BofA: Wise Poised for Market Share Gains; lifts Revenue Guidance

BofA Securities analysts say Wise Group is structurally positioned to gain cross-border payments market share. Q2 net revenue was 1.6% above consensus, supported by card revenue and higher interest income, which offset a 2% miss on volumes. Wise raised its net revenue growth guidance to 17.5%-20% at constant currency for the year to March 2027, up from the prior 15%-20% midpoint. The new guidance incorporates recent US and EU rate increases but not future potential lifts. Shares are down 0.5%.