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Bollard Group LLC grew its stake in Visa Inc. (NYSE:V – Free Report) by 22.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,929 shares of the credit-card processor’s stock after purchasing an additional 5,831 shares during the period. Bollard Group LLC’s holdings in Visa were worth $9,650,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in V. Vanguard Group Inc. boosted its stake in shares of Visa by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 160,975,832 shares of the credit-card processor’s stock valued at $56,455,834,000 after purchasing an additional 1,054,343 shares in the last quarter. State Street Corp increased its stake in shares of Visa by 0.8% in the fourth quarter. State Street Corp now owns 82,798,151 shares of the credit-card processor’s stock valued at $29,038,140,000 after buying an additional 626,821 shares during the period. Geode Capital Management LLC raised its holdings in Visa by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 44,042,586 shares of the credit-card processor’s stock valued at $15,411,395,000 after buying an additional 388,996 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Visa by 1.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,092,294 shares of the credit-card processor’s stock valued at $14,411,480,000 after buying an additional 716,218 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Visa by 1.7% during the 4th quarter. Bank of America Corp DE now owns 23,835,336 shares of the credit-card processor’s stock worth $8,359,291,000 after buying an additional 398,459 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets V has been the topic of a number of research reports. BMO Capital Markets reissued an “outperform” rating and set a $387.00 target price (up from $375.00) on shares of Visa in a report on Wednesday, July 15th. Robert W. Baird set a $412.00 price target on shares of Visa and gave the stock an “outperform” rating in a report on Monday, July 6th. Piper Sandler started coverage on Visa in a report on Monday, June 29th. They issued an “overweight” rating and a $394.00 price objective for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 target price on shares of Visa in a research report on Wednesday, April 29th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $450.00 target price on shares of Visa in a report on Tuesday, June 2nd. Eight analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $399.41.

View Our Latest Report on Visa

Visa Trading Up 1.0% NYSE V opened at $355.29 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64. The business has a fifty day simple moving average of $337.58 and a 200 day simple moving average of $325.34. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $365.14. The firm has a market capitalization of $637.31 billion, a P/E ratio of 30.95, a PEG ratio of 1.87 and a beta of 0.75.

Visa (NYSE:V – Get Free Report) last posted its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.21. The firm had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. The business’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.76 EPS. On average, analysts predict that Visa Inc. will post 13.13 EPS for the current fiscal year.

Visa Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Visa’s dividend payout ratio is currently 23.34%.

Visa announced that its Board of Directors has approved a stock repurchase program on Tuesday, April 28th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the credit-card processor to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Activity at Visa In other news, CFO Chris Suh sold 10,639 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the completion of the sale, the chief financial officer directly owned 9,872 shares of the company’s stock, valued at $3,206,524.32. This trade represents a 51.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 10,490 shares of Visa stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $343.99, for a total value of $3,608,455.10. Following the sale, the chief executive officer owned 15,174 shares in the company, valued at $5,219,704.26. The trade was a 40.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 75,581 shares of company stock valued at $25,627,975. 0.12% of the stock is owned by insiders.

Visa News Roundup Here are the key news stories impacting Visa this week:

Positive Sentiment: Truist Financial raised its price target on Visa to $394 from $371 and reiterated a buy rating, signaling more upside as analysts remain constructive on the stock. Positive Sentiment: BNP Paribas Exane upgraded Visa, adding to the bullish analyst momentum around the company’s earnings outlook and business fundamentals. Positive Sentiment: Several reports suggest Visa could deliver another “business as usual” earnings beat next week, supported by resilient consumer credit demand, strong payment volumes, and ongoing digital payments growth. Positive Sentiment: Visa also continues to announce new partnerships, including embedded-finance and agentic-commerce initiatives with Airwallex and Lianlian, which highlight continued expansion opportunities in business-to-business and next-generation payments. Neutral Sentiment: Market commentary comparing Visa and Mastercard favorably to American Express after AMEX’s post-earnings selloff may be helping keep Visa steady, but it is more of an industry read-through than a company-specific catalyst. Neutral Sentiment: Visa is also drawing attention as a “wide-moat” stock, reflecting its durable competitive position, though that is mainly a long-term quality argument rather than a fresh near-term driver. Visa Profile (Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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Key Takeaways Strong cash flows reflect financial stability.Those with strong cash-generating abilities often pay solid, stable dividends. Both AAPL and V have historically displayed strong cash flows, with each also reporting soon. Strong cash flows reflect financial stability, allowing companies to pay down debt, pursue growth opportunities, and shell out dividend payments.

These companies are also better equipped to weather downturns, providing another beneficial advantage for investors from a long-term standpoint.

