A background of $100 U.S. banknotes. OlyaSolodenko As an investor, one of the things that I love to see from a business is strong profitability. For one, making money is the name of the game in investing. Not to mention that the general rule is that higher profitability equals a wider competitive moat. Well, one company that I will discuss for the first time since last November that has a substantial moat and is a core holding in my portfolio is Visa (NYSE:V). The payment processing giant comprises 1.7% o ...

The world has had several years of economic upheaval, although the drivers keep changing. Store closures and lost jobs led to heavy government stimulus during the pandemic, leading in turn to accelerating inflation and rising interest rates. Higher costs and disrupted supply chains resulted in shortages and increasing price.This year has started on a positive note, though, with the S&P 500 hitting an all-time high. Inflation looks like it's moderating, hardly anyone is even talking about a recession anymore ...

Justin Sullivan Visa (NYSE:V) beat estimates on the top and the bottom line in the first-quarter due to continual momentum in transaction volumes, including cross-border transactions. Visa is a well-run global payments technology company that is set to benefit from consistent growth in cross-border payments in an increasingly globalized world. Visa is chiefly a free cash flow and capital return play due to its commitment to return a high percentage of its free cash flow to shareholders. I believe that Visa, ...

Visa was sued on Tuesday by consumers who said the card payments network failed to make prepaid “Vanilla” gift cards less likely to being drained by thieves.Ira Schuman, who leads the proposed class action in the White Plains, New York, federal court, said he bought eight $500 Vanilla cards as holiday gifts for his employees in 2022 and 2023, only to learn later that cards had been emptied.According to the complaint, the non-reloadable debit cards are sold at CVS, Target, Walgreens and other grocers and re ...

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Visa (V) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this global payments processor have returned +2.9% over the past month versus the Zacks S&P 500 composite's +2.5% change. The Zacks Financial Transaction Services industry, to which Visa belongs, has gained 2.5% over this period. Now the key question is: Where could the stock be headed in the near term?Although media re ...

Shares of Visa (V -1.70%) were falling today after the credit card processing giant posted a narrow beat on the top and bottom lines in its first-quarter earnings report, but it wasn't enough to impress investors. Rival American Express also delivered a strong earnings report this morning, which investors may have interpreted as a sign that AmEx is outperforming Visa. Concerns about the global economy also seemed to weigh on the stock.As of 12:14 p.m. ET, Visa stock was down 1.6% after falling as much as 2. ...

Visa Inc. (V) reported first-quarter fiscal 2024 earnings per share of $2.41, which outpaced the Zacks Consensus Estimate of $2.33 by 3.4%. The bottom line rose 11% year over year.Net revenues improved 9% year over year to $8.6 billion in the quarter under review. The top line beat the consensus mark by 1.5%.The quarterly results benefited on the back of expanding payments volume, cross-border volume and processed transactions. Strong consumer spending and a decline in overall expenses drove Visa’s performa ...

Visa Inc (NYSE:V) has cited “resilient consumer spending” as aiding an increase in revenue and net income over the first quarter. Reporting on Thursday, the card payment services giant said revenue had climbed 9% to US$8.6 billion during the three months to December compared to a year earlier. Net income increased by 17% to US$4.9 billion meanwhile, with earnings per share jumping by a fifth to US$2.39. “Consumer spending remained resilient,” chief executive Ryan McInerney commented, in spite of pressures o ...