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V

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

Piper Sandler has maintained an Overweight rating on Visa and raised its price target from $319 to $322, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 9:15 am

U.S. stock futures are mixed with key earnings reports from Meta, Alphabet, Microsoft, Visa, and Caterpillar. Meta is expected to report strong earnings, Alphabet exceeded expectations, Microsoft is anticipated to post solid results, Visa reported better-than-expected earnings, and Caterpillar is set to announce its earnings.

Portfolio Pulse from Avi Kapoor

October 30, 2024 | 6:03 am

Visa has partnered with Coinbase to allow customers to deposit funds into their Coinbase accounts in real-time using eligible Visa debit cards. This service is available to customers in the US and EU, enhancing convenience and security.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 11:00 pm

Visa Inc. reported better-than-expected Q4 results with earnings of $2.71 per share and revenue of $9.6 billion, surpassing analyst estimates. The company also announced a 13% increase in its quarterly cash dividend.

Portfolio Pulse from Erica Kollmann

October 29, 2024 | 8:33 pm

Visa projects high single-digit net revenue growth for Q1 2025 and high single-digit to low-double-digit growth for FY25.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:14 pm

Visa reported Q4 2024 earnings per share of $2.71, surpassing the analyst estimate of $2.58. The company's sales reached $9.60 billion, exceeding the expected $9.49 billion and marking an 11.51% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:07 pm

Visa is planning to lay off around 1,400 employees and contractors as part of a restructuring effort to streamline its international business. The layoffs are expected to occur by the end of the year.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 6:47 pm

Tech stocks rose as investors anticipated earnings from major companies like Alphabet and AMD. The Nasdaq 100 gained 0.7%, while the S&P 500 remained stable. Gold hit record highs, and Bitcoin neared its all-time high. Treasury yields climbed amid fiscal concerns.

Portfolio Pulse from Piero Cingari

October 29, 2024 | 5:54 pm

High-rolling investors are showing bullish sentiment on Visa (NYSE:V) through options trading, with 75% of trades being calls. The expected price range is $270 to $295. Analysts maintain an 'Outperform' rating with target prices around $310-$330.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 2:30 pm

US stocks are expected to open weaker as investors focus on upcoming earnings from major companies like Alphabet, AMD, and Pfizer. Analysts suggest earnings may exceed Wall Street expectations. The tech sector, led by Tesla, continues to drive market gains. Ford and McDonald's face premarket declines due to guidance cuts and sales drops, respectively.

Portfolio Pulse from Rounak Jain

October 29, 2024 | 11:43 am

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