizations throughout the world. Up to date in 2013, the foundation has announced grants totaling more than US$2.9 million.

The grants are planned to help out raise access to and get better the quality of education programs in numerous regions. The grant cycle offers further support for the Western Union Education for enhanced program that is a three year assurance for growing young minds through premeditated grants, which center of attention on secondary education and vocational training.

The Western Union Company (NYSE:WU), the largest money transfer company in the world had reported a 27 percent fall in second quarter profit as revenue from its consumer business fell and expense rose. The total revenue fell 3%. The Western Union Company (NYSE:WU) had presented gains of 1.18% with the trading and had thereby closed at $17.96 per share. While the stock opened at $17.86 per share, there had been fluctuations in the intraday prices ranging between $17.86 and $18.27 per share during the day. The 52 week low price for the stock is presently at $11.93 and 52 week high price is at $19.14 per share. There are a total 551.80 million shares in the market valuing to a market cap of $9.91 billion. The stock witnessed around 17.46 million shares being exchanged hands on Thursday while the average level of trading is at 6.37 million shares a day.