Visa Inc.

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  • Thu, Jan. 28, 4:19 PM
    • Visa (NYSE:V): FQ1 EPS of $0.69 beats by $0.01.
    • Revenue of $3.57B (+5.6% Y/Y) misses by $50M.
    • Shares +2.71%.
    • Press Release
    | Thu, Jan. 28, 4:19 PM | 20 Comments
  • Wed, Jan. 27, 5:35 PM
  • Tue, Jan. 19, 8:15 AM
    • Sam's Club (NYSE:WMT) announces it will begin accepting Visa (NYSE:V) credit cards on February 1.
    • The company currently only accepts Visa debit and prepaid cards.
    • Sam's Club is the 8th largest retailer in the U.S. by sales.
    | Tue, Jan. 19, 8:15 AM | 17 Comments
  • Tue, Jan. 12, 2:22 PM
    • Visa (V +0.4%) says major retailers Starbucks and Walgreens now accept payments through Visa Checkout.
    • The total number of merchants using Visa Checkout is over 250K.
    • Visa Checkout was launched about 18 months ago.
    | Tue, Jan. 12, 2:22 PM | 7 Comments
  • Mon, Jan. 4, 2:44 AM
    • Fidelity Investments is dropping long-time credit card partners American Express (NYSE:AXP) and Bank of America (NYSE:BAC), ending a 12-year partnership that had generated billions of dollars in fees.
    • The switch is another setback for American Express, which is already reeling from its lost deal with Costco.
    • Fidelity, which has 24M customers, said its new partners will be Visa (NYSE:V) and U.S. Bancorp (NYSE:USB).
    • AXP -26% vs. V +16% in 2015.
    | Mon, Jan. 4, 2:44 AM | 28 Comments
  • Fri, Jan. 1, 4:53 AM
    | Fri, Jan. 1, 4:53 AM | 27 Comments
  • Dec. 21, 2015, 5:18 AM
    • Sepp Blatter and Michel Platini, two of the most powerful men in world soccer, have been handed eight-year bans from the game, making them the highest-profile casualties of sprawling investigations into corruption and ethical wrongdoing at FIFA.
    • The move is likely to be welcomed by top sponsors Coke (NYSE:KO), Visa (NYSE:V), McDonald's (NYSE:MCD), Adidas (OTCQX:ADDYY), Emirates and Hyundai (OTC:HYMLF), which have all called for more transparency and credible reforms at soccer's governing body.
    • FIFA will hold a special election to choose Blatter's successor on Feb. 26.
    | Dec. 21, 2015, 5:18 AM | 9 Comments
  • Dec. 9, 2015, 3:26 PM
    • Visa (V -1.3%) intends to sell $16B in bonds in order to line up funds for the acquisition of Visa Europe.
    • The corporate bond issuance will be the fourth largest of the year.
    | Dec. 9, 2015, 3:26 PM | 16 Comments
  • Dec. 2, 2015, 3:55 AM
    • Top FIFA sponsors have published an open letter urging global soccer's governing body to enact credible reforms, days before a key meeting to finalize proposed changes to the organization.
    • The companies - AB InBev (NYSE:BUD), Adidas (OTCQX:ADDYY), Coca-Cola (NYSE:KO) McDonald's (NYSE:MCD) and Visa (NYSE:V) - which typically pay about $100M per four-year World Cup cycle, called for greater transparency, accountability, respect for human rights, integrity, leadership and gender equality following the global corruption scandal that surfaced in May.
    | Dec. 2, 2015, 3:55 AM | 3 Comments
  • Nov. 30, 2015, 3:42 AM
    • Swatch (OTCPK:SWGAY) is launching a project that lets Visa (NYSE:V) cardholders in the U.S., Switzerland and Brazil make payments with its new "pay-by-the-wrist" Bellamy watch.
    • The transactions will require absolutely no energy from the watch itself, a serious advantage to poor battery life rivals.
    • Swatch Bellamy is set to hit the market in early 2016 and will be able to be used wherever contactless NFC Visa payments are accepted.
    • Previously: Swatch and Visa to partner on smartwatch (Nov. 25 2015)
    | Nov. 30, 2015, 3:42 AM
  • Nov. 25, 2015, 10:41 AM
    • Reports over the coming holiday weekend on Black Friday traffic and estimates arriving early next week on store sales should be largely ignored, observes
    • The correlation of total holiday season revenue to the length of lines at stores during Black Friday and the weekend sales tallies in years past has been nearly non-existent. This is due in part to the paradox that a strapped U.S. consumer is more likely to shop on Black Friday than wait until deeper in the season and vice versa.
