Wise Shares Experience Downturn Following Fintech Group's Caution on Income Growth Prospects

Thursday, 13 June 2024, 15:40
The article discusses Wise, the money transfer platform, issuing a warning on income growth for the 2025 financial year. The company expects a decrease in growth rates, with projected figures falling below previous year's performance. This news has led to a drop in Wise's share price and raises concerns over the company's future financial performance.
https://store.livarava.com/c5a09163-29ae-11ef-ab78-0d95d4a28fb2.jpg
Wise Shares Experience Downturn Following Fintech Group's Caution on Income Growth Prospects

Wise Share Price Decline

The recent announcement by Wise concerning income growth forecasts has triggered a negative market reaction.

Income Growth Projection

The fintech group anticipates a slower increase in underlying income for the upcoming financial year, significantly lower than the previous period.

  • 15 to 20% Rise Expected
  • Compares to the previous year's 31% growth
Do you want to advertise here? Contact us

Related posts

Do you want to advertise here? Contact us
Do you want to advertise here? Contact us
Newsletter

We carefully select news from the world of finance and publish it for our users. We understand the importance of reliable and up-to-date information for people in the financial world. Do you want to receive news in a convenient format and always have it at hand — subscribe to our newsletter and make your analytical work more effective.

Subscribe