V - Visa Inc.
| Previous close | 182.26 |
| Open | 183.07 |
| Bid | 0.00 x 900 |
| Ask | 0.00 x 1000 |
| Day's range | 181.19 - 183.08 |
| 52-week range | 121.60 - 187.05 |
| Volume | 5512737 |
| Avg. volume | 7,517,403 |
| Market cap | 404B |
| Beta (3Y monthly) | 0.93 |
| PE ratio (TTM) | 34.23 |
| EPS (TTM) | 5.32 |
| Earnings date | 28 Jan 2020 - 3 Feb 2020 |
| Forward dividend & yield | 1.20 (0.66%) |
| Ex-dividend date | 2019-11-14 |
| 1y target est | 202.94 |
- Zacks
Visa (V) Stock Sinks As Market Gains: What You Should Know
Visa (V) closed at $182.01 in the latest trading session, marking a -0.14% move from the prior day.
- Business Wire
Visa and MFS Africa Bring Digital Payments to More Consumers and Businesses Across Africa
Visa (NYSE: V) and the pan-African fintech leader MFS Africa today announced a partnership that will help bridge the gap between the rapidly growing mobile money ecosystem in Africa and the world of online digital payments, significantly expanding Visa’s reach and its ability to open up commerce to the region.
- Business Wire
Visa and Global Partners Expand Access to Cross-Border Payments for Consumers and SMBs
In today’s connected world, moving money for consumers and businesses should be as simple and routine as sending a text message. Yet, in many cases, consumers and businesses still rely on manual, paper-based processes, high fees and cash to send money to friends, families and business partners. Through Visa Direct, a real-time1 push payment solution that has processed 2 billion transactions2 in the past year, Visa is working with partners and clients around the world to simplify, digitize and drive costs down in the rapidly-growing3 remittances space.
- Business Wire
Visa to Launch New Certification Program to Support Payment Industry Professional Development
Visa Inc. (NYSE: V) today announced plans to launch a new certification program and fund up to 500 scholarships, available to qualified applicants, that can be used toward obtaining this new professional certification. Visa’s new certification program is designed to train individuals as dispute resolution professionals, a role that is currently in high demand across the payments ecosystem.
- Reuters - UK Focus
UPDATE 1-UK regulators call time on lengthy glitches in banking services
Regulators made proposals on Thursday to strengthen the ability of banks and payment firms in Britain to cope with major incidents and maintain key services with minimum interruption. The Bank of England and the Financial Conduct Authority have proposed that banks, insurers, investment firms, exchanges and financial market infrastructure (FMIs) firms like Visa that make payments possible, set "impact tolerances" for important services. Firms themselves would quantify the maximum level of disruption they would tolerate in terms of time, volume of business or number of customers affected.
- Zacks
The Zacks Analyst Blog Highlights: Visa, AT&T, Coca-Cola, American Express and Kimberly-Clark
The Zacks Analyst Blog Highlights: Visa, AT&T, Coca-Cola, American Express and Kimberly-Clark
- Zacks
Top Research Reports for Visa, AT&T & Coca-Cola
Top Research Reports for Visa, AT&T; & Coca-Cola
- TEST Business Wire Releases
NovoPayment and Visa Expand Strategic Partnership in Latin America and the Caribbean
FINNOSUMMIT -- NovoPayment, a Banking-as-a-Service platform category leader, and Visa Inc., the world’s leader in digital payments, today announced an expansion of their strategic partnership to enable financial institutions and merchants to deploy Visa’s digital solutions in Latin America and the Caribbean. Visa has also made a strategic investment in NovoPayment.
- Reuters - UK Focus
Africa-focused lender Bayport explores $800 mln London listing - sources
LONDON/JOHANNESBURG, Nov 29(Reuters) - Bayport Management, an African consumer lending company, is considering a London listing in the first half of 2020 that could value it at around $800 million, three sources familiar with matter said. Bayport, which provides loans primarily to government employees, has hired Citi, JP Morgan and Standard Bank as joint global coordinators for the deal, two of the sources said. The company, founded in 2002 by co-chief executives Stuart Stone and Grant Kurland, is also active in insurance.
