84.52 0.00 (0.00%)
After hours: 4:56PM EST
|Bid||84.46 x 800|
|Ask||84.47 x 800|
|Day's Range||84.04 - 85.20|
|52 Week Range||54.36 - 92.98|
|Beta (3Y Monthly)||1.61|
|PE Ratio (TTM)||9.57|
|Earnings Date||Jan 22, 2020 - Jan 27, 2020|
|Forward Dividend & Yield||1.76 (2.09%)|
|1y Target Est||92.60|
Visa (NYSE:V) stock has exhibited a behavior not seen in a long time, it has stayed in place. The payments processor has consistently moved higher for the last few years as consumers across the world increasingly moved to card-based transactions. However, the lack of movement leaves V stock investors wondering what to do.Source: Shutterstock Market trends have left it seemingly immune from secular downturns. Still, it has also stopped responding positively. Considering the stock's history, as long as V stock remains in its current position, traders should probably do the same. Payment Trends, Dominance at Home Drive VisaVisa stock has performed well over the last few years. The company benefits as society increasingly turns from cash in favor of electronic payments. Within the U.S., most of those are made on Visa cards as the firm gains market share over processors such as Mastercard (NYSE:MA), American Express (NYSE:AXP) and Discover Financial (NYSE:DFS).InvestorPlace - Stock Market News, Stock Advice & Trading TipsVisa processed 53.1% of U.S. card transactions in 2018. Despite the competition, this percentage has continued to grow. Moreover, it operates on all six continents and lags only China UnionPay in worldwide transactions. * 7 Buy-Rated Stocks With Dividend Yields Over 9% At a forward price-to-earnings (P/E) ratio of 24.4, few consider this a cheap stock. However, with the record of profit growth it continues to accumulate, I find it hard to argue with the valuation. Over the previous five years, earnings grew by an average of 21.47% per year. Profit growth will slow somewhat in the future but remain robust. Wall Street forecasts earnings increases of 14.3% this year and 16.4% in the next.Clearly, Visa remains a strong stock. While I do not think cash will completely disappear, more people will conduct more transactions via card. Moreover, with numerous countries in the world mostly using physical cash, Visa has the potential to maintain double-digit growth for years to come. V Stock Has Become Range-BoundThe near-term problem for V stock is its lack of traction. On July 19, I urged investors not to buy Visa stock as valuations fully reflected growth potential. Other investors seem to see what I saw. Since that day, the V stock price is just under $180 per share, representing almost no change from mid-July levels.Hence, the question for investors is what will move V stock? Will it fall over a market downturn, or will a comparatively cheap valuation finally motivate buyers?Despite the ten-plus-year length of the economic expansion, it shows no signs of recession. This is significant because it takes turmoil in the market to take V stock into correction territory. It fell briefly into a bear market in the fall 2018 stock selloff. However, before that, it had not seen a significant selloff since 2010. This makes me wonder if this plateau is the closest thing we will see to a correction.For now, valuation looks like a more likely catalyst. When I warned investors to not buy in July, the forward P/E ratio stood above 29. With that forward multiple now at 24.4, the plateau has improved the buy case for V stock. Still, its 52-week high stands at $187.05 per share. That is only around 4% lower than the current price.If it can move to the $190 per share level and stay there, V stock will likely keep moving higher. However, if we experience a downturn in the market, investors may have a chance to buy in at a lower price. For now, all investors can do is wait. The Bottom Line on Visa StockSince V stock shows little movement, investors should probably do the same. Due in large part to e-commerce, traders across the world have turned more often to using credit cards. This plays in Visa's favor as a slight majority of U.S. card transactions take place on Visa's payment network. This will also continue to make V stock a long-term winner. * 10 Monster Growth Stocks to Buy for 2019 and Beyond However, with a slightly elevated P/E ratio, Visa stock currently prices in its present and future growth. With V stock staying in place, traders have no clue as to the direction of Visa in the short term. The lack of movement effectively lowers the P/E ratio due to profit growth.Moreover, V stock has no recent history of falling significantly without a market downturn.Until Visa can break out of its current trading range, traders have little reason to buy.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Sell Before They Roll Over * 5 Beaten-Up Stocks to Buy That Could Be Saved By An Acquisition * 4 Startup Stocks Getting Smashed The post It's Finally Time to Take a Pause on Visa Stock appeared first on InvestorPlace.
