Western Union Announces Preliminary 3Q Results

JP Morgan has published a research report on The Western Union Company

. In the report, JP Morgan writes "Revenue growth of 1% (1% on organic constant currency basis) was better than our estimate of flat growth. C2C revenue growth of 1% (3% in constant currency) was also ahead of our estimate of -1% decline (+2% in constant currency). C2B revenue increased by 4% (-7% excluding Custom House) compared with our estimate of 3% (-9% excluding Custom House)." JP Morgan reiterates its Overweight rating and notes that Western Union is still one of its top long ideas. The Western Union Company closed yesterday at $17.40.