- Zacks
Mastercard and PayPal Expand Instant Money Transfer Service
Mastercard (MA) expands its Mastercard Send service for fast money transfer to Singapore and parts of Europe.
- Zacks
How Do Stocks Trade Around Thanksgiving?
The two-day trading period around Thanksgiving???the Wednesday before and the Friday after???has traditionally been strong for stocks.
- Yahoo Finance
These cities top the list of most expensive airports in the US
The travel website recently compiled the most expensive and affordable airports in all 50 states, and ranked Newark Liberty International Airport at the top of the pricey list.
- Business Wire
Visa Inc. to Participate in Upcoming Investor Conference
Visa Inc. today announced its participation in the following investor conference.
- Zacks
Dow Tops 28,000: 7 Hot Stocks Behind the Rally
The dual tailwinds of renewed trade optimism and stronger-than-expected corporate earnings drove the rally. The bullishness was further fueled by rate cuts by the Federal Reserve.
- Simply Wall St.
Calculating The Fair Value Of Visa Inc. (NYSE:V)
In this article we are going to estimate the intrinsic value of Visa Inc. (NYSE:V) by taking the foreast future cash...
- Business Wire
Visa Inc. Announces Appointment of Ramon L. Laguarta to its Board of Directors
Visa Inc.'s (NYSE:V) board of directors announced today that on November 13, 2019, it appointed Ramon L. Laguarta to the Board, effective November 20, 2019, for a term that will expire at the Company’s 2020 Annual Meeting of Stockholders. Mr. Laguarta has served as PepsiCo, Inc.’s CEO and a director since October 2018, and assumed the role of chairman of the board in February 2019. Mr. Laguarta is a strong global leader with extensive consumer products experience gained from 20-plus years of senior operational and executive roles at PepsiCo, both internationally and in the U.S. Upon becoming CEO, he heightened the company’s focus on accelerated, sustainable growth and further pushed purpose to the center of its business strategy and brands.
- Reuters
Visa, Mastercard draw FTC inquiry over debit card transactions: Bloomberg Law
The regulator is looking into whether Visa, Mastercard and other large debit card issuers are blocking retailers from routing card transactions over alternative networks such as Pulse, NYCE and Star, the report said. The FTC has been reaching out to large merchants and their trade groups over the issue, the report added.
- Reuters
Visa, Mastercard draw FTC inquiry over debit card transactions - Bloomberg Law
The regulator is looking into whether Visa, Mastercard and other large debit card issuers are blocking retailers from routing card transactions over alternative networks such as Pulse, NYCE and Star, the report said. The FTC has been reaching out to large merchants and their trade groups over the issue, the report added.
- Business Wire
Visa Introduces Team Visa Roster Ahead of the Olympic and Paralympic Games Tokyo 2020
30+ Olympic and Paralympic hopefuls descend upon San Francisco today for the Team Visa Summit
- Reuters - UK Focus
Revolut plans to raise $500 mln next year to fund global expansion
British-based digital banking app Revolut is in talks with investors to raise at least $500 million next year to fund a global hiring spree as it expands in markets including the United States and Japan. "We want to raise at least $500 million in direct equity and potentially, maybe at a later stage, up to $1 billion in convertible (debt)," its CEO and co-founder Nikolay Storonsky told Reuters in an interview on Tuesday. "We have done soft marketing with investors and we are continuing doing it, so hopefully in the next several months, we'll get it done," Storonsky said of the fund raising.
