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Stock Market & Financial Investment News

News Breaks
July 24, 2014
14:07 EDTVEarnings Preview: Visa to report results amid credit metric improvements
Visa (V) is expected to report third quarter earnings after the market close on Thursday, July 24 with a conference call scheduled for 5:00 pm ET. Visa is a credit card network. EXPECTATIONS: Analysts are looking for earnings per share of $2.10 on revenue of $3.15B. The consensus range is $1.99-$2.17 for EPS, and $3.05B-$3.22B for revenue, according to First Call. LAST QUARTER: Visa reported stronger than expected second quarter results, as its payments volume jumped 12% year-over-year during the quarter. The company predicted that its earnings per share would rise by mid to high teen percentage levels in fiscal 2014. "Softer net revenue growth was impacted by a strengthening U.S. dollar and difficult year-over-year comparisons due to non-recurring items," said Visa CEO Charlie Scharf. These negative factors will have a slightly greater impact in Visa's third quarter before easing in the fourth quarter, the CEO added. On May 19, Scharf said that rising interest rates are good for the credit card business. BANKS' CREDIT METRICS: A number of banks reported that their credit metrics had improved last quarter, potentially boding well for Visa's results. For example, JPMorgan (JPM) said that its total consumer provision for loan losses fell $345M last quarter, while consumer net chargeoffs dropped to $1.2B from $1.5B in the same period a year earlier. Meanwhile, Wells Fargo (WFC) reported that it saw "broad based growth" in its credit card business. STREET RESEARCH: In a note to investors on July 17, Oppenheimer analyst Glen Greene wrote that although Visa and MasterCard's stocks had "temporarily paused," he remained upbeat on their long-term and intermediate term growth potential. Over the longer term ,the companies also enjoy competitive barriers to entry and "highly attractive business models," Greene believes. He preferred Visa but kept Outperform rating on both names. PRICE ACTION: Visa's stock is flat on the year, but up more than 6% in the last three months.
News For V From The Last 14 Days
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January 30, 2015
10:00 EDTVOn The Fly: Analyst Downgrade Summary
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09:26 EDTVOn The Fly: Pre-market Movers
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08:15 EDTVVisa price target raised to $308 from $280 at Stifel
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07:57 EDTVVisa reported solid results, says Oppenheimer
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05:58 EDTVVisa downgraded to Market Perform from Outperform at FBR Capital
FBR Capital downgraded Visa to Market Perform with a $260 price target citing valuation and a more challenging environment. Shares of the payment processor rallied 4% to $259.50 last night in after-hours trading after reporting Q4 results and announcing a four-for-one stock split.
January 29, 2015
19:14 EDTVOn The Fly: After Hours Movers
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16:45 EDTVVisa up over 3% after Q1 results, stock split
16:11 EDTVVisa sees FY15 annual diluted class A common stock EPS growth in mid-teens
FY15 EPS consensus $10.38. Sees annual free cash flow greater than $6B.
16:10 EDTVVisa sees FY15 annual net revenue growth low double digits, consensus $13.86B
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16:09 EDTVVisa says Q1 payments volume growth was 11% over the prior year
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16:08 EDTVVisa announces four-for-one stock split
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16:07 EDTVVisa reports Q1 EPS $2.53, consensus $2.49
Reports Q1 revenue $3.38B, consensus $3.34B.
15:37 EDTVNotable companies reporting after market close
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13:31 EDTVVisa technical notes before earnings
On the daily chart there is a clear rounded top pattern that follows a large bullish gap and run back in October of last year. This is a bearish chart, and if we were clear of earnings news it would suggest the stock was better for a sale. As we know, patterns and chart conditions are subject to failure more in earnings season than at any other time, other than unexpected events. If there is a negative surprise, support levels to watch as potential downside objectives are at $240.98 and then at $236.65 and $228.02. The latter level is the top of the bullish gap from October. If the news is a positive surprise, resistance levels to watch as potential upside objectives are at $250.92, $258.45, and $264.47. The $260 level may be tough resistance to overcome unless the news is extremely positive.
13:24 EDTVEarnings Preview: Analysts have mixed views on Visa ahead of results
Visa (V) is expected to report first quarter earnings after the market close on Thursday, January 29 with a conference call scheduled for 5:00 pm ET. Visa is a credit card network. EXPECTATIONS: Analysts are looking for earnings per share of $2.49 on revenue of $3.34B, according to First Call. The consensus range for EPS is $2.40-$2.58 on revenue of $3.26B-$3.44B. LAST QUARTER: Visa reported stronger than expected fourth quarter profit and revenue. Its payments' volume growth increased 12%, versus the same period a year earlier. Visa maintained its outlook for revenue gains in the low double percentage levels in fiscal 2015. Visa also authorized a new $5B share repurchase program. Visa CEO Charlie Scharf said that he believes that mobile payment platforms will significantly increase Visa’s growth, Reuters reported on October 30. STREET RESEARCH: Although Visa is facing significant foreign exchange headwinds and lower gas sales could cut its volumes in the near-term, its near-term fundamentals and long-term outlook remain encouraging, Oppenheimer wrote in a note to investors on January 23..Few companies have such “strong, defensible market positions” and upbeat long-term growth prospects, the firm contended. Oppenheimer left its 2015 and 2016 EPS estimates for Visa unchanged and kept an Outperform rating on the shares. Bernstein on January 26 raised its price target on Visa to $283 from $262, citing a number of positive trends, including margin expansion caused by a shift to online purchases that have higher margins,. Also likely to help Visa are higher global payments volumes due to more favorable to macro trends and market share, and the conversion of the Chase portfolio to Visa in the U.S., the firm contended. Online purchases have higher margins partly because they have a greater percentage of credit card versus debit transactions, and are more likely to be international transactions, the firm explained. Bernstein expects Visa to report in-line Q1 EPS, but it predicts that the company’s 2015 EPS guidance will beat expectations by 6c. The firm kept an Outperform rating on the stock. Less upbeat was Wells Fargo, which predicted that Visa would report weaker than expected results. Visa’s transaction growth was probably in-line with expectations, as retailers’ comments do not indicate that it will beat expectations, the firm believes. Meanwhile, foreign exchange fluctuations are likely to weigh on Visa’s results, making a significant earnings beat unlikely, Wells believes. It kept a Market Perform rating on the stock. PRICE ACTION: Visa's stock is up 14.5% over the last three months but down 6% year-to-date.
12:12 EDTVVisa January weekly volatility elevated into Q1 and outlook
Visa January weekly call option implied volatility is at 115, February is at 33, March is at 26; compared to its 26-week average of 21 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on January 29.
January 27, 2015
11:38 EDTVVisa January weekly volatility elevated into Q1 and outlook
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January 26, 2015
08:56 EDTVVisa price target raised to $283 from $262 at Bernstein
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January 21, 2015
13:38 EDTVEarnings Preview: eBay shares rise over 5.5% since last earnings report
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January 20, 2015
09:44 EDTVSupreme Court denies appeal of 'swipe fee' ruling, Reuters reports
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