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INX:V, Mar 26, 11:25 UTC

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Visa's stock slips, Mastercard shares briefly see green after Apple Card announced

V MA +1 more V MA AAPL

Shares of Visa Inc. slipped into negative territory in afternoon trade Monday, in the wake of Apple Inc.'s announcement of a new credit card during the technology giant's press event. Apple said the card, which will be built into the Apple Wallet app will have no fees, including no late-payment penalty, and aims to provide low interest rates. Meanwhile, Mastercard Inc.'s stock got a brief lift into positive territory, before erasing gains to be down 0.4%, after Apple said it was partnering with Goldman Sachs and Mastercard to provide support of an issuing bank and global payments network. Visa's stock has rallied 30.5% over the past 12 months and Mastercard shares have run up 33.8%, while Apple's stock has climbed 14.0% and the Dow Jones Industrial Average has advanced 8.1%.

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  • Financial

Wednesday, March 20


News

Visa Collaborates with EMQ, Expands Cross Border Business

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Visa Inc. V has entered into partnership with EMQ, a leading cross-border settlement network in Asia, to offer cross-border remittances across Asia Pacific. Visa is eying the Asia-Pacific remittance market given the rising demand by businesses and tech-savvy individuals as these increasingly require a versatile global money movement network which can make cross-border remittances streamlined, low-cost and secure in real-time. Moreover, the remittance market in the region is fragmented which offers ample scope for growth for an established player like Visa. For Visa, the acquisition of EMQ is perfect as it will aid the company in strengthening presence in mainland China, Hong Kong, Singapore, India, Indonesia, Japan, Vietnam, Cambodia, Thailand, Taiwan and Philippines. This deal will increase Visa’s cross border business volumes, which in turn will aid International transaction revenues, which has already been on the ascent for the past several quarters. For fiscal year 2018 (ended Sep 31, 2018), Visa’s cross-border volume growth, on a constant dollar basis, was more than 10%.

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Monday, March 18


News

Were Hedge Funds Right About Visa Inc (V)?

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With the fourth-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the first quarter. Hedge funds' reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn't keep up with the unhedged returns of the market indices. Our research has shown that hedge funds' large-cap stock picks indeed failed to beat the market between 1999 and 2016. However, we were able to identify in advance a select group of hedge fund holdings that outperformed the market by 32 percentage points since May 2014 through March 12, 2019 (see the details here). Moreover, Viking Global, Arrowstreet Capital, and Akre Capital Management were also bullish on Visa Inc (NYSE:V), allocating a large percentage of their portfolios to this stock. As one would reasonably expect, specific money managers were leading the bulls' herd.

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News

Visa announces special offers for cardholders spending at the new Hudson Yards complex

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Visa Inc. said Monday that it will offer specials to cardholders who spend at the new Hudson Yards complex on New York City's west side. Hudson Yards includes a shopping and restaurant destination as well as other amenities. Launch promotions include access to a "secret menu" at the Fuku restaurant, and a private tour of the Hudson Yards Gallery. Visa cardholders can take their card to donate to Women's World Banking, which benefits low-income women entrepreneurs.

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News

Tap into Hudson Yards with Visa

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Today, Visa (NYSE:V) celebrates the opening of Hudson Yards, New York’s newest neighborhood that merges the best in culture and commerce at a must-see destination. As the Official Payment Technology Partner at Hudson Yards, Visa plans to offer Visa cardholders exclusive access to on-property experiential, retail and dining experiences. Visa will offer visitors the ability to experience the speed, convenience and security of contactless technology that can be used to tap to pay; Visa will also leverage its sponsorship of Hudson Yards to continue its support of female entrepreneurs by providing an on-site installation where visitors will be able to donate to various female-focused charities, including Women’s World Banking. “Hudson Yards is an exciting new opportunity to show domestic and international audiences the best of Visa, from payments to purpose,” said Mary Ann Reilly, Senior Vice President North America Marketing, Visa. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit https://usa.visa.com/aboutvisa/our_business.html, visacorporate.tumblr.com and @VisaNews.

