Shares in Earthport (EPO) rose after the cross-border payments specialist signed up Citizens Financial to use its services. The 13th largest bank in the US - which trades as Citizens Bank and has more than 1,200 branches across 11 states - has turned to Earthport to offer a global payments solution.
IC TIP:
Buy
at
28p
The deal comes after US stock exchange Nasdaq promoted Earthport in a bid to boost trading of overseas companies. The group also partnered with peer Continental Money Transfer in mid-November. Broker Panmure Gordon expects EPS of 1.7p in the year to June 2017 (from a loss per share of 0.1p for FY2016).
