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Western Union (NYSE: WU)

Western Union provides money transfers through a global network of about 600,000 agents.

WU is one of the leaders in national and international financial transfers, moving money to over 200 countries and territories, in 130 currencies. The company allows customers to send transfers on-line, through its app, or in person from its many locations. It offers competitive foreign exchange rates and real-time tracking of your encrypted transfer.

Income Investor

Morningstar Research estimates a fair value of $17 for the shares, 53% high than its current price. The stock is a buy for yield for investors who can accept higher risk in exchange for a high US dollar yield. - Adam Mayers

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WU was first recommended here on December 24, 2021