CYBBF - Global Payments is finalizing Caixabank contract starts NetSpend review
Global Payments (GPN +2.3%) said it expects to finalize contract negotiations to become the technology partner for Caixabank's (OTCPK:CAIXY) card issuing business in coming weeks. "Upon implementation in conjunction with our recently announced partnership with Virgin Money (OTC:CYBBF), we believe that Global Payments (NYSE:GPN) will be among the leading debit technology providers across Europe," Global Payments CEO Jeff Sloan said. As part of its aim to refine its portfolio mix and focus on corporate customers, Global Payments (GPN) has started a strategic review of its NetSpend consumer business. The company plans to keep its B2B assets. Q4 adjusted EPS of $2.13, exceeding the average analyst estimate of $2.12, rose from $1.80 in the year-ago quarter Q4 adjusted net revenue of $1.98B topped the $1.97B consensus and rose 13% Y/Y. Global Payments (GPN) issued guidance for adjusted EPS of $9.45-$9.67 in 2022, resulting in a midpoint of $9.56 that matches consensus. Note
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Global Payments is finalizing Caixabank contract, starts NetSpend review