Visa Stock Drops After Revenue Miss, Legal Settlement Rejected
Visa Inc. stock fell 3% after the company reported quarterly revenue of $8.9 billion, missing Wall Street expectations for the first time since 2020. Despite this, Visa’s adjusted net income rose 9%, exceeding earnings forecasts. The company faces ongoing legal challenges as a federal judge rejected a $30 billion settlement with U.S. merchants over credit-swipe fees. Investors are keenly watching Visa’s performance amid these developments.
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Discover XM Live Education, a new platform offering live support in multiple languages for traders. Stay informed with market overviews, trade ideas, technical summaries, economic calendar, XM TV, podcasts, and more. Learn about the buzz surrounding Visa’s upcoming quarterly report and analysts’ predictions for the company’s performance.
Visa and Mastercard Reach $30 Billion Settlement Over Transaction Fees
Visa and Mastercard have reached a $30 billion settlement over transaction fees in the United States, marking a significant development in the long-standing dispute between the credit card companies and vendors. The resolution is anticipated to have a far-reaching impact on the payment industry, potentially leading to changes in fee structures and altering the dynamics of the credit card market. This settlement is seen as a significant win for merchants, bringing relief to businesses grappling with high transaction costs.
Visa Inc. Receives Consensus Rating of ‘Moderate Buy’ from Analysts
Visa Inc. (NYSE:V) has received a consensus rating of “Moderate Buy” from the eighteen research firms covering the company, according to MarketBeat Ratings. Among these firms, four research analysts have rated the stock as a hold, while fourteen have issued…
Visa Inc. Anticipated to Report 13% Increase in Quarterly Earnings
Visa Inc. is anticipated to report a 13% increase in quarterly earnings, driven by substantial growth in transactions, payment volume, and data processing revenue. Analysts project that the credit card company’s revenue likely rose 9% to 12% in each of…