Streetbeat News

Visa Inc.

https://usa.visa.com

Industry

Financial - Credit Services

Visa Inc. operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. In addition, the company offers card products, platforms, and value-added services. It provides its services under the Visa, Visa Electron, Interlink, VPAY, and PLUS brands. Visa Inc. has a strategic agreement with Ooredoo to provide an enhanced payment experience for Visa cardholders and Ooredoo customers in Qatar. Visa Inc. was founded in 1958 and is headquartered in San Francisco, California.

Open

327.21

Mkt cap

648B

Volume

7.8M

High

332.77

P/E Ratio

33.45

52-wk high

366.54

Low

326.38

Div yield

0.01

52-wk low

252.70

Barclays analyst Raimo Lenschow maintains an Overweight rating on Visa (NYSE:V) and raises the price target from $272 to $287.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 11:51 am

The Dow Jones marked a 10-day winning streak, driven by positive quarterly results from defensive stocks. The Nasdaq Composite, however, was down 0.42% due to disappointing results from Netflix and Tesla. Tesla's stock fell almost 10% after CEO Elon Musk's conference call failed to provide key details about future developments. Netflix's shares also fell despite better-than-expected earnings per share. Major banks, including Bank of America, Morgan Stanley, and Charles Schwab, showed resilience with positive quarterly results. ExxonMobil announced plans to mine lithium, indicating a diversification into the EV industry. The $69 billion merger of Microsoft and Activision Blizzard moved forward after the FTC paused an antitrust lawsuit.

Portfolio Pulse from Natan Ponieman

July 21, 2023 | 8:12 pm

Chinese mobile payment platforms WeChat Pay and Alipay will now accept overseas cards like Visa and Mastercard to facilitate mobile payment for overseas users in China. This move coincides with the full resumption of travel and international business activities in China. Alipay has completed support for overseas users to use mobile payments in China, while Tencent is deepening its collaboration with international card organizations including Visa, Discover Global Network, JCB and Mastercard.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 6:02 pm

Morgan Stanley analyst James Faucette reiterated Overweight ratings on Visa Inc (NYSE:V) with a $290 price target and Mastercard Inc (NYSE:MA) with a $440 price target. He expects strength in international travel to drive an upside to Visa and Mastercard's earnings, especially as cross-border volumes generate higher yields and margins than domestic volumes. He also sees recent underperformance relative to the market as a compelling valuation with macro risks fully priced in.

Portfolio Pulse from Anusuya Lahiri

July 19, 2023 | 6:03 pm

Richard Clode, a fund manager at Janus Henderson Investors, shares his investment strategy in tech firms, focusing on long-term trends and underappreciated stocks. His funds include Big Tech stocks like NVIDIA, TSMC, Mastercard, and Visa. Both of Clode’s funds have outperformed the S&P 500’s half-year return of nearly 16%.

Portfolio Pulse from Benzinga Neuro

July 19, 2023 | 10:35 am

Visa and the U.S. Soccer Federation (USSF) have announced a renewed partnership agreement. Visa will remain the exclusive payment services partner of the U.S. Women's and Men's National Soccer Teams, providing unique benefits to cardholders through 2028.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 7:51 pm

A significant investor has taken a bearish stance on Visa (NYSE:V), with 75% of the detected trades being bearish. The trades include 4 puts amounting to $773,700 and 12 calls amounting to $528,233. The targeted price range for Visa over the last 3 months has been $210.0 to $270.0. The current price of Visa is down by 1.3% at $240.83.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:45 pm

Visa (NYSE:V) has outperformed the market over the past 15 years, producing an average annual return of 18.76%. If an investor had bought $100 of V stock 15 years ago, it would be worth $1,357.39 today. The company currently has a market capitalization of $511.01 billion.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 9:30 pm

Visa (NYSE:V) has been in consolidation for two years, but now appears poised for a breakout as fundamentals have caught up to its stock price. The company has a strong balance sheet, impressive return metrics, and has seen consistent growth in revenues, free cash flow, and net income. Visa's valuation is considered reasonable under the '2G' rule, and it is expected to meet or surpass market expectations. The company is set to announce its quarterly results on July 25, 2023, which could serve as a catalyst for its shares to reach new all-time highs.

Portfolio Pulse from Dimitry Nakhla

July 17, 2023 | 4:14 pm

Major U.S. banks including JPMorgan Chase & Co., Wells Fargo & Co, BlackRock Inc., Citigroup Inc, and State Street Corp. are set to release their Q2 earnings results on July 14. The Street consensus projects significant increases in EPS for most of these banks, with the exception of Citigroup. Three financial ETFs to watch during this period are Financial Select Sector SPDR Fund, Direxion Financial Bull 3x Shares, and SPDR S&P Bank ETF.

Portfolio Pulse from Piero Cingari

July 13, 2023 | 9:24 pm

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