V - Visa Inc.
182.69 -0.08 (-0.04%)
After hours: 6:55PM EST
| Previous close | 179.66 |
| Open | 180.39 |
| Bid | 182.20 x 900 |
| Ask | 182.58 x 800 |
| Day's range | 180.20 - 182.98 |
| 52-week range | 121.60 - 187.05 |
| Volume | 7,907,174 |
| Avg. volume | 7,145,281 |
| Market cap | 406.334B |
| Beta (3Y monthly) | 0.94 |
| PE ratio (TTM) | 34.37 |
| EPS (TTM) | 5.32 |
| Earnings date | 28 Jan 2020 - 3 Feb 2020 |
| Forward dividend & yield | 1.20 (0.67%) |
| Ex-dividend date | 2019-11-14 |
| 1y target est | 202.43 |
- Yahoo Finance
Stock market news: November 19, 2019
U.S. stocks touched fresh record highs before pulling back Tuesday.
- 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.
- Business Wire
Visa Announces Plans for New State-of-the-Art San Francisco Headquarters
Visa Inc. (NYSE:V) today announced its plans to lease a new, 300,000 square foot, 13-story building in the vibrant Mission Rock neighborhood of San Francisco, which will serve as Visa’s new global headquarters once completed. Additionally, as part of Visa’s overall Bay Area real estate expansion plan, Visa will completely redesign its Foster City campus into a state-of-the-art facility to create a collaborative and inspiring environment for our Product and Technology teams.
- Reuters
China mobile payment giants Alipay, WeChat open to international cards
China mobile payment giants Alipay and WeChat Pay have started allowing overseas users to link their accounts to international bank cards, in a move cheered by foreign payment firms like Visa and Mastercard. Tencent, the parent company of WeChat Pay, said on Wednesday it was opening up in a statement on one of its official websites, while Alibaba-backed Alipay announced the change on its official media service platform.
- Bloomberg
Alipay, WeChat Pay Open Apps to Foreigners Visiting China
(Bloomberg) -- Chinese payments giants Alipay and WeChat Pay, long a source of worry among competitors abroad, plan to open up their platforms to foreigners visiting the mainland as regulators ease restrictions.The apps, which dominate payments across the world’s second-largest economy and have even supplanted cash at some businesses, announced the plans in rapid succession after previously requiring users to have local accounts. Opening up to visitors may give an incremental boost to spending on the platforms -- but for overseas firms, it has big implications, potentially helping pave the way for future adoption abroad.“Although there will be some revenue coming from the foreigners using the card, the more interesting aspect is how seamless the cross-border Alipay and WeChat Pay experience is becoming,” said Zennon Kapron, founder and director of research consultant Kapronasia.Behind the scenes, China’s central bank recently told a number of payments firms they will soon be allowed to plug foreign cards into their apps for use in China, according to two people with knowledge of the situation. Previously, regulatory concerns about money laundering and cross-border cash flows had prevented that from happening. The central bank offered no immediate comment to an inquiry sent by fax.The move will provide relief to some of the more-than 30 million people who visit China annually and sometimes struggle to find alternate payment methods. Alipay and Tencent account for 94% of the country’s mobile-payment market.Already, Alipay and WeChat Pay’s logos are visible in stores and taxis in major cities around the world as the firms focus on helping Chinese travelers there. The expectation across the industry is that the apps will someday use that infrastructure to attract locals in those destinations.To be sure, the ability to work with credit cards is still pending. In its announcement, Ant Financial’s Alipay laid out a system that will work around current restrictions and can start immediately.Alipay said it’s letting travelers use a prepaid card service provided by the Bank of Shanghai. That means customers will have to periodically top off that account, which will be limited in amount.In contrast, Tencent Holdings Ltd.’s WeChat Pay intends to let people more directly connect their existing cards to its app. Visa described that plan in a statement of support early Wednesday in China, saying it will essentially enable its cards to work across China.“This is a great step forward, both for consumers traveling to China and the overall payments industry,” Visa said. “This partnership means that we’ll be working towards an environment where Visa cardholders will be able to use their Visa card in China at the millions of places where WeChat Pay is accepted, instead of having to rely on cash.”The companies didn’t provide a time frame.Tencent, acknowledging that it’s working under guidelines from regulators, said it has been discussing cooperation with U.S. card-network operators Visa, Mastercard, American Express and Discover as well as Japan’s JCB to support the linking of overseas credit cards to Wechat Pay.