not vested
Visa
This top credit card issuer is becoming a huge leader in digital pay.
Visa Inc. (NYSE: V) is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable electronic payments.
The company operates one of the world’s most advanced processing networks, VisaNet, that is capable of handling more than 56,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants.
Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers.
Visa’s innovations, however, enable financial institution customers to offer consumers more choices: pay now with debit, pay ahead of time with prepaid or pay later with credit products.
The company posted solid earnings and the guidance was effectively raised to the high-end of the range.
Shareholders receive a 0.72% dividend. The Merrill Lynch price target was raised to $103 from $96. The consensus target is $98.48, and shares closed last Friday at $91.15.
Source: 247 Wall Street