95 days ago • Posted by William Ramstein

PayPal could continue upward trajectory with more bitcoin gains

Analysts expect PayPal’s  bid for more growth -- particularly through its ground-breaking move into cryptocurrency -- will be a key focus at the event on Thursday. Shares have soared 135% in the past year, propelled by a shift to digital commerce amid the pandemic. Its market value of about $331 billion exceeds most large banks, including Bank of America Corp., Citigroup Inc. and Wells Fargo & Co., and almost matches Mastercard Inc.’s of $332 billion. The stock touched an all-time high on Feb. 9 as Bitcoin blew past another record. Shares also rose after better-than-expected earnings last week. - Bloomberg