(Updates with researcher’s comment, regulatory guidance, statistics on market from third paragraph.)To contact Bloomberg News staff for this story: Lucille Liu in Beijing at xliu621@bloomberg.net;Heng Xie in Beijing at hxie34@bloomberg.net;Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.netTo contact the editors responsible for this story: Jun Luo at jluo6@bloomberg.net, David ScheerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Business Wire
New York Police Commissioner James P. O’Neill to Join Visa as Senior Vice President, Head of Global Security
Visa Inc. (NYSE:V) today announced that New York City Police Commissioner James “Jimmy” P. O’Neill will join Visa, upon his retirement from the police force, as Senior Vice President and Global Head of Physical Security. Mr. O’Neill will be responsible for the development, implementation and day-to-day operations of Visa’s global physical and personnel security and associated programs to ensure that the company’s employees and assets are protected in the 200+ countries in which Visa operates.
- Business Wire
Visa Statement on Tencent’s Intent to Support International Card Schemes into Mobile Wallet
“Visa believes this is a great step forward, both for consumers travelling to China and the overall payments industry. In a truly global commerce environment, collaboration is essential to provide consumers with a seamless payments experience. Visa is excited to work with Tencent, one of China’s leading fintech companies, on a secure, convenient and interoperable mobile payment experience that will benefit the large number of international travelers visiting China.
- Zacks
The Zacks Analyst Blog Highlights: Visa, AT&T, Coca-Cola, salesforce.com and Lowe's
The Zacks Analyst Blog Highlights: Visa, AT&T, Coca-Cola, salesforce.com and Lowe's
- Zacks
Time to Buy Facebook (FB) Stock After Earnings Despite Political Worries?
Facebook (FB) shares have jumped 11% in the past month and the social company recently topped quarterly estimates amid ongoing political scrutiny. The question is should investors buy Facebook stock right now?
- Zacks
Top Research Reports for Visa, AT&T & Coca-Cola
Top Research Reports for Visa, AT&T; & Coca-Cola
- Bloomberg
U.S. Hiring Resilient With 128,000 Gain, Validating Fed Pause
(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes.U.S. hiring was unexpectedly resilient in October and prior months saw sharp upward revisions, validating the Federal Reserve’s signal of a pause from interest-rate cuts and indicating consumers will extend the record-long expansion despite weak business investment and trade tensions.Stocks rose to fresh records and Treasuries fell after the strong report.Payrolls increased 128,000 after an upwardly revised 180,000 advance the prior month, according to a Labor Department report Friday that exceeded the median 85,000 estimate in Bloomberg’s survey. That includes a General Motors Co. strike-driven 41,600 decline in automaker payrolls and 20,000 temporary census workers leaving their jobs.The jobless rate edged up to 3.6% from a half-century low, as black unemployment fell to a new record low of 5.4% Average hourly earnings climbed 3% from a year earlier, matching projections after an upward revision the prior month, though the 0.2% monthly gain was slightly below estimates.Click here for Bloomberg’s TOPLive blog on the jobs report.The report supports Fed Chairman Jerome Powell’s assessment this week that the U.S. economic outlook remains solid and the job market “strong” -- allowing the central bank to take a breather after a third straight interest-rate cut -- despite a persistent trade war with China and an increasingly dim global situation. With businesses pulling back on fixed investment, solid gains in hiring and wages will help drive growth and support President Donald Trump’s bid for re-election in 2020.