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V

Visa Inc. New York Stock Exchange
$201.57
Open: $0.00 High: $0.00 Low: $0.00 Close: $0.00
Range: 0 - 0
Volume: 0
Market: Closed
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V
Visa Inc. P.O. Box 8999 San Francisco CA, 94128-8999 http://www.corporate.visa.com
Visa Inc is a payments technology company working to enable consumers, businesses, banks and governments to use fast, secure and reliable digital currency. The Company operates processing networks - VisaNet.
  • CEO:
  • Employees: 11,300
  • Sector: Financial Services
  • Industry: Credit Services
V News
Latest news about the V
  • The Zacks Analyst Blog Highlights: Visa, Mastercard, Global Payments and American Express

    The Zacks Analyst Blog Highlights: Visa, Mastercard, Global Payments and American Express

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  • Stock Market Today: Small Caps Roar Despite Lousy Unemployment Data

    A spike in weekly initial jobless claims reversed recent progress and weighed on blue chips, but the Russell 2000 set fresh records once again.

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  • Visa Inc. to Announce Fiscal First Quarter 2021 Financial Results on January 28, 2021

    Visa Inc. (NYSE: V) will report its fiscal first quarter 2021 financial results on Thursday, January 28, 2021. The results, along with accompanying financial information, will be released after market close and posted on the Visa Investor Relations website.

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  • 4 Companies Owned by V

    Visa Inc. (V) is one of the most widely used and well-known digital payment companies, with service in more than 200 countries to consumers, merchants, governments, and major financial institutions. A common misconception is that Visa issues credit cards. Instead, Visa makes its profits by selling services as a middleman between financial institutions and merchants.

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  • Stocks to Gain From Small Business Shift to Digitization

    Companies in the payments ecosystem serving small businesses are poised to gain from their increasing inclination toward business digitization.

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  • 'Buy Now, Pay Later' Wave Could Boost PayPal Stock, Disrupt Credit Firms

    Buy now, pay later services from PayPal, Affirm, Klarna and others are shaking up e-commerce by providing consumers with short-term loans. Analysts expect a 2021 boost for PayPal stock.

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  • Plaid Likely to Go Public After Failed Sale to Visa

    The companies late Tuesday agreed to terminate the $5.3 billion transaction after the Justice Department sued to block the deal.

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  • Visa Study Shows Growing Use of Contactless Payments Post-Pandemic

    A new study by Visa (NYSE: V) indicates that the shifts toward contactless payments accelerated by the pandemic won't subside after it is gone. The study -- called the "Visa Back to Business Study: 2021 Outlook" -- found that the small and micro businesses (SMB) that employed contactless payment technologies jumped from 20% in June 2020 to 39% by the end of the year. Further, it found that 74% of SMBs expect consumers to continue wanting contactless payments even after a vaccine is widely distributed.

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  • Dow Jones Edges Higher as Intel Picks New CEO, Visa Abandons Plaid Acquisition

    Intel will get new leadership next month as it faces major challenges, and Visa will no longer acquire Plaid.

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  • Visa (V), Plaid Terminate Merger After Legal Complications

    Visa (V) and Plaid mutually call off their merger after being entangled in legal issues from the Department of Justice.

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  • Why Card Stocks Are Still Winners Even Though Visa Isn’t Buying Plaid

    Analysts say a recovering economy, a rebound in cross-border travel, and the rise of digital payments remain reasons to buy Visa and Mastercard stock despite the collapse of Visa’s deal for Plaid.

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  • Visa, Mastercard stocks get upgrades at Jefferies

    Shares of Visa Inc. and Mastercard Inc. both got bullish upgrades at Jefferies Wednesday ahead of an expected economic recovery. Jefferies analyst Trevor Williams cited a "rare stretch of underperformance" that positions Visa and Mastercard well for 2021. Visa shares have gained 2.6% over the past three months as Mastercard shares have risen 0.3% and as the S&P 500 has added 8.5%. "With the rollout of the vaccine underway, we have increasing confidence in an eventual international travel recovery, which we believe will drive the stocks in 2021 as a more normalized earnings stream in 2022 and 2023 becomes discounted by the market," he wrote in upgrading Visa and Mastercard shares to buy from hold. He upped his Visa price target to $250 from $195 and raised his Mastercard target to $415 from $315. Visa shares are up 0.2% in Wednesday morning trading while Mastercard shares are up 1.1%. Visa announced late Tuesday that it was terminating its planned $5.3 billion acquisition of fintech company Plaid due to regulatory pushback from the Justice Department and an expectation that the Justice Department's antitrust lawsuit would take too much time to play out.

