Is More Upside Left for Visa After Solid Fiscal Q2 Earnings? [Yahoo! Finance]
Visa Inc. (V)
Last visa inc. earnings: 4/30 04:01 pm
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Source: Yahoo! Finance
The payment company registered a net income of $4.7 billion, or $2.29 per share, in the first quarter, up from $4.3 billion, or $2.04 a share, a year ago. Visa generally earns a percentage from every debit and credit card transaction involving its products. Thus, a steady rise in consumer spending increased the fintech company's payment volume by 8% for the quarter, and the processed transactions jumped 11%. Its share prices also outperformed the Financial Transaction Services industry so far this year (+5.3% versus +4.2%). Image Source: Zacks Investment Research What's more, consumers' spending activity is poised to improve due to the strength in the labor market. Jobs are being added steadily, the jobless rate is at a record low, wages are improving, and there are fewer layoffs. Workers' productivity has also gone up, which should boost economic growth. At the same time, threats of an impending recession have ebbed, a tailwind for travel plans. Henceforth, the present streng
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News
- Visa to Participate in Upcoming Investor ConferencesBusiness Wire
- Intuit Appoints Vasant Prabhu, Former CFO and Vice Chairman of Visa, to its Board of Directors [Yahoo! Finance]Yahoo! Finance
- Visa Inc. (NYSE: V) had its price target raised by analysts at Mizuho from $265.00 to $275.00. They now have a "neutral" rating on the stock.MarketBeat
- Visa Joins AWS Partner Network to Help Simplify Global Digital PaymentsBusiness Wire
- Visa Inc. (NYSE: V) had its price target raised by analysts at Macquarie from $290.00 to $300.00. They now have an "outperform" rating on the stock.MarketBeat
V
Earnings
- 4/23/24 - Beat
V
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 144
- 4/24/24 - Form 10-Q
- V's page on the SEC website