    • Holiday season bellwhethers to trust include any data dumps or notes from management at Amazon (NASDAQ:AMZN), FedEx (NYSE:FDX), UPS (NYSE:UPS), Visa (NYSE:V) or MasterCard (NYSE:MA).
    | Nov. 25, 2015, 10:41 AM | 10 Comments
  • Nov. 25, 2015, 10:22 AM
    • Swatch (OTCPK:SWGAY) and Visa (NYSE:V) plan to partner on a new smartwatch device to be sold in the U.S. and Europe, according to Swiss media reports.
    • The smartwatch will allow owners to make payments through the Visa technology.
    • A formal announcement from the companies is expected within a few days.
    | Nov. 25, 2015, 10:22 AM | 9 Comments
  • Nov. 20, 2015, 1:52 PM
    • Visa (V +0.1%) and MasterCard (MA +0.6%) are two of the targets of a class action lawsuit filed on behalf of fantasy sports consumers in the U.S.
    • The sweeping lawsuit alleges the two payments companies, American Express, and a long list of banks owe funds back to players since they were all aware of the "illegal" operations of DraftKings and FanDuel.
    • Attorneys in the action are leaning on racketeering law to make their claim for damages.
    | Nov. 20, 2015, 1:52 PM | 37 Comments
  • Nov. 4, 2015, 3:30 PM
    • "To manage our exposure to Visa (NYSE:V) and realize the value of the appreciated Visa shares, we incrementally sold these shares through a series of sales over the past few years,” says Wells Fargo (NYSE:WFC) disclosing the sale of its 20.7M share stake in received as part of Visa's IPO.
    • Roughly 1.8K financial institutions were apportioned Class B shares after the Visa IPO - they don't trade publicly, but instead only between the holders of the Class B stock. All told, U.S. financials own more than $30B in Visa stock, or about 17% of the company.
    • Wells' stake could have been worth about $2.7B. The sale would make the bank just the latest to tap into the Visa "piggy bank" - PNC Financial and U.S. Bancorp have recently raised hundreds of millions with their Visa share sales.
    • Source: WSJ
    | Nov. 4, 2015, 3:30 PM | 12 Comments
  • Nov. 2, 2015, 3:36 PM
    • The payoff for Visa (V -3%) in its gigantic acquisition of Visa Europe could be in the ability of the company to push up the operating margin.
    • Over the last year, Visa recorded an operating margin of 65%, compared to the 26% margin seen at Visa Europe. The issue was addressed on a lengthy conference call earlier today.
    • "We feel good that by the time we're done with the integration, Visa Europe margins should be in the Visa Inc. range," noted Visa management
    • The company's ability to upgrade technology and processing systems at the European business were cited as ways Visa could bring those margin rates closer together.
    • Shares of Visa are lower today with the deal price for Visa Europe higher than some expected.
    • Visa earnings call transcript
    • Previously: Visa lands Visa Europe in highly-anticipated deal (Nov. 02 2015)
    • Previously: Visa levers up to reach untapped European payments base (Nov. 02 2015)
    | Nov. 2, 2015, 3:36 PM | 15 Comments
  • Nov. 2, 2015, 8:28 AM
    • Visa (NYSE:V) says the acquisition of Visa Europe will add 1.5T annual payments and 500M European-based Visa cards into the company's hopper.
    • The company also points out the enormous upside sitting in Europe where 37% of transactions are still completed by cash or check. Visa plans to push new mobile payment platforms with the acquired European business.
    • Visa will issue senior debt of up to $16B to help finance the acquisition which will give it an initial debt leverage rate of 1.4-1.5X EBITDA. Over the long term, the leverage rate is expected to fall in a range of 1.1 to 1.5X EBITDA.
    • Investors are cautious over the deal in early trading with shares down 1.78% to $76.20. FQ4 earnings are also in the mix.
    • Previously: Visa misses by $0.01, revenue in-line (Nov. 02 2015)
    • Previously: Visa lands Visa Europe in highly-anticipated deal (Nov. 02 2015)
    | Nov. 2, 2015, 8:28 AM | 16 Comments
Company Description
Visa Inc is a payments technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. The Company operates a processing networks - VisaNet.
Sector: Services
Country: United States