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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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December 17, 2014
08:31 EDTVVisa MasterCard shares undervalued, says Bernstein
Bernstein believes that the current valuations of Visa (V) and MasterCard (MA) suggests that their payments volumes growth will decelerate to 6%-7% by 2017. The firm disagrees with this view, as it expects the companies to generate double digit volume growth for five to ten more years, Bernstein keeps Outperform ratings on both stocks.
December 8, 2014
14:50 EDTVVisa price target raised to $295 from $260 at Argus
Argus raised its FY15 and FY16 adjusted EPS estimates for Visa (V) and correspondingly increased its price target on the stock to $295 from $260. The firm, which keeps a Buy rating on Visa, expects rising transaction volume to lead to higher consensus earnings estimates and believes the stock should trade at a higher multiple than peer MasterCard (MA), given its faster EPS growth rate and more consistent earnings performance.
06:13 EDTVStocks with implied volatility below IV index mean; WFM V
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