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- Visa tops Wall Street estimates
- Founded: 1958
- Headquarters: One Market Plaza, San Francisco, California, United States
- Number of employees: 26,500 (2022)
- Industry: Payment cards services
- Key people: Ryan McInerney (CEO), Alfred F. Kelly Jr. (Executive Chairman), Oliver Jenkyn (Group President & Global Markets), Kelly Mahon Tullier (Vice Chair & CPO), Chris Suh (CFO)
- 5 day: +1.67%
- 1 month: +4.69%
- 3 months: +17.87%
- Year-to-date: +4.71%
- 1 year: +21.32%
- Citigroup: $306
- Mizuho: $265
- KeyCorp: $300
- UBS Group: $305
- Jefferies Financial Group: $295
- BMO Capital Markets: $280
- Barclays: $278
- Raymond James: $287
- Wedbush: $270
- Oppenheimer: $252
- HSBC: $266
- JP Morgan Chase & Co.: $293
- Wells Fargo & Company: $270
- Credit Suisse Group: $275
- Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours
- Reduce your risk and hedge your existing positions ahead of a new trading day
- Extended trading hours on popular US stocks means extended opportunities
News & AnalysisThe largest financial services company in the world, Visa Inc. (NYSE: V), released the latest earnings results for Q1 of fiscal 2024 after the market closed in Wall Street on Thursday.
The US company reported revenue of $8.634 billion (up by 9% year-over-year) vs. $8.554 billion expected.
Earnings per share reported at $2.41 (up by 11% year-over-year) vs. $2.339 per share estimate.
Company overview
CEO commentary
“Our 2024 fiscal year is off to a solid start. In our first quarter, net revenues grew 9% and GAAP EPS grew 20%, driven by relatively stable growth in overall payments volume and processed transactions, plus strong growth in cross-border volume. Consumer spending remained resilient. Looking ahead, we continue to see significant opportunities across consumer payments, new flows and value added services,” CEO of Visa, Ryan McInerney, said in a press release to investors.
Stock reaction
Shares of Visa ended Thursday up by 0.35% at $272.61 a share.
The stock dipped in the after-hours by around 3% after the latest financial results were released.
Stock performance
Visa stock price targets
Visa Inc. is the 13th largest company in the world with a market cap of $560.26 billion.
You can trade Visa Inc. (NYSE: V) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform. To find out more, go to ”Trading” then select ”Share CFDs”.
GO Markets offers pre-market and after-market trading on popular US Share CFDs.
Why trade during extended hours?
Sources: Visa Inc., TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
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Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
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