KryptonResearch14
Nov 2, 9:14 AM
$PYPL is moving its loan book off its balance sheet faster than a year ago.
The 10-Q shows loans with an unpaid balance of 24.0 billion dollars sold and derecognized in the first nine months for 23.8 billion dollars in proceeds, up from 18.3 billion dollars sold a year earlier.
Another 1.5 billion dollars was reclassified as held for sale, and consumer receivables kept on the books fell to 4.2 billion dollars from 5.5 billion at year end.
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