“Overall the labor market is holding up very, very nicely,” Michael Brown, principal U.S. economist at Visa USA Inc., said by phone. “There’s no signs here the consumer is losing any momentum.”Fed policy makers are “probably on hold for a while,” Brown said. “Today’s report certainly supports the Fed view that they have provided accommodation and they’ll take a little victory lap.”Revisions added 95,000 jobs for the prior two months, bringing the three-month average to 176,000, though gains remain below 2018 levels.Minutes after the report, Trump tweeted that it was a “blowout” number and even more impressive when accounting for revisions and the GM strike. The president touted an “adjusted” employment gain of 303,000, which economic adviser Larry Kudlow said adds back in 60,000 jobs related to the strike on top of the revisions and census jobs.What Our Economists Say“The labor data continue to corroborate a moderation in the pace of economic activity in the latter half of the year, but the resilience in the pace of hiring signals that growth is cooling, not collapsing.”-- Carl Riccadonna, Yelena Shulyatyeva and Eliza WingerClick here for the full reaction note.A note of caution came separately Friday in the Institute for Supply Management’s factory purchasing managers index. That gauge trailed estimates for October and signaled the sector contracted for a third straight month, with the weakest production level since the last recession.The jobs data come on the heels of reports this week including third-quarter gross domestic product. The economy grew at a 1.9% annualized pace as consumer spending grew 2.9% -- a step down from gangbusters growth in the prior period but exceeding last year’s average. Stocks also hit a record high, even as the figures showed business investment fell for a second straight period and the most since 2015.“This was certainly a very solid labor market report,” Fed Vice Chairman Richard Clarida said in a Bloomberg Television interview. “We have ongoing growth in the economy, we have inflation near our objective so the economy is in a very good place.”Manufacturers subtracted 36,000 jobs, the biggest drop since 2009, though it would likely have been a gain without the effects of the strike. Still, even excluding the impact of the walkout, the sector has become increasingly fragile amid slowing global growth, a strong dollar and an ongoing trade war with China.The strike may also have hit wages in October. Average hourly earnings rose 0.2% from the prior month, below estimates, following little change the prior month. Annual wage gains have cooled since hitting a peak of 3.4% early in the year. Hours worked were unchanged at 34.4 per week.The job gains were led by leisure and hospitality, education and health services and professional and business services. Construction and finance also posted gains. Even retail jobs rose, registering back-to-back gains for the first time in more than a year following seven straight declines.The participation rate, or share of working-age people in the labor force, increased to 63.3%, the highest since 2013, as more Americans were pulled from the sidelines and into the workforce.The U-6, or underemployment rate, ticked up to 7% from the lowest since 2000; some analysts see this figure as a more accurate reflection of the true labor market as it includes part-time workers who’d prefer a full-time position and those who aren’t actively looking.(Updates with Fed vice chairman’s comment, ISM index, Kudlow comment.)\--With assistance from Jordan Yadoo, Sophie Caronello, Katia Dmitrieva and William Edwards.To contact the reporter on this story: Reade Pickert in Washington at epickert@bloomberg.netTo contact the editors responsible for this story: Scott Lanman at slanman@bloomberg.net, Vince GolleFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Global Payments (GPN) Beats on Q3 Earnings, Ups 2019 View
Global Payments (GPN) Q3 results reflect increase in revenues on growth across all segments, partly offset by rise in expenses.
- Business Wire
Visa Expands Transit Partner Program to Accelerate Delivery of Improved Rider Journeys Around the World
Visa Inc. (NYSE:V) today announced that 100 partners have enrolled in its global transit partner program, Visa Ready for Transit, giving transit agencies access to an expanded network of technology solutions and expertise to make it easier to get around. Transit agencies everywhere are recognizing the benefits of enabling contactless payments at turnstiles and on buses. Tapping to ride with a contactless card or digital wallet helps riders save valuable time by avoiding the need to pre-purchase a ticket, manage a standalone transit card, or stand in line to reload their fare card.
- Zacks
Mastercard (MA) Q3 Earnings & Revenues Beat on Volume Growth
Mastercard's (MA) results reflect higher switched transactions, increase in cross-border volume and gross dollar volume.
- Yahoo Finance
Visa study: Web retailers are looking across borders for growth
The vast majority of big and small web retail companies are increasingly looking abroad for growth opportunities, data from Visa shows.
