New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 6, 2013
14:15 EDTVEarnings Preview: Visa to report results after MasterCard beat expectations
Visa (V) is expected to report Q1 earnings after the market close on Wednesday, February 6 with a conference call scheduled for 5 pm ET on February 6. Visa is a credit card network... EXPECTATIONS: Analysts are looking for EPS of $1.79 on revenue of $2.82B. The consensus range is $1.73-$1.85 for EPS, and $2.74B-$2.87B for revenue, according to First Call... LAST QUARTER: Visa reported Q4 EPS of $1.54 against estimates for $1.50 on revenue of $2.73B against estimates for $2.68B. The company also predicted that its net revenue growth for the current fiscal year would be in the low double digits, and provided adjusted annual operating margin of about 60% for the current fiscal year. During the quarter the company removed an overhang by obtaining final approval for a settlement over merchants' swipe fee lawsuit against it. Under the deal Visa will lose about $4.4B, the company stated... STREET RESEARCH AND NEWS: Visa competitor and peer MasterCard (MA) on January 31 reported slightly stronger than expected Q4 results, and the company announced on February 5 that it would double its dividend to 60c from 30c Analysts have had mixed assessments of Visa in recent weeks. Wells Fargo on February 5 predicted that the company would report stronger than expected Q1 results, driven by a 10% increase in credit revenue and 8% growth in international transactions. The firm, however, also predicted that the credit card network's operating margin would fall slightly due to a 15% increase in operating expenses. Wells maintained an Outperform rating on the shares. Sterne Agee on February 4 said that it expected Visa to report "largely in-line" results, although it believes the company could beat the consensus outlook. The firm expects the company's conference call to be upbeat, and maintained a $175 price target and Buy rating on the shares. In an upbeat note Goldman Sachs on January 8 upgraded Visa to Conviction Buy from Buy, citing the company's leading position in payments, increased confidence in long-term transaction volume, and strong capital allocation prospects. The firm increased its price target on the shares to $188 from $160... PRICE ACTION: Visa has outperformed the market in the last three months, rising 11%.
News For V From The Last 14 Days
Check below for free stories on V the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 17, 2014
07:45 EDTVVisa, MasterCard should report solid Q1 results, says Oppenheimer
Oppenheimer believes that the fundamental environment for Visa (V) and MasterCard (MA) is "relatively stable." The firm expects the companies to reaffirm their full-year guidance, and recommends using the stocks' recent weakness to become more aggressive. The firm keeps Outperform ratings on both stocks.
April 16, 2014
07:08 EDTVVisa volatility elevated into Q2 and revenue outlook
Subscribe for More Information
April 15, 2014
10:00 EDTVOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
06:53 EDTVAmazon.com rejects bitcoin, doesn't rule out payment network, Re/code says
Subscribe for More Information
05:53 EDTVVisa upgraded to Buy from Neutral at Janney Capital
Janney Capital upgraded Visa to Buy citing the recent pullback in shares and raised its price target for the stock to $240 from $210.
April 14, 2014
10:56 EDTVMasterCard, Visa rise after analysts recommend their shares
Subscribe for More Information
10:02 EDTVOn The Fly: Analyst Initiation Summary
Subscribe for More Information
10:02 EDTVOn The Fly: Analyst Upgrade Summary
Acorda Therapeutics (ACOR) upgraded to Outperform from Market Perform at FBR Capital... Allegheny Technologies (ATI) upgraded to Neutral from Underperform at Sterne Agee... BP (BP) upgraded to Buy from Hold at Canaccord... Bloomin' Brands (BLMN) upgraded to Buy from Hold at Deutsche Bank... Boardwalk Pipeline (BWP) upgraded to Neutral from Underperform at BofA/Merrill... Boston Scientific (BSX) upgraded at BofA/Merrill... Charles Schwab (SCHW) upgraded to Buy from Neutral at UBS... Citigroup (C) upgraded to Hold from Sell at Rafferty Capital... Community Health (CYH) upgraded to Outperform from Perform at Oppenheimer... Eaton Vance (EV) upgraded to Neutral from Sell at Citigroup... Eli Lilly (LLY) upgraded to Hold from Underperform at Jefferies... F5 Networks (FFIV) upgraded to Buy from Hold at Stifel... HeartWare (HTWR) upgraded to Buy from Neutral at BTIG... Heartland Payment (HPY) upgraded to Hold from Sell at Stifel... Hyatt Hotels (H) upgraded to Outperform from Market Perform at FBR Capital... MasterCard (MA) upgraded to Outperform from Neutral at RW Baird... McDermott (MDR) upgraded to Neutral from Underweight at HSBC... Palo Alto (PANW) upgraded to Overweight at Stephens... PetroChina (PTR) upgraded to Neutral from Underperform at Credit Suisse... Seagate (STX) upgraded to Buy from Hold at Argus... Sensata (ST) upgraded to Buy from Neutral at Citigroup... Stryker (SYK) upgraded to Neutral from Reduce at SunTrust... TD Ameritrade (AMTD) upgraded to Buy from Neutral at UBS... TTM Technologies (TTMI) upgraded to Buy from Hold at Stifel... Transocean (RIG) upgraded to Hold from Sell at Deutsche Bank... VMware (VMW) upgraded to Outperform from Underperform at CLSA... Visa (V) upgraded to Outperform from Neutral at RW Baird... Yahoo (YHOO) upgraded to Buy from Neutral at SunTrust... Zimmer (ZMH) upgraded to Neutral from Reduce at SunTrust... bebe stores (BEBE) upgraded to Buy from Neutral at Janney Capital.
06:03 EDTVVisa initiated with an Outperform at Pacific Crest
Subscribe for More Information
05:37 EDTVVisa upgraded to Outperform from Neutral at RW Baird
RW Baird upgraded Visa to Outperform citing a more attractive risk/reward following the recent pullback in shares. The firm has a $245 price target for the stock.
April 7, 2014
07:16 EDTVRetailers muscle into competitive mobile payment market, Reuters says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use