|Bid||101.54 x 1000|
|Ask||101.56 x 1300|
|Day's Range||100.72 - 102.31|
|52 Week Range||75.98 - 103.24|
|PE Ratio (TTM)||34.18|
|Earnings Date||Jul 17, 2018 - Jul 23, 2018|
|Forward Dividend & Yield||1.40 (1.40%)|
|1y Target Est||109.11|
Visa (V) is expected to post EPS (earnings per share) of $1.11 in the third fiscal quarter (ending in June), boosted by strong business fundamentals. As we’ve discussed, the performance of payment technology companies (XLF) such as Discover Financial Services (DFS), Mastercard (MA), and American Express (AXP) is affected by the overall economy and client spending.
As we’ve discussed, payment technology companies such as Visa (V), Mastercard (MA), American Express (AXP), and Discover Financial Services (DFS) benefit primarily from increased spending, which rises with economic growth. As US consumer spending is expected to rise, Visa could be due to benefit.
At the J.P. Morgan Global Technology, Media and Communications Conference, Visa (V) shared positive views on its European integration, which it stated has been proceeding rapidly. The company has also been focusing on its push payment facility, Visa Direct. Visa’s payment volume rose substantially YoY (year-over-year) in fiscal Q2 2018, by 11% on a constant-dollar basis, which could boost its service revenue in fiscal Q3 2018.
Credit card companies are taking the next step in using their points programs to influence what millions of customers buy, going as far as influencing what color blender you might purchase. American Express is piloting a program that will allow merchants to reward customers for purchasing specific items at their stores, starting with online merchant Boxed. AmEx is starting small: giving bonus rewards points to Boxed customers who buy Dove soap, Planters nuts, Cheerios cereal and a handful of other items.
Payment giant Visa (V) benefits from higher consumer spending due to lower unemployment, positive economic momentum, digital technology expansion, and higher prices. Higher oil prices and inflation help payment processors such as Visa and Mastercard (MA), boosting their financials.
Increase in profitability and industry-beating performance can be essential considerations in a stock for some investors. In this article, I will take a look at American Express Company’s (NYSE:AXP) trackRead More...
When you substitute facts for anger you come away with a new understanding about the role corporations have played and could play in addressing society's challenges.
Moody's Investors Service announced today that the issuance of the American Express Credit Account Master Trust, Series 2018-4 and Series 2018-5 Class A and Class B Asset Backed Certificates on May 21, 2018 would not, in and of itself and as of this time, result in the downgrade or withdrawal of the ratings assigned to any class of outstanding securities issued by the trust. The issuance of the Series 2018-4 and Series 2018-5 Certificates will increase the investor's share of the collateral pool of credit card receivables by the proportional amount of the new issuances and will correspondingly decrease the seller's share of the pool by the same proportion. Both the Series 2018-4 and Series 2018-5 Certificates and the outstanding securities share a pro rata undivided interest in the same collateral pool of credit card receivables and have similar terms.
Of 23 Dow 30 companies whose payrolls were analyzed by MyLogIQ and curated by the Wall Street Journal, 15 posted median incomes above the $57,617 median U.S. income reported by the U.S. Census Bureau in ...
To the average eye, these two credit card titans might sport similar business models, but looks can be deceiving. Which company makes for a better investment right now?