Thu, Dec. 1, 2:09 PM
- Visa (V -2.2%) announces that it acquired e-commerce player CardinalCommerce for an undisclosed amount.
- The transation is expected to close in Visa's FQ2.
- The company says the deal will help it enable more secure payments and accelerate digital commerce.
- CardinalCommerce will become a wholly-owned subsidiary of Visa.
- Source: Press Release
Tue, Nov. 22, 2:46 PM
- Visa (NYSE:V) is being oversold on concerns over its new U.S. debit routing policies, advises Jefferies.
- The investment firm thinks only a very low single-digit hit to EPS is likely, which doesn't square with today's 2.67% drop in share price.
- Visa issued a statement earlier today on its new debit network routing rules.
- Source: Bloomberg
Fri, Nov. 18, 8:28 AM
- Bernstein calls Mastercard (NYSE:MA) its top pick in the payments sector on an expectation for "clean" earnings in 2017.
- Visa (NYSE:V) is a called a close second, although the investment firm warns on some muddied reporting waters due to the integration of Visa Europe..
- Automatic Data Processing (NASDAQ:ADP) and Coginzant Technology Solutions Corporation (NASDAQ:CTSH) rank third and fourth in the Bernstein payments sector ranking. Paychex (NASDAQ:PAYX) is at the bottom of the list.
- Source: Bloomberg
Wed, Nov. 16, 2:36 PM
- Payment stocks have underperformed since the election as investors have rotated into "core financials," observes Jefferies analyst Jason Kupferberg. He thinks the development could present a buying opportunity for investors,
- "If Trump's general plans for de-regulating the financial services industry ends up including a repeal of the Durbin Amendment and a less-powerful CFPB, this should generally be a tailwind for the Payments industry, though impacts to PYPL/SQ/merchant acquirers may be less clear," notes Kupferberg.
- "In addition, to the extent policies of the Trump Administration fuel domestic economic growth (ie, possible tax cuts), that should be positive for US consumer payment volumes, though exposure to emerging markets and a stronger USD could be viewed as incremental headwinds," he adds.
- PayPal (PYPL) trades at $38.97 vs. a 52-week range of $30.52 to $44.52 (there's been some M&A rumors in the mix this week muddying the waters).
- Visa (V +2%) is at $79.96 vs. a 52-week trading range of $66.12 to $83.96.
- MasterCard (MA +1%) is at $103.45 vs. a 52-week trading range of $78.52 to $108.93.
Tue, Nov. 15, 12:05 PM
- Gaining on triple or more their normal volume:
- Advance Auto (AAP +15.5%)
- BBVA (BBVA +1.1%)
- Eni (E +1.9%)
- Global Payments (GPN +2.9%)
- JD.com (JD +13.3%)
- Visa (V +1.3%)
Sat, Nov. 12, 4:43 PM
- Barron's speaks with several prominent money managers.
- They are hopeful that Donald Trump will enact pro-growth tax and fiscal-stimulus policies, while avoiding overly protectionist measures.
- Even though biotech stocks have already rallied 10%, fund manager Arun Daniel believes that the benefits of a Trump administration on the bottom lines of biotech and drug companies are not yet fully priced in. ETFs: IBB, XBI, BIB, BBH, FBT, HQL, PBE, BIS, LABU, BBC, BBP, CNCR, LABD, UBIO, ARKG, ZBIO, LABS
- He's also bullish on stocks leveraged to government-backed infrastructure spending, his favorites being Jacobs Engineering (NYSE:JEC) and Martin Marietta Materials (NYSE:MLM).
- Some companies will likely be allowed to repatriate billions of dollars of profits at a low tax rate. Major beneficiaries could include Nike (NYSE:NKE), Procter & Gamble (NYSE:PG), Caterpillar (NYSE:CAT), Visa (NYSE:V) and Mastercard (NYSE:MA).
- Neuberger Berman's Joseph Amato says that a Trump administration will be better for stocks than bonds. "If [Trump] takes a measured approach and gets some level of concessions for U.S. workers, the trade concerns may be much ado about nothing," Amato says. "But that's a big if."
Mon, Oct. 24, 4:31 PM
- Visa (NYSE:V) reports volume growth of 10% to $1.3T in FQ4.
