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Citigroup boosts PayPal stake as company reports strong earnings, exceeding expectations.
Citigroup Inc. increased its PayPal stake by 27.2% to $135.5 million worth of shares, while the Swiss National Bank reduced its holding by selling 57,500 shares.
PayPal reported a strong quarter with earnings of $1.40 per share, exceeding expectations, and analysts predict a yearly EPS of 5.03.
The company's market capitalization is $64.63 billion, with a P/E ratio of 14.46 and a PEG ratio of 1.05.
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Citigroup aumenta la participación de PayPal mientras la compañía reporta fuertes ganancias, superando las expectativas.