V · Visa Inc.

Visa Inc V

Operates a global payments network that processes electronic transactions between banks, merchants, and cardholders.

Industry
Financial Services
Listed on
New York Stock Exchange
IPO
2008-03-25
Website
usa.visa.com

Daily brief

Visa advances as Open USD stablecoin platform moves to institutional rollout

+2.51% to $369.71 from $360.66

What moved V

  • Visa’s stock rise was driven by its Open USD stablecoin platform moving from experimentation into managed institutional workflows.
  • The platform gives institutions tools to mint, redeem, hold and transfer Open USD, with approval controls and audit logs built into the workflow.
  • Stripe launched support for the Open USD token across its products and four blockchains.
  • RBC maintained its price target on continued double-digit operating growth, while Wells Fargo kept a Strong Buy rating on the shares.

Sources: GuruFocus · ad-hoc-news.de

Daily brief

Visa hits a record high on a big hedge-fund stake

+3.06% to $382.41 from $371.04

What moved V

  • A large hedge fund disclosed a new $1.1 billion stake in Visa, fueling institutional buying interest.
  • Investment accounts associated with President Trump purchased millions of dollars of Visa and Mastercard shares in June, according to newly reviewed disclosures.
  • The move builds on Visa’s latest quarterly report, in which revenue rose 14% year over year to $11.6 billion and EPS of $3.32 beat estimates.
  • CEO Ryan McInerney said consumer and business spending “remains resilient.”

Sources: Investing.com · FX Leaders

More on Visa Inc.

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Revenue breakdown: segments, products, and regions →

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