- Bloomberg
Tencent Should Be Split Up
(Bloomberg Opinion) -- China’s most ubiquitous company is hiding one of its most valuable assets. That needs to change.Tencent Holdings Ltd., best known for the WeChat messenger that almost everyone in the country uses, has a growing fintech business. But it’s getting overshadowed by the games and social media divisions. By spinning it off into a new company, with a move to a separate listing, management could unlock as much as $230 billion in value. That would make the entity China’s fourth-largest listed company and the world’s sixth-biggest financial services firm.Such a move could help Tencent retake some of the limelight that it’s about to share with Alibaba Group Holding Ltd. once that company lists in Hong Kong. Alibaba’s fintech unit, Ant Financial Services Group, already functions as a separate business with the e-commerce giant holding a 33% stake. At Tencent, fintech and business services accounted for 26% of revenue last quarter. The Shenzhen-based company is due to report third-quarter earnings late Wednesday.I estimate that revenue from Tencent’s fintech business grew in excess of 70% last year.(1) The vast majority of that was payments. Yet Tencent also offers other products such as wealth management and has a 30% stake in WeBank, China’s first online-only bank, which was founded five years ago. Data on its fintech profits are hard to ascertain, yet information disclosed by Alibaba shows that Ant Financial was unprofitable last year, so Tencent could be in a similar boat. That’s not necessarily a bad thing. The two rivals are startups in the classic sense, using fast revenue growth driven by marketing and incentives to gain ground fast. A major reason why both have lost money in recent years is due to low take rates, the commissions received from processing payments, because they’ve offered discounts to consumers and merchants. A turnaround could be near, Sanford C Bernstein senior analyst David Dai wrote in a recent series on China’s fintech sector. He estimates that a maturing market will ease cut-throat competition and allow both companies to take a greater share of the money that sloshes through their payments platforms.As a result, Tencent’s payment business (TenPay) alone could be worth $137 billion, compared to $127 billion for Ant’s AliPay, the Bernstein team figures. HSBC Holdings Plc uses two methodologies(2) to come up with an estimated value of around $128 billion. Throw in the other products, and Bernstein calculates a base-case valuation for Tencent’s fintech unit of $160 billion, going as high as $230 billion. This indicates that 40% to 58% of Tencent’s current market cap is locked up in this hitherto hidden division. Bernstein has a base case of $210 billion for Ant, reaching as high as $320 billion.Payments spinoffs have proven to be lucrative in the past. EBay Inc. proved it with PayPal Holdings Inc. in 2015, with the latter posting a 177% normalized return since then, outpacing the 145% rise in the S&P Data Processing sub-index which includes Visa Inc. and Mastercard Inc. PayPal also trounced both eBay (35%) and the S&P 500 (49%). Square Inc., another payments provider, has been one of the hottest stocks of the past decade, returning more than 590% since its initial public offering in 2015.A more recent example comes from India, where Walmart Inc. is reported to be spinning off payments business PhonePe from local e-commerce company Flipkart Group, which it acquired last year. That transaction could turn a $20.8 billion startup into two unicorns with a combined value of more than $30 billion. Tencent doesn’t need to rush to list this fintech unit. Appetite for mega IPOs is likely to be satiated by Alibaba’s Hong Kong listing and that of Saudi Aramco over the next few months. And there’s a long runway of big startups ready for their moment in the sun. By merely making it a separate entity, management can signal intent and allow investors to start re-rating Tencent’s stock accordingly.An offering may not even be necessary, since Tencent is already sitting on more cash than it needs. Instead, the company could distribute shares in Tencent Fintech to existing shareholders, and then directly list the stock. That’s similar to the approach advocated by activist investor Dan Loeb for a Sony Corp. split.Tencent is sitting on a bright light in this fintech unit. Time to let it shine.(Updates to include reference to third-quarter earnings schedule in third paragraph.)(1) The "others" category includes fintech, cloud, film & TV. Tencent noted that fintech is the major component and gave a figure for cloudbut not content.(2) HSBC Approach 1: valuation per user. Approach 2: Using Tencent operating margins applied to its payments business, then comparing to peers.To contact the author of this story: Tim Culpan at tculpan1@bloomberg.netTo contact the editor responsible for this story: Patrick McDowell at pmcdowell10@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Zacks
Mastercard Partners Tappy to Enable Payment Via Wearables
Mastercard (MA) partners with Tappy Technologies to provide payment services via fashion accessories.
