Visa

Visa's stock reached a new all-time high of over $414. On October 27 after the US market close, Visa will report fourth fiscal quarter results; the consensus expects about $12.09 billion in revenue and earnings per share of roughly $3.44, each representing double-digit growth year over year. Key are the trends in payment volumes and the cross-border business; strong results could further support the share price, while disappointments would be punished more harshly. » Więcej na deraktionaer.de

Oppenheimer added Visa to its top-50 buy list for large caps and removed Bank of America, Morgan Stanley, Goldman Sachs and Citigroup shortly after their quarterly reports. Visa benefits from fee revenue without credit risk and most recently posted revenue of $44.49 billion; the stock closed at a record $402.92. Technically the stock is overbought with an RSI of 74; initial support levels are around $385 and the 50-day line at $373. Risks include the high valuation of about 27 times expected earnings and a proposed bill on credit-card fees that could weaken networks; quarterly results follow on October 27. » Więcej na deraktionaer.de

Visa continues its upward trend and marks a new record high after the People’s Bank of China allowed the company to prepare for its own bank card clearing in China. The permission could enable Visa to settle transactions directly in renminbi and take a greater share of the vast Chinese market for cashless payments. Strategically, this strengthens Visa’s role as a global link between consumers, merchants and banks and expands its long-term growth potential without significant credit risks. » Więcej na deraktionaer.de