No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Fintech group Wise traded higher early on Thursday on the back of preliminary FY figures that pointed to growth in both active customers and underlying income.
Wise now expects to post a 21% increase in active customers to 15.0m and a 16% improvement in underlying income. As a result, Wise also said FY income should come to roughly �1.4bn. On the other hand, profit margins were predicted to have narrowed by 1% year-on-year in FY25.
Wise also expects to deliver underlying income growth of 15% to 20% in FY26, while pre-tax profit margins were pegged to top analysts' estimates.
As of 0915 BST, Wise shares were up 2.42% at 1,007.80p.
Reporting by Iain Gilbert at Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.