EBay’s (EBAY) performance will remain choppy until the planned spinoff of its PayPal payment unit in Q3 2015, but JPMorgan said in a late Wednesday investor note that it’s upbeat about the “spin value” likely to be created when PayPal becomes a separately traded company. JPMorgan maintained its neutral rating and price target of 62 on eBay stock. Analyst Doug Anmuth said challenges in eBay’s Marketplace business and adverse foreign currency
Apple Pay is off to a fast start, grabbing 1.7% of mobile payment transactions in November, its first full month of operation, ITG Investment Research reported Friday. Just six weeks after its launch, Apple’s (AAPL) e-wallet service is shaping up as a serious threat to market leader PayPal. PayPal, a unit of eBay (EBAY), was the top mobile payment company in terms of dollars spent last month, with 78% market share. But that’s down from 80% in the same month last year, ITG said. Square was second, with 18% market share, up from 15%. Google’s (GOOGL) Google Wallet was third with 4%, but that’s after three years on the market. A year ago, Google Wallet had 5% market share. Apple Pay accounted for 1% of dollars spent using mobile payment services in November. Since its Oct. 20 launch, Apple Pay is showing strong momentum, ITG analyst…