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

FP Omni Technologies is suing TSYS Acquiring Solutions, a subsidiary of Global Payments Inc (GPN), for $500 million over alleged breach of contract. FP Omni claims it was misled about TSYS's ability to process cannabis transactions until 2024, which was disrupted when Visa (V) and Mastercard (MA) banned cannabis-related transactions. TSYS calls the lawsuit baseless, stating it cannot override federal regulations. The lawsuit also hints at potential future cannabis-friendly payment systems by TSYS, Visa, and Mastercard.

Portfolio Pulse from Maureen Meehan

January 01, 2024 | 7:33 pm

Solana (SOL) ends 2023 on a high, reaching a new 52-week high and becoming a highly discussed cryptocurrency. Key highlights include airdrops, meme coins like Bonk (BONK) and Dogwifhat (WIF), and becoming the fourth-largest digital coin by market cap. Solana's partnerships with Visa (V), Mastercard (MA), and Shopify (SHOP) have strengthened its position. The Solana Saga mobile phone sold out, and the Helium Network migration to Solana was completed. Solana also launched a ChatGPT plugin and began tracking its carbon footprint. SOL's price surged over 800% YTD, outperforming Bitcoin (BTC) and Ethereum (ETH).

Portfolio Pulse from Chris Katje

December 27, 2023 | 2:44 pm

Analysts have provided updates on financial stocks Visa Inc. (V), JPMorgan Chase & Co. (JPM), Bank of America Corporation (BAC), and Morgan Stanley (MS). Coverage includes new ratings, price target changes, and recent news such as Visa's collaboration with International Money Express, JPMorgan's acquisition of a stake in Indra, and Bank of America's preferred stock dividends. Analysts' accuracy rates and expected stock movements are highlighted.

Portfolio Pulse from Avi Kapoor

December 27, 2023 | 1:13 pm

Aylo Holdings, the parent company of Pornhub.com, has been arraigned on charges of profiting from sex trafficking proceeds and agreed to pay a $1.84 million fine. The charges stem from Aylo's hosting of videos from GirlsDoPorn, which were allegedly created through sex trafficking. Despite receiving complaints and content removal requests, Aylo continued to profit from the partnership until 2019. The FBI conducted the investigation. In 2020, Visa (V) and Mastercard (MA) severed ties with Pornhub over related accusations.

Portfolio Pulse from Nabaparna Bhattacharya

December 23, 2023 | 8:40 pm

Monness, Crespi, Hardt analyst Gus Gala has initiated coverage on Visa (NYSE:V) with a Neutral rating. No specific reasons for the neutral stance or price targets were provided in the article.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 5:28 pm

Visa Inc. (NYSE:V) has experienced a significant breakout from a long consolidation phase between $174 and $252, which lasted from July 2021. The stock found support at the daily 20 SMA around $255 after a minor pullback from $263. Surpassing the previous high of $263 could indicate a new growth phase and a bullish trend continuation. The stock closed at $259.99 on December 19, up by 0.63%.

Portfolio Pulse from Zaheer Anwari

December 20, 2023 | 5:09 pm

Solana (CRYPTO: SOL) has seen a 500% increase year-to-date in 2023, outperforming Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). The interest in Solana has been fueled by airdrops, meme coins, and partnerships with Visa Inc (NYSE:V) and Shopify (NYSE:SHOP). Sam Bankman-Fried's historical tweet offering to buy SOL at $3 highlighted a significant investment opportunity. A $1,000 investment in Solana at the time of his tweet could be worth $20,114.46 today, a 1,911.4% return. Solana's momentum continues as it becomes the sixth largest cryptocurrency by market capitalization.

Portfolio Pulse from Chris Katje

December 19, 2023 | 10:24 pm

International Money Express, Inc. (Intermex) partners with Visa to enhance its money transfer services. The collaboration enables fast transfers to Visa cards and bank accounts in over 20 new countries. Visa Direct will be integrated into Intermex's platform, offering improved services to countries in Asia, Africa, Europe, and the Caribbean. The service was launched on 12/15/2023 and is available through the Intermex app on Apple and Google Play stores.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:11 pm

Bank of Korea Governor Rhee Chang-yong expressed concerns about the impact of stablecoins like USDT and USDC on central banking operations at a conference. He highlighted the risks they pose to financial stability and the effectiveness of monetary policies, especially with the involvement of global networks such as Visa and Mastercard. Rhee also discussed South Korea's pilot projects for retail and wholesale CBDCs using DLT and the potential benefits of programmability through smart contracts.

Portfolio Pulse from Murtuza Merchant

December 19, 2023 | 6:39 pm

Over the past 15 years, Visa (NYSE:V) has produced an average annual return of 21.8%, outperforming the market with an annualized basis of 9.79%. A $100 investment in Visa stock 15 years ago would be worth $1,940.14 today. Visa's current market capitalization stands at $531.99 billion.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 7:30 pm

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