Visa (NYSE:V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement.
Visa (V) is in advanced talks with Featurespace for a takeover of the British fraud detection company, Sky News reported Saturday, citing sources. A deal may value Featurespace at as much as 700 million pounds ($923.1 million), one source said, according to the report. No formal agreement has been concluded, and the negotiations may fall apart, the report said.
Visa in Talks to Acquire Featurespace Read Post »
BofA sees a potentially more volatile regulatory landscape as well as limited valuation upside Shares of Visa Inc. and Mastercard Inc. mostly draw buy ratings from Wall Street analysts. But BofA Global Research’s Jason Kupferberg broke from the pack on Wednesday as he downgraded both payment-technology stocks to neutral. He noted an “arguably … more volatile and unpredictable” regulatory landscape in the wake of a judge’s “unexpected” decision to reject the companies’ landmark deal in a long-running merchant suit. “Historically, we (and the investment community in general, based on investors with whom we’ve spoken) have largely treated [Visa and Mastercard] regulatory developments as no more than modest headline risk,” he wrote. But Visa and Mastercard now must contend with dynamics such as revising or going to trial over the merchant agreement and fending off the proposed Credit Card Competition Act with this new, unpredictable backdrop. Additionally, regulatory developments could make
Visa and Mastercard Shares Draw Downgrades as BofA Analyst Breaks From the Pack Read Post »
Visa (V) and Mastercard (MA) could face elevated regulatory activity that could limit multiple expansion, BofA Securities said in a Wednesday note as it downgraded the credit-card companies to neutral from buy. “Historically, we have largely treated [Visa and Mastercard] regulatory developments as no more than modest headline risk,” the firm said. “However, as the recent unexpected rejection of the proposed merchant litigation settlement illustrates, the regulatory environment has arguably become more volatile and unpredictable.” BofA said that some of the regulatory items to monitor include next steps in merchant litigation, the proposed Credit Card Competition Act and the Fed’s final decision on lower regulated debit interchange rates. The firm added that the two companies remain relatively “crowded” longs for long-only and hedge-fund investors. BofA said it continues to have a favorable view on the companies’ “premier business model and competitive moat.” Shares of Visa were down 1.5% and shares
Visa, Mastercard Could Face Elevated Regulatory Activity, BofA Says Read Post »
Visa (V) and Mastercard (MA) voluntarily agreed to extend maximum swipe fees on non-EU credit and debit card transactions in Europe until 2029, the European Union’s main antitrust regulator said Friday. Visa and Mastercard opted to continue to maintain a 0.2% fee cap on non-EU debit card payments and 0.3% on credit card payments within the 27-member states of the European Union, the European Commission said. For online or telephone transactions, the caps will remain at 1.15% for debit cards and 1.5% for credit cards, the European Commission
Visa, Mastercard Extend Non-EU Swipe Fee Caps Until 2029 Read Post »
Visa Inc. (NYSE:V) Baird 2024 Global Consumer, Technology & Services Conference June 5, 2024 9:40 AM ET Company Participants David Koning – Robert W. Baird Conference Call Participants Lisa Ellis – Global Head of Strategy David Koning Good morning, everyone. We’re live, and yes, welcome to our day here. So, thanks so much for joining. My name is David Koning. I’m a senior research analyst at Baird. I cover Payments and BPO. And very pleased to have Lisa with us, I think everybody’s very familiar with Lisa. We all swipe a lot, get a lot of rewards points. So, it’s been a great company for many, many years. Thrilled to have Lisa Ellis, their Global Head of Strategy with us. So, Lisa used to be a competitor of mine. She asked a ton of great strategic calls, or asked a ton of great strategic questions on the conference calls, so
Visa Inc. (V) Baird 2024 Global Consumer, Technology & Services Conference (Transcript) Read Post »
Visa Inc. (NYSE:V) BofA Securities 2024 Global Technology Conference Call June 4, 2024 6:20 PM ET Company Participants Chris Suh – Chief Financial Officer Conference Call Participants Jason Kupferberg – Bank of America Jason Kupferberg I’m Jason Kupferberg, the payments, processors and IT services analyst here at Bank of America. And we’re super excited to have Chris Suh here from Visa, CFO. He’s been here almost a year. It’s your first time at the conference. Thank you for doing it. I hope you come back next year. Question-and-Answer Session Q – Jason Kupferberg We’re going to jump right in and talk about a variety of issues and questions at Visa. And of course, I have to kind of start big picture, current trends in the business, what are you seeing? It’s been an interesting year, right, because the year-over-year compares have been all over the place. You had bad weather
