|February 26, 2014|
|06:12 EDT||V||EU makes Visa Europe's commitments to cut MIFs legally binding |
The European Commission has rendered legally binding the commitments offered by Visa Europe to significantly cut its multilateral interchange fees, or MIFs, for credit card payments to a level of 0.3% of the value of the transaction -- a reduction of about 40 to 60% -- and to reform its rules in order to facilitate cross-border competition. The Commission continues the proceedings against Visa Inc. in relation to international inter-bank fees. These are the fees that apply when a card holder from outside the Visa Europe territory uses his Visa credit card to make a purchase at a merchant in the EEA. These fees are set by Visa Inc. and not by Visa Europe. Reference Link
News For V From The Last 14 Days
|December 17, 2014|
|08:31 EDT||V||Visa 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 EDT||V||Visa 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 EDT||V||Stocks with implied volatility below IV index mean; WFM V|
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|December 5, 2014|
|06:25 EDT||V||Stocks with implied volatility below IV index mean; WFM V|
Stocks with implied volatility below IV index mean; Whole Foods (WFM) 20, Visa (V) 16 according to iVolatility.