|Bid||128.33 x 200|
|Ask||128.37 x 100|
|Day's Range||127.93 - 128.84|
|52 Week Range||92.03 - 128.84|
|PE Ratio (TTM)||33.52|
|Dividend & Yield||0.88 (0.69%)|
|1y Target Est||N/A|
US credit card companies like Visa, MasterCard and American Express will submit requests for licenses to operate in China within months. Yahoo Finance’s Alexis Christoforous and Andy Serwer take a look at the new expansion.
U.S.-based payment card companies, including American Express (AXP.N), MasterCard (MA.N) and Visa (V.N), are preparing to submit license requests to operate in China within months, according to three people with direct knowledge of the matter. The move comes against a backdrop of growing economic friction between China and the United States, after the two countries failed on Wednesday to agree on major new steps to reduce the U.S. trade deficit with China. U.S. payment network operators have been waiting for more than a decade to get access to China.
On Thursday, we’ll find out how much progress Visa Inc (NYSE:V) made during the third quarter when it announces earnings after the markets close. Analysts expect earnings per share of $81 cents, 17% higher than a year earlier, on revenue of $4.36 billion, 20% greater than in Q3 2016. Visa stock is getting awfully close to the sun trading within a few basis points of $97.75, its all-time high.