UPDATE 1-PayPal raises full-year profit forecast above Wall Street estimates

PayPal Holdings raised its forecast for full-year adjusted profit above Wall Street estimates on Wednesday, as the payments giant banks on resilient consumer spending trends during the key holiday shopping season. It also named Jamie Miller as its new chief financial officer. Consumer spending has shown remarkable strength this year, with analysts expecting the cheer to extend to the holidays, as companies dangle steep discounts on everything from electronics to clothing to entice inflation-weary shoppers.