Visa news stock

Visa Inc. (V) is a multinational financial services corporation that operates a global payment processing network. Here are some recent news and stock updates about Visa:

Recent News:

  1. Q2 Earnings: Visa reported its Q2 2023 earnings on April 26, 2023, beating analyst expectations. The company's net operating revenue increased 12% year-over-year to $7.2 billion, driven by strong growth in digital payments.
  2. Partnership with Stripe: Visa announced a partnership with Stripe, a leading online payment platform, to enable seamless and secure online payments for merchants and consumers.
  3. Expansion in Latin America: Visa expanded its presence in Latin America by launching a new payment platform in Mexico, allowing consumers to make contactless payments using their mobile devices.
  4. Sustainability Efforts: Visa announced its commitment to achieving net-zero greenhouse gas emissions by 2040, as part of its efforts to reduce its environmental impact.

Stock Performance:

  1. Current Price: As of May 10, 2023, Visa's stock price is around $215.50 per share.
  2. 52-Week Range: Visa's stock has traded between $183.50 and $234.50 over the past 52 weeks.
  3. Year-to-Date Performance: Visa's stock has risen around 15% year-to-date, outperforming the broader market.
  4. Dividend Yield: Visa pays a quarterly dividend of $0.365 per share, with a dividend yield of around 0.68%.

Analyst Estimates:

  1. Consensus Rating: Visa has a consensus rating of "Buy" or "Overweight" from 24 analysts, with an average target price of around $240 per share.
  2. Earnings Estimates: Analysts expect Visa's Q3 2023 earnings to increase 12% year-over-year to $1.45 per share, with revenue growth of 10% to $7.5 billion.

Please note that stock prices and analyst estimates can fluctuate rapidly and may be subject to change. It's essential to do your own research and consider multiple sources before making any investment decisions.