141.00 +0.79 (0.56%)
Pre-Market: 6:00AM EDT
|Bid||140.00 x 1000|
|Ask||141.44 x 1400|
|Day's Range||139.83 - 141.24|
|52 Week Range||101.94 - 143.14|
|PE Ratio (TTM)||34.23|
|Forward Dividend & Yield||0.84 (0.60%)|
|1y Target Est||N/A|
Alibaba Group’s staggering initial public offering of $25 billion shattered all records and became the largest IPO ever. But how does the Alibaba number compare to other huge IPOs? Here, we've compiled a list of the 10 biggest IPOs of all time.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Consumer spending wilts in the summer heat House of Fraser ...
The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Philip Day, the retail billionaire ...
What’s known in payments-industry parlance as an interchange fee is typically divided among multiple parties and usually amounts to about 2 percent of a purchase price for a credit-card transaction and 24 cents for one with a debit card. The networks, Visa and Mastercard, sit between the consumer’s bank and the merchant’s bank and send signals back and forth that allow money to securely pass between the two. In a typical transaction, proceeds are shared by the two banks and either Visa or Mastercard.
Visa Inc. and Mastercard Inc. agreed to cut Canadian credit-card transaction fees in a move that could save smaller businesses C$250 million ($192 million) a year and crimp revenue for Canadian lenders. The U.S. companies agreed to reduce the average annual interchange rate in Canada by 10 basis points to 1.4 percent on cards, Canada’s finance department said Thursday in a statement. The government estimated that small and medium-sized businesses could save C$25,000 over the period.
Shares of fintech giants Visa Inc. ( V) and MasterCard Inc. ( MA) have increased by 39% and 56% respectively over the past year, crushing the S&P 500's rise of just 15.5%. Visa crushed analysts' earnings estimates by nearly 10% when it reported fiscal fourth-quarter results at the end of July with revenue that topped forecasts by approximately 3%. MasterCard did the same, with earnings beating estimates by nearly 9%, while revenue came in-line.
On CNBC's "Mad Money Lightning Round" , Jim Cramer said he would take profits in Crispr Therapeutics AG (NASDAQ: CRSP ). Enable Midstream Partners LP (NYSE: ENBL ) pays a good dividend, said ...
Thanks to the Republican tax plan and increasing revenues, investors are seeing a bit more green in their pockets. Momentum in iPhone sales, as well as record services revenues, helped the consumer tech giant realize a big jump in operating cash flows.
The Nasdaq was on track for a fifth straight advance Monday afternoon thanks to strength in some techs and in its newest big member, PepsiCo.
The credit card company should continue to experience market-beating returns as long as it keeps growing in these key markets around the globe.
MARKET PULSE Discover Financial Services (dfs) said Chief Executive David Nelms will step down, after 14 years in the role, as he plans to retire in early 2019. The stock was still inactive in premarket trade.
NEW YORK (AP) — One customer was a debt collector that threatened to jail people if they didn't pay back loans that they never took out. Another was an offshore gambling operation that hid bets behind innocuous-sounding websites, including one dedicated to orange cats. A third was a phone-sex business catering to men with diaper fetishes or fantasies of raping women.
In the fiscal third quarter, Visa (V) witnessed strong growth on a YoY (year-over-year) basis in all its primary business metrics: processed transactions, cross-border transactions, and payment volumes.
Visa’s (V) PE ratio is 27.30x on a next-12-month basis, which represents a premium valuation, as the industry has an average of 17.16x. In the fiscal third quarter, Visa witnessed strong momentum in payment volumes as well as in contactless transactions globally. Transport operators have been the primary drivers of the favorable response to contactless payments.
In the third quarter, Visa (V) witnessed a rise in payment volumes from the United States on a sequential basis from 10.1% to 10.5%.
Visa (V) has been making efforts to increase the use of contactless payments in the United States after experiencing a positive response from Australia as well as the United Kingdom. The company’s management expects that initially, it will take time to expand the use of contactless payments, but later on, growth will increase rapidly. Visa’s management is confident that the initial growth in contactless payments in the United States could be slow, but later on, this growth could witness strong momentum.
Visa (V) posted total payment volumes amounting to $2.1 trillion in its fiscal third quarter thanks to its strong momentum in credit transactions and growth across regions. Of its total payment volumes in the quarter, $428 billion came from the European region, implying a YoY (year-over-year) rise of 8.7% on a constant-dollar basis. Europe, being a cash-driven economy, offers significant opportunities for giant payment processors (IYF) such as Visa and Mastercard (MA).
In the second quarter, Mastercard (MA) witnessed total gross dollar volumes (or GDV) of $1.5 trillion. Excluding the United States, the company’s GDV witnessed YoY growth of 16% mainly on the back of Asia-Pacific as well as Europe. The GDV from Europe in the second quarter was $433 billion compared to $356 billion in Q2 2017.
Investors are well aware by now that big tech companies have been going through a rough patch lately that could continue for the near future. Amid all of this uncertainty in the technology sector, financial payments technology, or FinTech, may be a beacon of hope.