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Thursday, March 14


News

U.S. considers sanctions to restrict Visa, Mastercard in Venezuela: official

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WASHINGTON (Reuters) - The United States is considering imposing financial sanctions that could prohibit Visa Inc , Mastercard Inc and other financial institutions from processing transactions in Venezuela, a senior Trump administration official said on Thursday. The sanctions would be targeted at the elite and groups loyal to Maduro, including members of the military, armed gangs and Cubans operating in Venezuela, while aiming to spare ordinary Venezuelans. "The purpose of these sanctions is to continue to deprive the illegitimate Maduro regime of access to funds and deny their ability to continue stealing from the Venezuelan people," the official said. The potential financial sanctions are modeled after similar ones imposed by the Trump's administration on Iran, North Korea, Syria and, to a lesser extent, Russia, the official said.

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News

Wedbush Incrementally Bullish On MasterCard, Visa

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Wedbush is bullish on Visa Inc (NYSE: V) and Mastercard Inc (NYSE: MA) after the credit card networks' quarterly reports. Wedbush's Moshe Katri maintained an Outperform on Visa with a price target lifted from $150 to $162. Visa has multiple growth and scale catalysts as it exits its first-quarter report, including the rise of electronic payments at the expense of cash and checks; favorable European regulations; volume growth from mobile payments; and ACH-based revenue growth opportunities, according to Wedbush. Mastercard similarly reported a top-and-bottom-line beat in a fourth-quarter print highlighted by 15-percent year-over-year revenue growth, 15-percent incentive growth, 15-percent growth in domestic assessments and 13-percent growth in cross-border volume fees, Katri said in a Thursday note.

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U.S. considering sanctions to restrict Visa, Mastercard in Venezuela -official

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U.S. considering sanctions to restrict Visa, Mastercard in Venezuela -official. WASHINGTON (Reuters) - The United States is considering imposing financial sanctions that could prohibit Visa, Mastercard and other financial institutions from processing transactions in Venezuela, a senior Trump administration official said on Thursday. "The purpose of these sanctions is to continue to deprive the illegitimate Maduro regime of access to funds and deny their ability to continue stealing from the Venezuelan people," the official said. The administration of President Donald Trump has hit Maduro's government, his political allies and Venezuela's state-owned oil company PDVSA with a series of sanctions since recognising opposition leader Juan Guaido as the country's interim president at the end of January, and has threatened further measures.

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News

Visa's stock rallies after Wedbush boosts price target

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Shares of Visa Inc. rose 1.2% in afternoon trade Thursday, after Wedbush analyst Moshe Katri got a little more bullish on the credit card and payments company, citing a "host" of growth and scale catalysts. The catalysts he expects include the "disintermediation of cash/checks by electronic payments," increasing revenue opportunities from European regulations, "hyper-growth" in mobile payments, networks' increased dominance in the payments ecosystem and automatic clearing house-related revenue growth opportunities. Katri also reiterated his outperform rating Mastercard Inc. and listed his stock price target to $235 from $220. Over the past 12 months, Visa shares have soared 25.8%, Mastercard shares have run up 27.5% and the Dow Jones Industrial Average has advanced 3.8%.

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News

Is Visa Stock Worth a Look After Setting a New All-Time High?

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Companies like Visa (NYSE:V), Mastercard (NYSE:MA) and Square (NYSE:SQ) rarely come under fire from negative outlooks, so they make for strong bets on the upside potential of equity markets. Source: Kārlis Dambrāns via Flickr. Fintech offers the best of both words in the financial sector: They are prone to rallies and not considered dead money like bank stocks. When it comes to Visa stock specifically, it rallies similar to the Nasdaq Invesco QQQ Trust (NASDAQ:QQQ) and outperforms the Financial Select Sector SPDR ETF (NYSEARCA:XLF). In fact, yesterday, it set a new all-time high while the S&P 500 is still struggling to breach last year’s neckline battle zones. Over the span of years, I don’t need to be surgical with my entry points. If the stock market is higher later, then so is Visa. For that purpose, even though V stockis at all-time highs, it is not expensive.

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