Visa (V) Tops Q3 EPS by 3c; Approves $5B Buyback Program
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July 22, 2016 9:01 AM EDT
Nomura Securities analyst Bill Carcache reiterated Buy rating and $91 price target on Visa (NYSE: V) following results and the PayPal deal.
Carcache commented, "V reported GAAP EPS of $0.17. Excluding significant items primarily related to Visa Europe and FX (~$0.52 per share), we... More
July 21, 2016 4:04 PM EDT
PayPal (Nasdaq: PYPL) and Visa (NYSE: V) announced a U.S. strategic partnership that will result in an improved and more seamless payment experience for Visa cardholders and will offer greater choice in how consumers pay with the PayPal and Venmo wallets.
The partnership puts PayPal and Visa on a new path, with the companies working more collaboratively to accelerate the adoption of safe, reliable and convenient digital payments for consumers and merchants. Further, the arrangement is designed to carry significant benefits for issuing financial institutions, acquirers, and merchants.... More
