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

Alfred F. Kelly is set to retire as Chairman of Visa's board. He will be succeeded by John F. Lundgren, the current Lead Independent Director.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:10 pm

A significant bullish stance on Visa (NYSE:V) has been observed through unusual options activity. The overall sentiment of these big-money traders is split between 55% bullish and 44% bearish. Out of the special options, 15 are puts, for a total amount of $1,110,592, and 3 are calls, for a total amount of $173,150. Whales have been targeting a price range from $225.0 to $320.0 for Visa over the last 3 months.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 6:30 pm

Oppenheimer analyst Dominick Gabriele maintains an Outperform rating on Visa (NYSE:V) and raises the price target from $248 to $252.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 3:24 pm

Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA) shares are moving lower following reports that the Federal Reserve is planning to lower the fees merchants pay on debit card transactions. The Fed is expected to submit a proposal that would lower the fees, which have not been changed since 2011. Visa processed more than $14 trillion in total transactions in 2022, while Mastercard processed more than $8 trillion.

Portfolio Pulse from Adam Eckert

October 18, 2023 | 1:23 pm

Portfolio Pulse from Lisa Levin

October 18, 2023 | 12:04 pm

The Federal Reserve is planning to introduce a proposal to reduce the fees merchants pay to banks for debit card transactions. This could impact major card issuers like Mastercard (MA) and Visa (V), who have been charging a fee of 21 cents plus 0.05% of the total transaction value for each transaction. The Durbin amendment, which introduced this fee cap, has led to a shift in the payments sector, reducing the influence of networks like Visa and Mastercard in setting interchange fees.

Portfolio Pulse from Anusuya Lahiri

October 18, 2023 | 11:11 am

Keybanc analyst Josh Beck maintains an Overweight rating on Visa (NYSE:V) and raises the price target from $265 to $275.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 10:44 am

The Federal Reserve is reportedly planning to propose a reduction in debit card interchange fees, according to sources cited by The Wall Street Journal. This could impact companies like American Express (AXP), Discover Financial Services (DFS), Mastercard (MA), and Visa (V).

Portfolio Pulse from Charles Gross

October 18, 2023 | 8:42 am

Visa (NYSE:V) has outperformed the market over the past 15 years, producing an average annual return of 21.38%. If an investor had bought $1000 of V stock 15 years ago, it would be worth $18,205.29 today. Visa currently has a market capitalization of $494.31 billion.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 9:30 pm

HSBC analyst Saul Martinez has initiated coverage on Visa (NYSE:V) with a Hold rating and a price target of $266.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 10:38 am

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