- Cross-border volume was 149% Y/Y during the quarter, inclusive of the new contribution of Visa Europe.
- Total processed transactions were up 41% to 25.9B.
- Services revenue was up 8% to $1.8B.
- Visa's effective tax rate was 23.1% for the quarter.
- Looking ahead, Visa sees adjusted revenue growth of 16% to 18% for the fiscal year and an annual operating margin in the mid 60s.
- V -0.79% AH to $82.51.
Mon, Oct. 24, 4:06 PM
Mon, Oct. 24, 1:51 PM
- Android Pay (GOOG, GOOGL) functionality on hundreds of thousands of sites accepting Visa Checkout (V +1.2%) and Masterpass (MA +0.5%) to come.
- Integrations to begin rolling out in early 2017.
- Competition in the digital payments arena is sharp, with offerings from Apple, Samsung, PayPal and others all focused on simplifying the process of transacting payments. Google, with its newly-launched Pixel, and Apple, however, are in unique positions to blend their respective payments operations throughout software and hardware at a time when the spotlight on ecosystems is particularly bright.
- Related (October 4): Apple Pay now available in Russia
- Blog post
Sun, Oct. 23, 5:35 PM
Tue, Oct. 18, 4:42 PM
Tue, Oct. 18, 8:06 AM| Tue, Oct. 18, 8:06 AM | 3 Comments
Mon, Oct. 17, 4:14 PM
- Charlie Scharf is resigning as CEO of Visa (NYSE:V), effective Dec. 1. He told the board he can no longer spend enough time in San Francisco to do his job effectively.
- He's to be replaced by Alfred Kelly, a current board member of Visa, and CEO of Intersection Co. He's also the former president of AmEx.
- A conference call is set for 5 ET.
- Shares -1.4% after hours
Thu, Oct. 13, 2:40 PM
- "Credit card rewards continue to spiral skywards," says Evercore ISI's David Togut, putting American Express (AXP -0.5%) in the tough spot of either matching MasterCard (MA -0.6%) and Visa (V -0.4%) and seeing returns decline, or standing its ground and losing business.
- Chase's Sapphire Reserve card and Citi's Prestige card currently offer better rewards than AmEx's Platinum card, notes Togut. If AmEx wants to match, it will have to be more aggressive in cutting costs if it doesn't want to slash earnings guidance.
- AmEx may be trading at just 11x earnings vs. its historical 14x, but Togut suggests it's a value trap. He's staying on the sidelines.
Tue, Sep. 27, 9:25 AM
- New suite of products resulting from collaboration introduced as Visa Advertising Solutions. Oracle Data Cloud's digital advertising and cross-device connection data will merge with Visa Advertising Solutions' aggregated purchase data in an effort to provide businesses insight into consumer response to mobile, display, video and social channel campaigns.
- Target segment recommendations and offers based on previous purchase actions, demographics, interests and other data also highlighted.
- Visa (NYSE:V): "Successful marketing efforts depend on rich data to measure the results and effectiveness of each channel. Combined, Visa and Oracle have unique and powerful assets to help merchants connect the dots between advertising spend and business results – the holy grail of any marketing program."
- Oracle (NASDAQ:ORCL): "Working together, we can combine Visa Advertising Solutions’ unmatched purchase data and merchant relationships with the Oracle Data Cloud’s data assets and expertise in building and measuring purchase-based audiences. This allows everyone from restaurants to retailers to improve the effectiveness of their advertising by establishing a direct link between digital ads and actual sales, whether these occurred online or in traditional brick and mortar locations."
- The initiative was piloted in 2015 to measure online and offline ROI for select merchants' ads served on Twitter.
Thu, Sep. 15, 7:39 AM
- Wal-Mart Canada increases the pressure on Visa (NYSE:V) by extending its usage ban to all 16 stores in the province of Manitoba.
- The company is in a major spat with Visa on its fee arrangement with the payments processor. There are already 3 Wal-Mart Canada stores in Ontario where Visa isn't being accepted.
- The ban in Manitoba begins on October 24.
- Wal-Mart Canada is a division of Wal-Mart (NYSE:WMT).