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

Baird analyst David Koning has reiterated an Outperform rating on Visa (NYSE:V) and maintained a price target of $284.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 3:37 pm

Visa Inc. has signed a five-year partnership with UK-based payment platform Paysend for international money transfers through Visa Direct. The deal will allow Paysend's customers to send money in real-time to eligible Visa cards across 170 countries. The partnership will focus on promoting speedy payments to Visa cards, particularly from the USA to Latin America. This builds on Paysend's existing relationship with Currencycloud, part of Visa Cross-Border Solutions.

Portfolio Pulse from Nabaparna Bhattacharya

September 14, 2023 | 2:47 pm

Visa has recently deployed a secure instance of GPT-4 to its employees to increase productivity. The use of this AI technology is subject to responsible AI usage guardrails.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 2:05 pm

Paysend and Visa have announced a five-year strategic collaboration aimed at revolutionizing international money transfers through Visa Direct. The partnership will leverage Visa's global reach to expand Paysend's capabilities.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 11:03 am

Visa (NYSE:V) has invested in London-based payments platform Form3 through a commercial partnership. This will allow Visa clients to minimize fraud while sending and receiving real-time account-to-account payments using Form3's fraud-detection tools and Visa's AI and risk-scoring features. The partnership will also enable Form3 to develop new products and services and expand into new territories where real-time payment solutions are integral.

Portfolio Pulse from Khyathi Dalal

September 13, 2023 | 7:17 pm

Visa (NYSE:V) has outperformed the market over the past 15 years, producing an average annual return of 19.7%. If an investor had bought $100 of V stock 15 years ago, it would be worth $1,548.82 today. The article emphasizes the impact of compounded returns on cash growth over time.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 7:00 pm

Visa has launched the 2023-2024 Growth Corporates Working Capital Index, which aims to examine the middle-market business community's working capital challenges.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 11:03 am

A significant amount of bearish options activity has been observed for Visa (NYSE:V), with 54% of investors opening trades with bearish expectations. The total amount for puts is $715,855 and for calls is $130,580. Whales have been targeting a price range from $210.0 to $280.0 for Visa over the last 3 months. JP Morgan maintains an Overweight rating on Visa with a price target of $296, while Mizuho and Wedbush have downgraded their actions to Neutral and Outperform with price targets of $255 and $270 respectively.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 6:46 pm

Analytics firm IntoTheBlock predicts a potential $3 billion sell-off in the cryptocurrency market, linked to FTX's upcoming offloading of vast crypto holdings. This comes amidst traditional finance institutions introducing crypto-based products, such as Grayscale's Bitcoin Trust and ARK Invest's filing to introduce the first spot Ethereum ETF. However, these announcements have not significantly impacted Ethereum's price. The report also notes that Ethereum's price is being held within a tight range due to a substantial concentration of holdings close to its current value.

Portfolio Pulse from Murtuza Merchant

September 11, 2023 | 4:10 pm

Mastercard (NYSE:MA) is partnering with Ripple, Consensys, Fluency, and Fireblocks to support central banks with their central bank digital currency (CBDC) programs. The company aims to make CBDCs as easy to use as other forms of money. A recent survey indicated that 93% of banks are considering a potential CBDC, with 60% stating that stablecoins have increased their work on CBDCs. Meanwhile, Visa (NYSE:V) has developed a programmable finance platform for supporting Brazilian farmers and initiated a CBDC pilot project in Brazil.

Portfolio Pulse from Khyathi Dalal

September 11, 2023 | 1:42 pm

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