|Bid||141.11 x 800|
|Ask||141.12 x 800|
|Day's range||139.92 - 141.14|
|52-week range||93.19 - 141.14|
|PE ratio (TTM)||35.68|
|Forward dividend & yield||0.84 (0.60%)|
|1y target est||N/A|
In the first quarter, Visa Inc.’s (V) strong results were supported by the positive global economic environment. Visa saw an 11.0% YoY (year-over-year) rise in debit spending on a constant dollar basis. Supportive parameters could help these payment companies witness a boost in their payment volumes.
Visa Inc. (V) ended the fiscal second quarter with net operating revenues of $5.1 billion, which implies a 13.0% YoY (year-over-year) increase. On a constant dollar basis, the company reported a YoY rise of 11.0% in its total payment volume in the fiscal second quarter. During the same period, the company’s YoY credit growth was 10.0% on a constant dollar basis.
Microsoft sits close to record highs heading into its earnings report out Thursday evening. One technician sees more long-term upside from here.
Now that second-quarter earnings season is in swing, we've already heard from a number of big banks, although with mixed reactions. On the payments side of financials, Oppenheimer's Glenn Greene takes a look at Mastercard (MA) and Visa (V) ahead of their reports, writing that he expects their robust run to continue. Greene reiterated an Outperform rating on both stocks Tuesday, and raised his price target on Mastercard to $215 from $197, and for Visa to $154 from $143.
Jim Cramer explains why the stocks of Mastercard and Visa have strong safeguards against the brewing U.S.-China trade conflict.
Visa Inc. and Mastercard Inc. are both putting money aside for impending settlements in a long-running merchant suit, but investors will see these preparations reflected very differently in the companies’ financials.
The credit card giant has been testing cards with in-built fingerprint scanners, which are used to verify customers' identities.
A British appeals court ruled in favor of retailers including J Sainsbury Plc in a blow to credit card firms that could now face billions of pounds in damages. The fees fixed by Visa Inc. and Mastercard Inc. restrict competition and are unlawful, Judge Terence Etherton said today in London. The ruling, which also involved Wal-Mart Stores Inc.’s Asda and Wm Morrison Supermarkets Plc, resolved wildly different decisions by judges in the lower courts.
Analysts are upbeat about the card networks following AmEx rulingVisa and Mastercard are reportedly close to settling a years-old antitrust case. Visa Inc. and Mastercard Inc., which appear poised to settle a multibillion-dollar antitrust lawsuit, are sitting pretty. A Supreme Court victory for American Express Co. (AXP) earlier in the week solidified core elements of the card companies’ business models and will make it harder for merchants to challenge the networks going forward.
It isn’t clear how the payment would be split up among the card networks and the issuing banks. The parties on Tuesday informed the U.S. District Court for the Eastern District of New York that they reached a settlement, the people said. The case has been a highly contentious one for merchants and has raised questions about the longevity of the credit-card fee model.
Under the settlement, Visa, Mastercard and a number of banks that issue debit and credit cards, including JPMorgan Chase & Co (JPM.N), Citigroup Inc (C.N) and Bank of America Corp (BAC.N), would pay the merchants around $6.5 billion, the report said. MasterCard said in a regulatory filing it would boost its reserve by about $210 million in the second quarter to account for claims related to a lawsuit with merchants.
Under the settlement, Visa, Mastercard and a number of banks that issue debit and credit cards including JPMorgan Chase & Co, Citigroup Inc and Bank of America Corp would pay the merchants around $6.5 billion, the report said https://on.wsj.com/2Kx4Wby, citing some of the people. Visa and Mastercard were not immediately available for comment.
Visa Inc. and Mastercard Inc. are getting close to settling a 13-year-old lawsuit over fees charged when merchants accept card payments, according to a person familiar with the agreement. The two card companies and banks including JPMorgan Chase & Co., Citigroup Inc. and Bank of America Corp. would pay merchants about $6.5 billion under the terms of the settlement, the person said, asking not to be identified because the deal hasn’t been made public. The lawsuit, brought on behalf of 12 million merchants nationwide, was filed more than a decade ago.
Shares of Visa Inc. are up 1.8% in Tuesday trading after Morgan Stanley's James Faucette issued a pair of upbeat notes about the company's prospects. "We believe the company is well-positioned to benefit from solid consumer spending trends and increased traction of its new initiatives (Visa Direct, B2B, Contactless)," Faucette wrote. As for the company's efforts in India, he is optimistic about the company's recent decision to cut debit-card fees there, which he believes will make Visa products more competitive with the local debit player in India.