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

The Dow Jones Industrial Average hit a new all-time high on Dec. 1, with the SPDR Dow Jones Industrial Average ETF (DIA) up 9.6% YTD. Salesforce (CRM) led the DJIA components with a 92.32% YTD increase, followed by gains in Intel (INTC), Microsoft (MSFT), Apple (AAPL), and Visa (V). Over the past month, DIA outperformed the SPDR S&P 500 ETF (SPY), with DIA up 9.10% compared to SPY's 8.60%. Salesforce's recent stellar results and AI partnership with Amazon have been key growth drivers.

Portfolio Pulse from Surbhi Jain

December 04, 2023 | 3:25 pm

Insiders at Williams-Sonoma, Visa, KeyCorp, and Sprouts Farmers Market have recently sold shares of their companies. Williams-Sonoma insiders sold shares after reporting better-than-expected Q3 earnings. Visa's insider sale coincides with an extended collaboration in Europe. KeyCorp's insider sold shares as Q3 FY23 revenues met consensus. Sprouts Farmers Market's CEO sold shares after reporting a 7.7% Y/Y sales growth in Q3 FY23.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 12:21 pm

Benzinga's options scanner revealed significant bearish positioning on Visa (NYSE:V) by high-rolling investors, with 66% bearish sentiment among the options trades detected. A total of 12 options trades were spotted, with a notable put for $32,580 and 11 calls totaling $650,859. The targeted price range for Visa is between $240.0 to $250.0. Visa's current stock price is $253.0, with a potential overbought indication from the current RSI values. The next earnings report is due in 64 days. Analyst ratings for Visa are mixed, with a consensus target price of $269.5, ranging from $243 to $287.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 4:31 pm

Over the past 15 years, Visa (NYSE:V) has delivered an average annual return of 21.84%, outperforming the market by 10.39%. A $1000 investment in Visa 15 years ago would now be worth $20,316.58. Visa's current market capitalization stands at $512.31 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 4:00 pm

Paysafe Ltd (PSFE) has extended its collaboration with Visa (V) in Europe to utilize Visa's Network Tokens for enhanced payment security. These tokens replace primary card numbers, reducing fraud risk and ensuring smooth recurring payments. The service will be available through Paysafe's Single Payments API, improving security for various types of transactions. Visa's SVP Mehret Habteab highlighted that Network Tokens can increase authorization rates by 5% and enhance the digital payment experience.

Portfolio Pulse from Khyathi Dalal

November 20, 2023 | 9:21 pm

Ashok Venkateswaran of Mastercard Inc. expressed skepticism about the readiness of central bank digital currencies (CBDCs) for widespread adoption at the Singapore FinTech Festival. He emphasized the need for CBDCs to be as easy to spend as cash and noted the significant development required for their infrastructure. Mastercard has been involved in CBDC projects, such as the e-HKD pilot in Hong Kong, alongside competitors like Visa Inc. and financial institutions HSBC Holdings plc and Hang Seng Bank. Venkateswaran sees potential in wholesale CBDCs for interbank settlements and highlighted Singapore's efficient payment system as a reason for the diminished need for a retail CBDC.

Portfolio Pulse from Murtuza Merchant

November 17, 2023 | 3:36 pm

Warren Buffett's Berkshire Hathaway maintains Apple Inc. as its largest holding, but the portfolio is also significantly invested in the financial sector. As of Q3 2023, financials represent 21.75% of the portfolio, with major stakes in Bank of America, American Express, Moody's Corporation, Citigroup, Visa, Mastercard, and Aon PLC.

Portfolio Pulse from Surbhi Jain

November 16, 2023 | 5:12 pm

In Q3, Berkshire Hathaway, led by Warren Buffett, made several adjustments to its portfolio. It maintained its largest holding in Apple but trimmed its Chevron stake by 10.45%. Berkshire sold all its shares in GM, Celanese, Johnson & Johnson, Procter & Gamble, and UPS. New additions included Atlanta Braves Holdings and Sirius XM, while stakes in HP and Amazon were reduced. Core holdings in Bank of America, American Express, Coca-Cola, and Occidental Petroleum remained unchanged, as did positions in Lennar, D.R. Horton, Capital One, Mastercard, Visa, Snowflake, VeriSign, Kroger, Mondelez, and ETFs SPDR S&P 500 and Vanguard 500 Index Fund.

Portfolio Pulse from Shanthi Rexaline

November 15, 2023 | 7:47 am

At Benzinga's 'Fintech Deal Day' Conference, Hedera CFO Betsabe Botaitis claimed that the company has 1000% less energy consumption compared to Visa.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 6:17 pm

Finance experts are advising consumers to save during the holiday season due to high inflation and interest rates. Savings accounts, CDs, and bonds are offering returns up to 5%, making spending less attractive. High credit card rates, which can approach 30%, also discourage spending. The Wall Street Journal suggests reviewing past expenses and setting spending limits with family to avoid overspending. Visa Inc. (V), Mastercard Inc. (MA), SPDR S&P Retail ETF (XRT), and Vanguard Consumer Discretionary ETF (VCR) are stocks and ETFs to watch as they are impacted by consumer spending and credit usage.

Portfolio Pulse from Bibhu Pattnaik

November 12, 2023 | 10:04 pm

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