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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
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March 30, 2015
13:38 EDTVVodafone to enable NFC payments using Visa cards, NFC World says
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08:48 EDTVJPMorgan financial services analysts hold an analyst/industry conference call
Analysts discuss MasterCard/Visa on an Analyst/Industry conference call to be held on March 30 at 10 am.
March 27, 2015
11:02 EDTVVisa to miss Russian payment system deadline, CNBC reports
Visa (V) will need one to two months to move its credit card transaction processing in Russia to a local payment system, but MasterCard (MA) will make the April 1 deadline, according to CNBC. Russia ordered foreign card companies to move their transaction processing in Russia to a new local payment system after Russia was sanctioned due to its role in the Ukraine crisis. Reference Link
March 26, 2015
13:03 EDTVSmartMetric wins $3M fee dispute with Visa, MasterCard
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March 25, 2015
09:35 EDTVActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR TSLA KRFT FB BIDU GPRO V GILD NFLX
07:28 EDTVVisa MasterCard should be bought on any weakness caused by currency, says Stifel
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March 23, 2015
07:20 EDTVBarclays to hold a forum
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