Visa (V) CEO Scharf to Resign; Successor Named
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Union Pacific beats profit estimates on stronger pricing, resumes share buyback
- Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
- Teladoc (TDOC) Misses Q1 EPS by 3c, offers outlook
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Jefferies Remains Bullish as Visa (V) Announces CEO Resignation
October 18, 2016 8:59 AM EDTJefferies reiterated a Buy rating and $93.00 price target on Visa (NYSE: V) following the company's announcement that CEO Charlie Scharf is resigning. Mr. Scharf is being replaced by Board member Alfred Kelly, a former AXP executive. Mr. Scharf has decided to resign as... More
Wedbush Remains Sidelined as Visa (V) CEO Announces Resignation
October 18, 2016 8:14 AM EDTWedbush reiterated a Neutral rating and $77.00 price target on Visa (NYSE: V) following the company's announcement the CEO Charlie Scharf is resigning. The resignation is effective December 1st, when new CEO Alfred F. Kelly, Jr. is set to take over. Mr. Scharf informed the board of directors of this decision to... More