Visa (V) Tops Q3 EPS by 3c; Approves $5B Buyback Program
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Visa (V) Bullish View Reiterated at Nomura Following Q3 Results and PayPal Deal
July 22, 2016 9:01 AM EDTNomura 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
Visa (V), PayPal (PYPL) Enter Strategic Payments Partnership
July 21, 2016 4:04 PM EDTPayPal (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
