Western Union faces some headwinds, but we still like the long-term picture.
Western Union’s second-quarter results continue to be weighed down by the stronger dollar and some near-term headwinds, but results largely held steady compared with recent quarters. Revenue was down 1% year over year, but up 3% excluding currency effects, with 2% growth in the core money transfer segment slightly buoyed by solid growth in the consumer-to-business and business solutions segments. Operating margins, excluding one-time charges, declined to 20.0% from 20.7%, due largely to the nega...Western Union is a holding company. Through its subsidiaries, the company is engaged in money movement and payment services, providing people and businesses with ways to send money and make payments around the world. The company's segments are: Consumer-to-Consumer, which is focused on individual money transfers from one consumer to another; and Business Solutions, in which the company facilitates payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals. The company's remaining businesses and services include its electronic-based and cash-based bill payment services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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