Visa Inc (NYSE:V) reported on Thursday a stronger results for the quarter as e-commerce transactions, which is mainly card-based, proved to be “extraordinarily strong during the holiday season.” Total volume for Visa card transactions grew to $1.90 trillion from $1.84 trillion. Lower oil prices, along with a stronger U.S. job market, factored in higher consumer…
Cramer’s Favorite Financial Picks: Federal Realty Investment Trust (FRT), Bank of America Corp (BAC), Visa Inc (V)
Federal Realty Investment Trust (NYSE:FRT), Bank of America Corp (NYSE:BAC), Visa Inc (NYSE:V) are among the top financial stock picks of Jim Cramer and he has mentioned each of these stocks at least thrice in the last 30 days. Cramer mentioned Federal Realty Investment Trust (NYSE:FRT) in his lighting round of Mad Money. He has…
Visa Inc (V) Facing Lawsuit From Discover Financial Services (DFS) Over Its Debit-Card Policies
Visa Inc (NYSE:V), the world’s largest card issuer, is facing legal challenge from Discover Financial Services (NYSE:DFS) over its anti-competitive debit card practices. The debit card network company is seeking settlements for loss of profits caused by Visa’s debit-card practices. According to the lawsuit filed by Discover Financial Services, Visa is “undertaking illegal behavior to…
Visa Inc (V) May Need $10 Billion to Purchase Visa Europe
Visa Inc (NYSE:V), the leading payments company all over the world, may be needing an amount of up to $10 billion to acquire Visa Europe in case its owners decide to sell it. In a report by Bloomberg , it is indicated that the yearly regulatory filing of Visa Inc (NYSE:V) noted its plan to…
Berkshire Hathaway Inc. (BRK.A) Boosts Investment In DIRECTV (DTV), Visa Inc (V), Charter Communications, Inc. (CHTR), General Motors Company (GM)
The recent SEC 13F filing of Warrant Buffet’s Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) has shown heightened investments in DIRECTV (NASDAQ:DTV), Visa Inc (NYSE:V), Charter Communications, Inc. (NASDAQ:CHTR), General Motors Company (NYSE:GM). The investment firm filed its third quarter updates yesterday and the firm has current stock portfolio of $107.8 billion, as per its SEC filing.…
Visa Inc (V), Mastercard Inc (MA) and American Express Company (AXP) Might Benefit From Apple Pay
The release of Apple Inc’s iPhone 6 variations on September 9th is expected to drastically change how people shop. This is because Apple Inc. released a new payment method called Apple Pay, which is expected to substantially reduce the use of plastic cards issued by Visa Inc (NYSE:V), Mastercard Inc (NYSE:MA), American Express Company (NYSE:AXP),…
Apple Inc. (AAPL) Said to Introduce Mobile Wallet in iPhone 6 by partnering with Visa Inc (V), Mastercard Inc (MA), and American Express Company (AXP)
The long awaited launch of iPhone 6 set for September 9 is expected to usher in iWallet after Apple Inc. (NASDAQ:AAPL) partnered with some payment networks and banks to create a mobile wallet in the new iPhone. Top of the list are Visa Inc (NYSE:V), Mastercard Inc (NYSE:MA), and American Express Company (NYSE:AXP), which are…