|Bid||141.24 x 1400|
|Ask||141.40 x 1000|
|Day's range||140.57 - 141.71|
|52-week range||102.26 - 143.14|
|PE ratio (TTM)||34.50|
|Earnings date||23 Oct 2018 - 29 Oct 2018|
|Forward dividend & yield||0.84 (0.60%)|
|1y target est||157.85|
A collaboration between Visa Inc. (NYSE:V), Filene Research Institute and the Ford Foundation aimed at strengthening access to financial services reached 18,000 underbanked households over the past 18 months. The effort, called the “Reaching Minority Households Incubator” program, worked with 40 credit unions across the U.S. and Canada to test financial products and services designed to address the needs of minority communities. During the 18-month testing period, the incubator program issued more than 58,000 loans totaling more than $80 million.
Visa (NYSE:V) today announced an investment and partnership with Israeli start-up, Behalf, to support small business growth through easy-to-access capital and financing. Behalf provides working capital solutions for small businesses and flexible financing for business purchases. As part of Visa’s investment in Behalf, Visa will offer Behalf’s small-business clients a tokenized Visa Virtual Card, a credit-based payment solution that gives businesses instant financing for their business purchases.
The Nasdaq was on track for a fifth straight advance Monday afternoon thanks to strength in some techs and in its newest big member, PepsiCo.
Visa Inc. (NYSE:V) announced today that its board of directors has appointed Denise M. Morrison as a new independent director, effective August 2, 2018. Ms. Morrison was chief executive officer of Campbell Soup Company from 2011 until her retirement in 2018. Ms. Morrison has a distinguished background of building strong businesses and growing iconic brands.
The credit card company should continue to experience market-beating returns as long as it keeps growing in these key markets around the globe.
NEW YORK (AP) — One customer was a debt collector that threatened to jail people if they didn't pay back loans that they never took out. Another was an offshore gambling operation that hid bets behind innocuous-sounding websites, including one dedicated to orange cats. A third was a phone-sex business catering to men with diaper fetishes or fantasies of raping women.
In the fiscal third quarter, Visa (V) witnessed strong growth on a YoY (year-over-year) basis in all its primary business metrics: processed transactions, cross-border transactions, and payment volumes.
Visa’s (V) PE ratio is 27.30x on a next-12-month basis, which represents a premium valuation, as the industry has an average of 17.16x. In the fiscal third quarter, Visa witnessed strong momentum in payment volumes as well as in contactless transactions globally. Transport operators have been the primary drivers of the favorable response to contactless payments.
In the third quarter, Visa (V) witnessed a rise in payment volumes from the United States on a sequential basis from 10.1% to 10.5%.
Visa (V) has been making efforts to increase the use of contactless payments in the United States after experiencing a positive response from Australia as well as the United Kingdom. The company’s management expects that initially, it will take time to expand the use of contactless payments, but later on, growth will increase rapidly. Visa’s management is confident that the initial growth in contactless payments in the United States could be slow, but later on, this growth could witness strong momentum.
Visa (V) posted total payment volumes amounting to $2.1 trillion in its fiscal third quarter thanks to its strong momentum in credit transactions and growth across regions. Of its total payment volumes in the quarter, $428 billion came from the European region, implying a YoY (year-over-year) rise of 8.7% on a constant-dollar basis. Europe, being a cash-driven economy, offers significant opportunities for giant payment processors (IYF) such as Visa and Mastercard (MA).
In the second quarter, Mastercard (MA) witnessed total gross dollar volumes (or GDV) of $1.5 trillion. Excluding the United States, the company’s GDV witnessed YoY growth of 16% mainly on the back of Asia-Pacific as well as Europe. The GDV from Europe in the second quarter was $433 billion compared to $356 billion in Q2 2017.
Investors are well aware by now that big tech companies have been going through a rough patch lately that could continue for the near future. Amid all of this uncertainty in the technology sector, financial payments technology, or FinTech, may be a beacon of hope.
Visa Inc. (NYSE:V), a long-standing worldwide sponsor of the Olympic Games and supporter of the Olympic Movement, and the International Olympic Committee (IOC) today announced an extension to Visa’s Olympic sponsorship through 2032. As part of the renewal, Visa will continue its support of the International Paralympic Committee (IPC) and the Paralympic Games.
A unit of supermarket chain Kroger Co. said Monday it will stop accepting Visa Inc. credit cards at 21 stores and five gas stations in California due to the card giant’s fees. Foods Co Supermarkets said it would stop accepting Visa credit cards on Aug. 14. It will continue to accept Visa debit cards.
According to TransUnion data, US personal loans outstanding grew from ~$71.9 billion a decade ago to ~$120 billion as of March. Personal loans, which aren’t collateralized by an asset, have been availed by ~17 million Americans. Financial technology startup shares like Lending Club, Prosper, and Avant increased from 0.90% in 2010 to 36.2% in 2017. At the same time, bank shares (VFH) (XLF) (IYF) declined from 34.1% to 26.4%.