V - Visa Inc.

NYSE - NYSE Delayed Price. Currency in USD
182.01
-0.25 (-0.14%)
At close: 4:00PM EST

182.45 +0.44 (0.24%)
Pre-Market: 5:58AM EST

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Previous Close182.26
Open183.07
Bid182.26 x 900
Ask182.60 x 1000
Day's Range181.19 - 183.08
52 Week Range121.60 - 187.05
Volume5512737
Avg. Volume7,486,546
Market Cap404B
Beta (3Y Monthly)0.93
PE Ratio (TTM)34.23
EPS (TTM)5.32
Earnings DateJan. 28, 2020 - Feb. 3, 2020
Forward Dividend & Yield1.20 (0.66%)
Ex-Dividend Date2019-11-14
1y Target Est202.94
  • Baystreet

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  • Visa (V) Stock Sinks As Market Gains: What You Should Know
    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.

  • The Zacks Analyst Blog Highlights: Visa, AT&T, Coca-Cola, American Express and Kimberly-Clark
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    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

  • Top Research Reports for Visa, AT&T & Coca-Cola
    Zacks

    Top Research Reports for Visa, AT&T & Coca-Cola

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  • 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.

  • Mastercard and PayPal Expand Instant Money Transfer Service
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    Mastercard and PayPal Expand Instant Money Transfer Service

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  • These cities top the list of most expensive airports in the US
    Yahoo Finance

    These cities top the list of most expensive airports in the US

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  • Business Wire

    Visa Inc. to Participate in Upcoming Investor Conference

    Visa Inc. today announced its participation in the following investor conference.

  • Dow Tops 28,000: 7 Hot Stocks Behind the Rally
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    Dow Tops 28,000: 7 Hot Stocks Behind the Rally

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  • Calculating The Fair Value Of Visa Inc. (NYSE:V)
    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.

  • Visa, Mastercard draw FTC inquiry over debit card transactions - Bloomberg Law
    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.

  • Visa Introduces Team Visa Roster Ahead of the Olympic and Paralympic Games Tokyo 2020
    CNW Group

    Visa Introduces Team Visa Roster Ahead of the Olympic and Paralympic Games Tokyo 2020

    TORONTO, Nov. 13, 2019 /CNW/ - Visa (NYSE:V - News), the Worldwide Payment Technology Partner of the Olympic and Paralympic Games, today announced its most diverse roster of athletes on Team Visa Tokyo 2020. Representing 43 countries, the most in Team Visa history, the current roster is comprised of 70+ athletes across 30+ sports, including new additions to The Games: Surfing, Skateboarding and Sport Climbing.

  • Tencent Should Be Split Up
    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.

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  • 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.

  • China mobile payment giants Alipay, WeChat open to international cards
    Reuters

    China mobile payment giants Alipay, WeChat open to international cards

    China mobile payment giants Alipay and WeChat Pay said on Wednesday payments can now be made with foreign cards. China has long been dogged by allegations of protectionism, a practice that has floored attempts by foreign payment firms to access what will be the largest bank card market by 2020. Tencent, the parent company of WeChat Pay, said it was opening up in a statement on one of its official websites, while Alibaba-backed Alipay touted the change on its official media service platform.

  • Alipay, WeChat Pay Open Apps to Foreigners Visiting China
    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.