
Visa (V) Stock Rises as Q4 2023 Earnings Results Exceed Analyst Expectations
Visa stock is up by about 23% over the past 12 months and only slightly down from July 2021’s all-time high of $252.67.
Visa stock is up by about 23% over the past 12 months and only slightly down from July 2021’s all-time high of $252.67.
Visa considers itself a pioneer in AI usage in payments. Reports suggest that the company sees the funding initiative as a chance to maintain its leadership in using AI.
Visa reported revenue of $6.1 billion in Q3 2021 against an estimate of $5.86 billion according to a consensus by FactSet.
The president and CEO of First Boulevard Donald Hawkins expressed his excitement over the partnership with Visa.
Visa dedicated a section of its earnings call to detail its plans for the cryptocurrency market niche.
The attorneys representing the Justice Department said that a successful acquisition would extend Visa’s “monopoly” in the payments industry.
If the deal with Plaid takes place, Visa will have access to 2,600 fintech apps and about 200 million bank accounts of users.
Visa reported Q3 earnings and revenue that fell sharply as the coronavirus pandemic led to a global recession, plunging consumer spending. V stock is down.
Both Visa and Mastercard are strong market players. And it is up to you to decide which one is a better buy now. In the long run, both seem to be a good way to invest.
Let’s take a look at both Visa and Mastercard to see how they’re doing amid the coronavirus pandemic. Today both V and MA stocks are in red.
Credit card stocks, Visa (V), MasterCard (MA) and American Express (AXP) rose 5.4%, 6.6% and 6.3% respectively on Wednesday, April 29. MasterCard Q1 earnings report beat analysts’ expectations.
At the moment of writing, Visa stock is 3.69% up, $175.69 per share in the-premarket. Mastercard is also upgrading, making up $275.95 per share.
Visa (V) and Mastercard (MA) stock prices have risen boosted by the hopes that the stimulus bill from the U.S. government gives. However, a long-term trend may be in the offing as COVID-19 creates a new order of things.
The Dow Jones futures plummeted quite terribly yesterday. However, today, it has gained almost 300 points on its way to recovery.
Visa’s quarterly earnings were published last week and it may seem that the company will have a good period ahead. Visa (V) stock is up.