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

Analyst ratings for Visa (NYSE:V) have varied over the last quarter, with a recent trend towards bullishness as evidenced by raised price targets and ratings from several analysts. The average 12-month price target is now $305.42, up 6.11% from the previous $287.83. Visa's financial performance remains strong, with significant market capitalization, a positive revenue trend, exceptional net margin, ROE, and ROA, alongside efficient debt management.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 4:00 pm

Wells Fargo analyst Donald Fandetti has maintained an Overweight rating on Visa (NYSE:V) and increased the price target from $300 to $325.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 3:11 pm

The analysis compares Visa (V) with its competitors in the Financial Services industry, highlighting its financial metrics, market positioning, and growth potential. Visa, the largest payment processor globally, shows potential undervaluation based on its PE ratio, strong market sentiment from its PB and PS ratios, and high profitability and operational efficiency through its ROE, EBITDA, and gross profit. However, its lower revenue growth compared to the industry average may concern future performance.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 4:00 pm

JP Morgan Chase & Co. (NYSE:JPM) partners with France's Cartes Bancaires CB to expand its European payment network, challenging Visa Inc. (NYSE:V) and Mastercard Incorporated (NYSE:MA). The partnership, granting merchant clients access to the French payment network by end of 2024, positions JP Morgan as the first U.S. bank to be a principal member of Cartes Bancaires CB. This move is expected to enhance JP Morgan's competitive stance in Europe, particularly France, where it processes over $1 trillion of payments daily and supports over 1,500 European clients. Additionally, JP Morgan's AI-powered cashflow management tool, Cash Flow Intelligence, has seen success, reducing manual labor for corporate customers by up to 90%.

Portfolio Pulse from Nabaparna Bhattacharya

March 05, 2024 | 1:20 pm

Visa and Western Union have expanded their collaboration with a 7-year agreement enabling Western Union customers to send money to Visa cards and bank accounts in 40 countries. The deal includes issuing Western Union/Visa Debit Cards in North America, Asia Pacific, Latin America, and Europe, and using Visa Direct for quick fund transfers. Additionally, it will support humanitarian relief efforts with prepaid cards for government and NGO customers. This partnership aims to enhance global remittance services by leveraging Visa's global network and Western Union's digital capabilities.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:03 pm

Visa Inc. (NYSE:V) reported strong fiscal Q1 2024 results, with an 8% increase in payments volume and a 16% rise in cross-border volume. GAAP EPS rose by 20%, and non-GAAP EPS by 11%. The company expanded its acceptance locations by 17% and network tokens by 55%. Despite challenges like Regulation II impact and weather-related slowdowns, Visa remains optimistic about its future, bolstered by strategic partnerships and a commitment to innovation.

Portfolio Pulse from Tornado

March 04, 2024 | 2:43 pm

Over the past 15 years, Visa (NYSE:V) has significantly outperformed the market, with an annualized return of 22.56%, turning a $1000 investment into $20,423.58. Visa's current market capitalization stands at $571.42 billion.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:00 pm

Recent options trading activity for Visa (NYSE:V) shows a bearish sentiment among investors, with 62% of trades being bearish. The trading focused on a price range between $240.0 and $300.0. Significant trades include both calls and puts, with a notable volume and open interest in options expiring from 2024 to 2024 within the specified price band. Visa, the world's largest payment processor, saw its stock price slightly decrease by -0.09%, with an RSI indicating a potential approach to overbought territory. An analyst from Barclays maintains an Overweight rating on Visa, with a target price of $319.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:30 pm

Visa and the GSMA Foundation have announced the launch of the 'Digital Finance For All' initiative, aimed at expanding access to digital financial services globally. This partnership signifies a strategic move to leverage technology and innovation to foster financial inclusion, particularly in underserved communities.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 11:37 am

Today's session highlighted significant options activity for 10 financial stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions, suggesting shifts in market sentiment for stocks like SQ, USB, C, MS, BAC, HDB, LMND, KKR, V, and COIN. The activity ranged from bullish to bearish sentiments, with notable trades in both call and put options across various expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 5:35 pm

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