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

307.50

Mkt cap

584B

Volume

2.6M

High

307.63

P/E Ratio

31.39

52-wk high

309.00

Low

304.45

Div yield

0.01

52-wk low

240.97

Google Ads is phasing out card payments, which could impact various payment processing companies and advertisers. This change may affect companies like Visa, Mastercard, PayPal, and Square, as well as Google's own stock.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 7:22 pm

A proposed $30 billion antitrust settlement by Visa and Mastercard to limit credit and debit card fees for merchants is likely to be rejected by U.S. District Judge Margo Brodie. This development could prolong a nearly two-decade-long legal battle and have significant implications for the credit and debit card industry.

Portfolio Pulse from Aaron Bry

June 14, 2024 | 3:02 pm

Visa and Mastercard are facing a potential setback as a New York judge indicated disapproval of their proposed $30 billion antitrust settlement. The settlement aimed to resolve claims related to credit and debit card fees for merchants but has been criticized for offering insufficient benefits. This comes amid increased scrutiny of their fee practices.

Portfolio Pulse from Benzinga Neuro

June 14, 2024 | 2:21 am

The article provides a comprehensive comparison of Visa (NYSE:V) with its major competitors in the Financial Services industry, focusing on key financial metrics, market standing, and growth prospects. Visa shows strong performance in terms of ROE, EBITDA, and gross profit but has a relatively low revenue growth rate. The company's PE ratio suggests potential undervaluation, while its PB and PS ratios indicate possible overvaluation.