PayPal Wants to Consolidate the World of Rewards Points

PayPal’s bi-annual investor day kicked off in San Francisco on Thursday. TheStreet is covering it live.

PayPal (PYPL – Get Report) is one of the hottest stocks in the market.

Why? Because it’s growing gangbusters. TheStreet reports live from the fintech giant’s bi-annual investor day in San Francisco Thursday.

PayPal: By the Numbers Via CFO
PayPal Chief Financial Officer John Rainey says company will “sustain” and “accelerate” its financial performance.
Sees operating margin expansion this year.
By 2022, sees 85% of its business being mobile.
iZettle will be profitable in 2020. But, sees a 6 cent hit in 2019.
Sees $15 billion in cash by year end 2018.
Expects $1 billion to $3 billion a year to be used in M&A.
17 to 18% CAGR revenue growth; operating margins up; EPS 20% CAGR < ----- 3 TO 5 YEAR OUTLOOK PayPal and Blockchain
A PayPal exec just revealed the company is testing certain applications with blockchain. Accepting crypto at some point?

During Break Time
Chatted briefly with Schulman on the sidelines during the break period. This rewards program consolidator initiative could be big for PayPal. Investors seemed pretty bullish on it as well.

The new rewards initiative will launch this year with CitiGroup (C – Get Report) , Discover and Chase and in 2019, Barclays.
Read More

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May 24, 2018 3:27 PM EDT


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