NEW YORK, Nov. 6, 2019 /PRNewswire/ -- FICO WORLD 2019 -- PULSE, one of the nation's leading debit/ATM networks, recently adopted the FICO® Falcon® Platform to deliver new fraud-detection services to its network of more than 4,100 debit issuers. Collaborating with FICO, PULSE deployed enhanced fraud-detection and blocking capabilities to its issuers with customized capabilities made possible by the power of the FICO Falcon Platform. In addition to a real-time scoring deployment, PULSE and FICO built new capabilities that empowered the debit network to offer issuers greater flexibility in managing their unique portfolios and requirements through improved case-management functionality.
Adding to its long line of innovative, digital products and services, Discover today announced it will begin issuing contactless-enabled credit cards over the next several months. “Contactless technology has become increasingly popular with our cardmembers and more accepted by merchants worldwide, and we want to deliver the best shopping experience to our cardmembers,” said Szabolcs Paldy, senior vice president, marketing at Discover. “Our D-PAS technology will allow Discover cardmembers to use their contactless cards instantly at millions of merchants across the globe,” said Andrew Hopkins, senior vice president of Global Products at Discover.
Moody's upgrades ratings for SLM Corporation (SLM) on the back of its strong credit fundamentals and ability to maintain leading position in student loans market.
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...
Moody's Investors Service ("Moody's") has upgraded the long-term senior unsecured rating of SLM Corporation (SLM) to Ba1 from Ba2. As part of the same rating action, Moody's has upgraded the standalone baseline credit assessment (BCA) of SLM's bank subsidiary Sallie Mae Bank to baa3 from ba1 and the bank's long-term deposit rating to Baa1 from Baa2. In addition, Sallie Mae Bank's short-term deposit rating was confirmed at Prime-2.
AsiaPay, the leading e-Payment service and technology player in Asia, and Discover Global Network, the payments brand of Discover, announced today that AsiaPay will now offer its merchants the ability to accept Discover, Diners Club International and affiliate networks cards through PayDollar, its omni-channel payment management platform.
More millennials are aware of their credit standing in 2019 compared to 2017, according to Discover’s annual Credit Health survey. Since 2017, millennials’ awareness of their credit standing has jumped 36 points from just 57 percent to 93 percent in 2019.
Discover announced that the Zelle® Person-to-Person (P2P) experience is now available on its mobile app and online account center, allowing Discover checking, savings and money market account customers to easily send and receive money with almost any bank account in the U.S1. On the heels of removing all fees2 across its deposit products in June, Discover Bank is also participating in the Zelle Network® to provide their customers a fast and easy way to send and receive money. “Giving Discover Bank customers the ability to send and receive money between friends and family is a natural extension of our commitment to offer a seamless, full-service digital banking experience,” said Ram Subramanian, vice president of deposits at Discover.
Six months before it's even slated to launch, Quibi has sold out the entire $150 million advertising inventory for its first year. The launch partners for Jeffrey Katzenberg's mobile-first platform include Discover (NYSE: DFS), General Mills (NYSE: GIS), Taco Bell (NYSE: YUM) and T-Mobile joining previously announced advertisers Anheuser-Busch (NYSE: BUD), Google (NASDAQ: OOG), PepsiCo (NASDAQ: PEP), Progressive (NYSE: PGR), Procter & Gamble (NYSE: PG) and Walmart (NYSE: WMT).
Today, American Express, Discover, Mastercard and Visa announced the arrival of faster, more secure online checkout based on the new EMV® Secure Remote Commerce (SRC) industry standard, establishing a simplified way for card payments to be made across web and mobile sites, mobile apps and connected devices. The networks have tested SRC technology in market with issuers and merchants.
Today, Discover announced the launch of The Discover Store with Amazon – offering Discover cardmembers exclusive discounts throughout the holiday season. “This exciting endeavor aims to deliver a truly rewarding customer experience during the holiday shopping season,” said Szabolcs Paldy, senior vice president, marketing with Discover.