First Data (FDC)

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First Data shares could rise more than 70%

NEW YORK: First Data Corp shares could rise as much as 70 percent if the company's performance continues to improve, according to a report on Sunday from the financial publication Barron's.

The payments processor, which has seen shares fall 20 percent since its 2015 initial public offering, is making progress strengthening its balance sheet and rebuilding its business, Barron's said.

Under Chief Executive Officer Frank Bisignano, First Data has improved its technology, paid down debt and got creditors to postpone to 2021 $5 billion in debt payments that were to be payable in 2018. Improved technology and salesmanship should help First Data generate more revenue, Barron's said.

First Data is betting on a new platform called Clover which helps small businesses manage payments more easily. The product it intended to increase client stickiness.

First Data's shares, at around $11, trade at eight times estimated 2016 earnings which is less than half the level of some competitors, Barron's added.

Source: Reuters

[winston]

not vested

THE WORLD IS GOING CASHLESS

Today, we're checking in on one of Steve's favorite trends...

All around the world, consumers are abandoning cash and switching to mobile payments. As this trend has gone mainstream, it's becoming even more important to protect users' private information. That's where today's company comes in...

Financial-technology leader First Data (FDC) provides solutions to secure and process transactions. The company works with more than 6 million business locations and 4,000 banks across the world to handle payments. And having such a large customer base is paying off...

In the most recent quarter, First Data reported net income of $341 million, up 84% from the same quarter in 2017.

As you can see in the chart below, FDC shares are soaring. The stock is up more than 75% in the past two years alone. As people continue to switch from cash to mobile payments, this trend is just getting started...

Source: Daily Wealth