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An update from Wise PLC Class A ( (GB:WISE) ) is now available.
Wise PLC reported substantial growth in its third-quarter results, driven by a 24% year-over-year increase in cross-border transaction volumes and a 26% rise in Wise account balances. The firm’s strategic focus on reducing unit costs allowed for lower pricing, contributing to a 13% rise in underlying income despite currency exchange headwinds. Wise continues to expand its global footprint with key partnerships, such as those with Morgan Stanley and Standard Chartered, enhancing its service offerings and marking significant progress towards its mission of facilitating seamless international money management.
More about Wise PLC Class A
Wise PLC is a global technology company specializing in international money transfers and financial management solutions. Through its Wise Account and Wise Business services, the company enables individuals and businesses to hold multiple currencies, make cross-border money transfers, and spend money abroad. Established in 2011 as TransferWise, it is recognized as a rapidly growing tech entity and is publicly traded on the London Stock Exchange under the symbol WISE.
YTD Price Performance: -2.16%
Average Trading Volume: 1,773,255
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £14.85B
See more insights into WISE stock on TipRanks’ Stock Analysis page.
