Visa Operations Shine, But is V Stock a Buy at Current Valuation?

Payments-processing juggernaut Visa Inc. (V) boasts robust global operations that many financial companies envy. Unlike most financial stocks, which are highly cyclical, its strong competitive advantages enable it to excel in nearly any economic environment. A cornerstone of V’s success is its focus on payment facilitation, while some peers also engage in lending. This spares the company from having to allocate capital for loan losses or credit delinquencies during economic downturns.Over the past year, Vis ...