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  • New Year, New Habits: Contactless Payments Are Here to Stay, With Only 16% of Consumers Planning to Revert to Pre-Pandemic Ways to Pay

    As the one-year mark of the Covid-19 pandemic approaches and digital payments play a larger role in daily life around the world, there will be no reverse gear on consumer behavior as we head into 2021. In the third edition of its global research study, the "Visa Back to Business Study – 2021 Outlook," Visa (NYSE: V) found that the continued small and micro business ("SMB") shift towards digital commerce will evolve in the New Year and bring an increased focus on areas such as security and fraud prevention, and more emerging payment tools such as ‘buy now, pay later’ and mobile payment acceptance.

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  • Impeachment Vote, CPI, Couche-Tard/Carrefour - What's up in Markets

    By Geoffrey Smith

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  • Visa Calls Off $5.3B Merger Deal With Plaid Over DOJ Lawsuit

    Payment solutions provider Visa Inc (NYSE: V) and fintech company Plaid Inc have called off their merger plans originally announced in January last year.What Happened: The U.S. Department of Justice had filed a lawsuit to stop the $5.3 billion merger deal in November -- claiming that the transaction would eliminate healthy competition from the online payments market. Both the companies and the federal body have agreed to dismiss any litigation and the Justice Department has also filed a Joint Stipulation of Dismissal. A hearing that was scheduled for June is canceled."Now that Visa has abandoned its anticompetitive merger, Plaid and other future fintech innovators are free to develop potential alternatives to Visa's online debit services," Makan Delrahim, the assistant attorney general of the Justice Department's Antitrust Division, said in a statement. "With more competition, consumers can expect lower prices and better services."Why Does It Matter: The Justice Department had originally raised objections to the deal, dubbing it an attempt by Visa to stifle competition. The federal executive department claimed that Visa's monopoly in the online payments market could have been challenged by Plaid's fintech platform.Visa CEO Al Kelly maintained that Plaid's offerings complement Visa and are not competitive, but said that "protracted and complex litigation will likely take substantial time to fully resolve."Plaid CEO Zach Perret remarked that the fintech company will work with Visa nevertheless, in the capacity of an investor or partner, to develop the fintech infrastructure.Price Action: V stock closed Tuesday at $208.86, 1.87% lower.See more from Benzinga * Click here for options trades from Benzinga * Xpeng Secures B Credit Line To Fuel Expansion Plans * LoanDepot Seeks NYSE IPO Listing Amid Mortgage Boom(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Identity Mixup With Visa Target Spurs 10% Jump in Japan Startup

    (Bloomberg) -- Japanese startup Plaid Inc. has already seen its shares more than double since going public in December. A case of mistaken identity with a U.S. soundalike briefly boosted it further in Tokyo on Wednesday.Shares in the provider of digital marketing data briefly jumped as much as 10% in early trading, seemingly over confusion with an unrelated San Francisco-based financial-technology firm with the same name.The U.S. company, also known as Plaid Inc., had been a target for Visa Inc., which announced Wednesday it was walking away from a proposed $5.3 billion acquisition. At least one media report in Japanese mistakenly identified Visa’s target as the company listed in Japan’s startup board, raising the ire of some traders on social media.“Wrong Plaid,” said one typical post.Plaid has a market value of around $1.2 billion. It has itself attracted significant attention from investors since before its public debut, with funding from Alphabet Inc., which holds about 3.9% stake, as well as money manager Capital Group, which holds 5.6%.Cases of mistaken identity abound as trading becomes increasingly accessible to retail investors. Most recently, Elon Musk’s post to “Use Signal,” apparently referring to the encrypted messaging service, led to a surge in shares of Signal Advance Inc., a tiny medical device company.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Visa and Plaid Call Off Merger

    The Department of Justice had sued Visa in November, and execs said that it would have taken significant time to work through the litigation.

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  • Visa and Plaid Scrap Merger. Wall Street, Which Loved the Deal, Must Reassess.

    (V) and Plaid have called off their merger because of federal antitrust opposition to the deal. The companies struck an agreement to merge a year ago, with Visa (ticker: V) agreeing to pay $5.3 billion for the payments-technology company. Plaid verifies and links accounts on apps like (PYPL)’ (PYPL) Venmo service with a user’s bank account.

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  • How Visa Makes Money: Data Processing, Service, and International Transactions

    Visa profits as the middleman between financial institutions and merchants by offering services such as data processing and cross-border transactions.

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  • Visa and Plaid call off $5.3 billion merger after Justice Department objection

    Visa Inc. and financial-technology startup Plaid announced Tuesday that they've terminated their plans to merge following antitrust pushback from the Justice Department.

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