|Bid||138.10 x 900|
|Ask||138.40 x 800|
|Day's range||137.42 - 138.37|
|52-week range||93.19 - 138.37|
|PE ratio (TTM)||34.97|
|Earnings date||25 Jul 2018|
|Forward dividend & yield||0.84 (0.60%)|
|1y target est||146.59|
A British appeals court ruled in favor of retailers including J Sainsbury Plc in a blow to credit card firms that could now face billions of pounds in damages. The fees fixed by Visa Inc. and Mastercard Inc. restrict competition and are unlawful, Judge Terence Etherton said today in London. The ruling, which also involved Wal-Mart Stores Inc.’s Asda and Wm Morrison Supermarkets Plc, resolved wildly different decisions by judges in the lower courts.
Analysts are upbeat about the card networks following AmEx rulingVisa and Mastercard are reportedly close to settling a years-old antitrust case. Visa Inc. and Mastercard Inc., which appear poised to settle a multibillion-dollar antitrust lawsuit, are sitting pretty. A Supreme Court victory for American Express Co. (AXP) earlier in the week solidified core elements of the card companies’ business models and will make it harder for merchants to challenge the networks going forward.
Visa Inc. and Mastercard Inc. are getting close to settling a 13-year-old lawsuit over fees charged when merchants accept card payments, according to a person familiar with the agreement. The two card companies and banks including JPMorgan Chase & Co., Citigroup Inc. and Bank of America Corp. would pay merchants about $6.5 billion under the terms of the settlement, the person said, asking not to be identified because the deal hasn’t been made public. The lawsuit, brought on behalf of 12 million merchants nationwide, was filed more than a decade ago.
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In fiscal Q3 2018, Visa’s (V) service revenue could rise YoY (year-over-year) due to its payment volumes rising YoY in fiscal Q2 2018. Additionally, payment volumes for Visa and peers (IYF) Mastercard (MA), American Express (AXP), and Capital One Financial (COF) could rise sequentially due to a stronger economy and higher spending. In fiscal Q2 2018, Visa’s data processing revenue rose 15% YoY, supported by US payment volumes and cross-border transactions. Its client incentive revenue fell significantly due to delays in signing European contracts.
Analysts still love Visa (V) stock, primarily because of its strong outlook. Higher spending is expected to boost its growth in fiscal Q3 2018. Of the 36 analysts covering Visa, 15 recommend “strong buy,” 17 recommend “buy,” and four recommend “hold.”
Payment processing giants Visa (V) and Mastercard (MA) both view Europe as a significant growth opportunity, primarily due to its economy’s reliance on cash for payments. Creating awareness in the region about digital methods could boost these companies’ market share.
For payment processing companies (IYF) such as Visa (V), Mastercard (MA), Discover Financial Services (DFS), and American Express (AXP), regulations can restrict growth. However, in economies where governments are extending support, they may see easier penetration.
In India, after the government’s demonetization, merchants and consumers became more aware of digital payments, indicating how government support plays a vital role in fundamentals for payment processing companies such as Visa (V). Visa has maintained its focus on streamlining the process of making and accepting payments for customers and merchants. Visa’s contactless payments have grown strongly, and it has increased its penetration by promoting contactless payments through partnerships.
Visa’s (V) performance is expected to be primarily driven by spending trends, electronic payment adoption, and tapping into areas where many payments are still made in cash, such as Europe. Competitor (IYF) Mastercard (MA) is confident it could see growth in Europe.
Tech companies, banks and fintech startups have all tried to wean consumers off physical cards. Visa Inc. and Mastercard Inc. are in the early stages of adding fingerprint sensors to cards, a move they believe will help lower fraudulent purchases in stores. When consumers activate their cards, they place a finger on a fingerprint sensor on the card.
Visa CFO sees opportunities in contactless payments and b-to-b offeringsPatrick T. Fallon/Bloomberg“Right now, we’re well-positioned to go on the offensive,” Visa CFO Vasant Prabhu told MarketWatch. Visa Inc. (XNYS:V) and Mastercard Inc. (MA) continue to charge ahead, with their stocks trading near record highs as the payments giants find new ways to enlist newcomers in their fight against cash and check. PayPal Holdings Inc. (PYPL) was once thought of as a threat to the card companies, but partnership arrangements struck a few quarters back mean that Visa and Mastercard stand to benefit from PayPal’s growth.
NEW YORK, June 14, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Broadcom ...
The 2018 FIFA World Cup in Russia is less than a week away, with the first game between the host country and Saudi Arabia scheduled to kick off at 11 a.m. ET on Thursday, June 14 on Fox (FOXA). Now that World Cup fever has started to truly set in, let's take a look at how some of the biggest FIFA and World Cup sponsors have performed.