UK banking and money transfer firm Wise's share price drops 15% due to lower income forecasts for 2024.
Wise, a UK banking and money transfer firm, sees its share price drop 15% due to lower income forecasts for the 2024 fiscal year, citing sustainable price reductions and increased investments in operational capabilities. Despite this, the company expects medium-term underlying income growth of 15-20% from 2024, with full-year 2025 underlying income growth over 2024 expected to be within the same range.
June 13, 2024
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