Visa Inc. (V) BofA Securities 2024 Global Technology Conference Read Post »
The following is a summary of the Visa Inc. (V) Q2 2024 Earnings Call Transcript: Financial Performance: Visa reported a strong Q2 with net revenue of $8.8 billion, indicating a 10% increase. Both GAAP and non-GAAP EPS recorded growth of 12% and 20% respectively. Payments volume showed an increase of 8% YoY in constant dollars, with U.S payments and international payments growing by 6% and 11%. Cross-border volume growth was recorded as 16% YoY excluding Intra-Europe transactions. The company adjusted its outlook for payment volume growth to high single digits from low double digits. Visa anticipates a continued robust growth in mid-teens for total cross-border volume excluding Intra-Europe. Q3 projections include low double-digit net revenue growth similar to Q2 and low teen growth for adjusted operating expenses. Business Progress: Visa expanded, adding over 100 million credentials YoY, and 20 million of those in Europe were converted from domestic networks to
Visa (V) Q2 2024 Earnings Conference Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our 12-month target price of $345, up $20, values shares at 29.8x our FY 25 (Sep.) EPS, discounted to V’s 5-year historical average of 31.9x, given the higher rate environment and moderately slower growth expectations. We increase our FY 24 EPS estimate to $10.17 from $10.13 and FY 25’s to $11.56 from $11.49. Visa reported Mar-Q results, with net revenues of $8.78B (+10% Y/Y) and adj-EPS of $2.51, surpassing consensus estimates of $8.62B and adj-EPS of $2.43. As we expected, payment volume (+8% Y/Y) picked up from January’s bad weather scare, with international growth (+11%) once again outpacing the U.S. (+6%). Looking forward, we continue to see opportunity for international outperformance as Asia Pacific (+3% in the quarter) turns from a relative headwind to a tailwind. Cross-border
CFRA Reiterates Buy Opinion On Shares Of Visa Inc. Read Post »
Visa said revenue climbed in the second quarter amid an increase in payments volume and stable consumer spending levels. The credit-card company on Tuesday posted a net profit of $4.66 billion, or $2.29 a share, in the three months ended March 31, with $4.26 billion, or $2.03 a share, for the same period a year earlier. Stripping out one-time items, earnings per share came in at $2.51. Analysts surveyed by FactSet had forecast adjusted earnings per share of $2.44. Revenue increased 9.9% to $8.78 billion, beating analysts’ expectations of $8.62 billion according to FactSet. Visa said payments volume rose 8% and its processed transactions climbed 11% in the period.
Visa 2Q Revenue Climbs as Payments Volume Grows Read Post »
Visa Expects Q3 Net Revenue Growth In Low Double-Digits, EPS Growth In High End Of Low Double-Digit.
Visa (V) reported fiscal Q2 non-GAAP earnings late Tuesday of $2.51 per diluted share, up from $2.09 a year earlier. Analysts polled by Capital IQ expected $2.43. Net revenue for the quarter ended March 31 was $8.78 billion, up from $7.99 billion a year earlier. Analysts surveyed by Capital IQ expected $8.62 billion. The company’s board declared a quarterly dividend of $0.52, payable on June 3 to holders of record on May 17. Visa shares rose nearly 3% in after-hours trading.
Visa Fiscal Q2 Non-GAAP EPS, Net Revenue Increase; Declares Dividend Read Post »
Visa (V) and Mastercard (MA) are expected to continue benefiting from a positive outlook on international travel, with international departures from the US climbing above pre-pandemic levels, analysts at Morgan Stanley wrote in a note Monday. Citing data from the US International Trade Administration and Department of Homeland Security as well as anecdotal information from airlines, Morgan Stanley analysts said international travel likely will stay healthy through 2024 while supporting “higher-yielding cross-border volume growth at Visa and Mastercard.” Total card spending, as recently reported by the larger banks, similarly continued to edge higher during the first three months of 2024 compared with the prior quarter, they said. The analysts also expect the credit card companies to drive increased revenue over time through a variety of value-added services for merchants and financial institutions, including new customer identification, cybersecurity and open banking applications. Overall, Visa and Mastercard should produce “consistent” double-digit growth
Visa, Mastercard Benefiting From Strong International Travel Trends, Morgan Stanley Says Read Post »