Payments technology juggernaut Visa Inc. (V) reported strong fourth-quarter fiscal 2024 results on Oct. 29, 2024. It showcased increased payments volume, processed transactions and cross-border volumes, benefiting from expanding global operations and solid demand for digital payments. Since then, the stock has jumped 8.5%, reflecting investor optimism.With this increase, the stock is now pretty close to its 52-week high of $309.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Is this ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Visa (V) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Visa currently has an average brokerage ...

Core Insights - Visa has achieved a solid 24% return since the last coverage, indicating resilience and growth potential despite economic challenges [1] - The company's recent results highlight its expanding market presence and strategic focus on diversifying revenue streams [1] Company Performance - Visa's performance reflects a strong market position and adaptability in a challenging economic environment [1] - The emphasis on diversifying revenue streams suggests a proactive approach to sustaining growth [1] Strategic Focus - The company is strategically focusing on expanding its market presence, which is crucial for long-term growth [1] - Diversification of revenue streams is a key strategy to mitigate risks associated with economic fluctuations [1]

Group 1: Visa's AI Initiatives - Visa utilizes over 500 generative artificial intelligence applications and plans to expand this number to enhance its technological edge and combat fraud threats [1] - The company has invested $3.3 billion in AI and data infrastructure over the past decade [2] - Visa's AI tools include applications for identifying security bugs, assisting with billing cycle selections, and chatbots for specialized business inquiries [2] Group 2: Challenges and Future Outlook - Measuring the return on investment (ROI) for AI tools can be complex, particularly for productivity applications, while fraud prevention tools have more quantifiable ROI [3] - Visa's President of Technology envisions teams of "AI employees" managed by humans, with each AI focused on specific tasks and grouped under human oversight [3] Group 3: Industry Trends - Generative AI is increasingly being adopted in the financial sector, with 83% of financial professionals indicating their institutions' interest in this technology [4] - Among these professionals, 32% anticipate using AI to deliver more personalized services to clients [4] Group 4: Competitor Developments - Mastercard has launched its first generative AI application aimed at streamlining the customer onboarding process by automating routine tasks and providing answers to customer inquiries [5]

For the payment networks, the continued shift beyond consumer cards has trillions of dollars’ worth of B2B transactions firmly in sight.And, as spotlighted in Visa and Mastercard’s most recent earnings calls, cross-border payments, small and medium-sized business (SMB) transactions, virtual cards and even the buildout of non-card networks are all part of the multi-year strategies.PYMNTS Intelligence reported earlier this year that paper payments remain stubbornly entrenched, which in turn creates friction a ...

Visa's stock price is just 2.5% below its 52-week high and up nearly 24% during the past year. And the stock still looks attractively priced.Visa (V 2.94%) shares an effective duopoly in the payment processing market with Mastercard (MA 1.46%). These two companies have been growing for years as consumers increasingly opt for cards over cash, a move that has benefited from the growth of online retail. Visa in particular is quite interesting right now. Despite being near 52-week highs, the stock actually look ...

Surprise, surprise: In a nation of credit card holders, Visa stock is doing just fine.Visa (V 3.37%) stock enjoyed modest gains on Wednesday, rising 3.5% through 1:30 p.m. ET after beating analyst forecasts for fiscal Q4 2024 earnings last night.Wall Street had Visa pegged for a $2.58 per share "adjusted" profit on sales of $9.5 billion. Visa reported $2.71 per share, adjusted, and $2.65 per share as calculated, according to generally accepted accounting principles (GAAP), with $9.6 billion in revenue, beat ...

Visa Inc. (V) reported fourth-quarter fiscal 2024 earnings of $2.71 per share, which outpaced the Zacks Consensus Estimate of $2.58 by 5%. The bottom line increased 16% year over year. Net revenues of $9.6 billion improved 12% year over year. The top line beat the consensus mark by 1.2%. The quarterly results were driven by increased payments volume, processed transactions and cross-border volumes, benefiting from expanding global operations and solid demand for digital payments. However, the upside was par ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Visa's fiscal fourth quarter results underscored the payment network's traction beyond card payments, as new payment flows in particular gained momentum. Commentary from the call and from the earnings supplement and earnings release show that overall payments volume grew 8% year over year. In the United States, payments volume grew 5%, and international payments volume grew 10%. Cross-border volume, excluding intra Europe, rose 13%. In consumer payments, CEO Ryan McInerney detailed that Visa's credential co ...