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Visa Inc. (V)

  • Tue, May 19, 10:56 AM
    • Visa (V +0.6%) announces it has added a significant number of high-profile merchants to its Visa Checkout platform.
    • The company also disclosed that a new report from comScore indicates 69% of Visa Checkout shoppers convert to online buyers due to the ease of use of the payment method.
    • New Visa Checkout merchant partners include Dunkin' Donuts, Pizza Hut, Fandango, and Indigo.
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  • Fri, May 8, 2:52 PM
    • Visa (NYSE:V) spikes higher in mid-day trading off a report the company is in talks to acquire Visa Europe.
    • The deal size could be as high as $15B to $20B.
    • Visa Europe became independent from its former parent company back in 2007.
    • Shares of Visa are up 4.52% to an all-time high of $69.59.
  • Thu, Apr. 30, 5:12 PM
    • Visa (NYSE:V) reports a strong U.S dollar cut into growth by 2.5 percentage points in Q1.
    • Total processed transactions during the quarter were up 11% Y/Y to 17.0B.
    • Payments volume growth rose 11% on a constant dollar basis to $1.2T and cross-border volume was up 8%.
    • Service revenue was up 8% to $1.6B on a reported ending date of Dec. 31.
    • The company's operating expenses rose 1% to $1.1B.
    • Guidance: Visa reaffirms previous guidance of low double-digit revenue growth in constant currency terms. F/X is seen as a -2% drag on sales.
    • Visa didn't mention China in its earnings release, but the topic could come up on the earnings call.
    • -2.35% after hours.
    | 1 Comment
  • Wed, Apr. 22, 11:35 AM
    • Morgan Stanley is out with a new note covering the impact of China opening up competition for bank card clearing services in the nation.
    • The investment firm thinks Visa (V +5.9%) and MasterCard (MA +4.6%) could begin operations in China in late 2016 or early 2017.
    • The development could add $336M to $360M in revenue for Visa and $224M to $240M for MasterCard by 2021.
    • Shares of both payments stocks have ripped gains on strong volume.
    • Previously: Door opens for MasterCard and Visa in China
  • Wed, Apr. 22, 10:33 AM
    • MasterCard (MA +3.4%) and Visa (V +4%) shoot higher after China opens up bank card processing to foreign firms.
    • The companies will have the ability to enter the market on June 1 through local partnerships/units or acquisitions.
    • The development was tipped last fall, but the Chinese government just issued the official rules today.
  • Fri, Apr. 17, 11:02 AM
    • "If any doubt remained, it is very clear that dollar strength is a major problem right now for large multinationals," says Topeka, after going over American Express' (AXP -4.5%) Q1 results, and noting the corporate card business slowdown wasn't isolated to any particular industry.
    • AmEx, notes the team, has 31% of its volume outside of the U.S. and is highly dependent on cross-border and business-related travel. 'This reads negatively for Mastercard (MA -1.4%), and, less so, Visa (V -1.4%)."
    • AmEx earnings call transcript and presentation slides.
    • Previously: AmEx beats on bottom line, but outlook still dour (April 16)
  • Mon, Mar. 2, 8:13 AM
    • Citigroup (NYSE:C) will become the exclusive co-issuer of Costco's (NASDAQ:COST) co-brand credit cards, and Visa (NYSE:V) will replace American Express (NYSE:AXP) as the credit card network for Costco in the U.S. and Puerto Rico, beginning April 1, 2016.
    • On CNBC as the news hit, AmEx shareholder Warren Buffett: Citi won't get rich off the Costco deal.
    • Source: Press Release
    • +0.6%, V +2.4% premarket
  • Thu, Feb. 19, 12:07 PM
    • "The court's ruling will not provide any benefit to consumers and will, in fact, harm competition by further entrenching the two dominant networks," says American Express (AXP -2.2%), responding to its loss in an antitrust lawsuit, and vowing to appeal.
    • Filed in 2010 and heard by a federal judge last year, the case is about AmEx's prohibiting merchants who accept its cards from steering customers towards those cards processed by rivals Visa (V +0.3%) and MasterCard (MA +1.7%), or debit cards.
    • “The most damaging thing that can happen to the American Express brand is when our card members are discriminated against at the point of sale,” said company CEO Ken Chenault when he testified at last year's trial.
    • It's another 2015 blow for AmEx which last week announced an end to its long-time exclusive partnership with Costco in the U.S. The stock's now lower by about 16% YTD.
    • Previously: AmEx lower by 1.9% after losing antitrust suit (Feb. 19)
  • Mon, Feb. 2, 4:32 PM
    • Visa (NYSE:V) announces Vasant Prabhu will replace the retiring Bryon Pollitt as the company's CFO.
    • Prabhu is the former CFO at NBCUniversal.
    • -0.9% after hours.
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  • Fri, Jan. 30, 11:36 AM
  • Thu, Jan. 29, 4:20 PM
    • Visa (NYSE:V) reports the strong U.S. dollar impacted growth by a full 2 percentage points in Q4.
    • Payments volume growth +11% to $1.2T on a constant dollar basis.
    • Cross-border volume growth +8%.
    • Processed transactions +10% to 17.6B.
    • Operating expenses +10% to $1.1B.
    • The company announces a 4-for-1 split.
    • +4.2% after hours
  • Thu, Jan. 29, 4:12 PM
    • Visa (NYSE:V): FQ1 EPS of $2.53 beats by $0.04.
    • Revenue of $3.38B (+7.0% Y/Y) beats by $40M.
    • Shares +4.84%.
    • Press Release
  • Oct. 30, 2014, 12:35 PM
    • Shares of Visa (V +9.1%) are in rally mode after the credit card giant posts strong FQ4 results and issues pleasing guidance.
    • The company's plan to charge some U.S. banks a higher card-processing rate has drawn notice from investors and analysts.
    | 1 Comment
  • Oct. 29, 2014, 5:50 PM
    • Visa (NYSE:V) is guiding for low-double digit FY15 (ends Sep. '15) constant dollar revenue growth, with forex having a 200 bps negative impact; consensus (based on real dollars) is for 10.2% growth. Free cash flow is expected to be above $6B.
    • Op. margin is forecast to be in the mid-60s range; its was at 64% in FY14, and 61% in FY13. Client incentives are expected to equal 17.5%-18.5% of gross revenue, up from FY14 16.9%.
    • FQ4 payments volume +11% Y/Y to $1.2T; cross-border volume +10%; processed transactions +9% to 16.9B.
    • Service revenue +8% to $1.5B; data processing +14% to $1.3B; international +4% to $938M; everything else +16% to $212M.
    • MasterCard (NYSE:MA) is getting a lift from Visa's numbers.
    • FQ4 results, buyback, PR
  • Oct. 29, 2014, 4:11 PM
    • Visa (NYSE:V): FQ4 EPS of $2.18 beats by $0.08.
    • Revenue of $3.23B (+8.8% Y/Y) beats by $40M.
    • Shares +3.7%.
    • Press Release
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  • Oct. 2, 2014, 9:21 AM
    • Sandler O'Neill downgrades both Visa (NYSE:V) and MasterCard (NYSE:MA) on a soured view of the growth prospects of the payments companies in relation to valuation.
    • Visa is taken Hold from Buy, while MasterCard goes to Sell from Hold.
    • MA -1.0% premarket and Visa -0.6%.
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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.
Sector: Services
Country: United States