And for those seeking cash-generating machines, two companies  – Visa (V - Free Report) & Apple (AAPL - Free Report) – fit the criteria nicely, with each also on the reporting schedule in the coming days.  Let’s take a closer look at how each currently stacks up.

Apple

Apple has long been a cash-generating machine, providing many benefits over the years, including higher dividend payouts. In fact, Apple has paid higher dividends for 13 consecutive years, owing to its shareholder-friendly nature.  

Shares yield a modest 0.4% annually, though the company’s 5.0% five-year annualized dividend growth helps bridge the gap. On a trailing twelve-month basis, the tech titan has generated a massive $129.1 billion in free cash flow.

EPS and sales revisions for the upcoming release have risen over the last several months heading into the release, showing a high level of stability.

Image Source: Zacks Investment Research

Visa

Visa has similarly sported a long-established reputation of generating huge amounts of cash, with its overall defensive qualities also a big positive of the stock. The company is well on its way to becoming a Dividend Aristocrat, upping its payouts for roughly 17 consecutive years.

Shares yield a respectable 0.8% annually at the present, with Visa also sporting a sizable 16.3% five-year annualized dividend growth rate. The financial titan has generated $21.2 billion in free cash flow over the trailing twelve months.

The outlook heading into the release is positive, with both EPS and sales expectations trending higher over recent months.

Image Source: Zacks Investment Research

Bottom Line

Companies with strong cash-generating abilities are great targets, as they have plenty of cash to fuel growth, pay out dividends, and easily wipe out debt. And as mentioned above, these companies are better equipped to handle an economic downturn, undeniably a positive.

For those seeking cash-generators, both companies above – Visa (V - Free Report) and Apple (AAPL - Free Report) – fit the criteria nicely, with each also on the reporting docket in the coming days. EPS and sales revisions for each has remained positive over recent months, providing a nice level of positivity and stability as we inch closer.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

By PYMNTS  |  July 23, 2026

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Visa and Airwallex are joining forces to develop embedded-finance solutions for freight and shipping platforms.

The collaboration, announced Thursday (July 23) is designed to modernize the way businesses in these sectors manage payments working capital and cross-border commerce.

“Freight and shipping are fundamental to the global economy, yet many businesses continue to operate with payment processes that are fragmented, manual and inefficient,” Alessandro Figueroa, head of new verticals and partnerships for Visa Commercial Solutions in Europe, said in a news release.

“As digital freight platforms continue to scale, there is a growing need for financial solutions that can be embedded seamlessly into existing workflows without creating additional complexity. By combining Visa’s commercial payments expertise with Airwallex’s technology platform, we’re helping bring new solutions to market quickly, enabling platforms to simplify payments, improve working capital and deliver greater value to the businesses they serve.”

According to the release, the partnership will focus on solutions built for the “realities of freight and shipping,” with the goal of letting platforms embed payment and financial capabilities into freight workflows, helping customers access working capital and move funds more efficiently.

“Cash sitting in limbo while payments clear across borders is capital that should be funding the next shipment, not stuck in transit,” said Christos Chamberlain, general manager for U.K. and Europe at Airwallex.

“Reputations are built on reliability – can you get the container there, on time, every time. Payments need to work the same way.”

The partnership is happening as many businesses are increasing their investment in embedded finance solutions, according to the recent PYMNTS Intelligence and Green Dot collaboration “The Embedded Finance Scale Factor: How Firm Size Shapes Strategy, Technology and Partnership Decisions.”

The decision to invest, however, is increasingly determined by size, with nearly 79% of companies with annual revenue between $250 million and $1 billion — middle market firms — saying they planned to upgrade their embedded finance capabilities in the next 12 months.

That’s compared to the 63% of businesses generating more than $1 billion in yearly revenue who expect to make similar upgrades.

“That enthusiasm reflects a broader reality,” PYMNTS wrote last month. “Many middle market firms have moved beyond experimenting with embedded payments and lending tools but have not yet reached the scale where operating models, governance structures and technology strategies are fully settled. As a result, they face difficult decisions about whether to continue building capabilities internally or consolidate around outside partners.”

Analysts on Wall Street project that Visa (V - Free Report) will announce quarterly earnings of $3.23 per share in its forthcoming report, representing an increase of 8.4% year over year. Revenues are projected to reach $11.37 billion, increasing 11.8% from the same quarter last year.

Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.

That said, let's delve into the average estimates of some Visa metrics that Wall Street analysts commonly model and monitor.

It is projected by analysts that the 'Revenues- Service revenue' will reach $4.85 billion. The estimate indicates a year-over-year change of +12%.

The consensus among analysts is that 'Revenues- Data processing revenue' will reach $5.86 billion. The estimate indicates a year-over-year change of +13.6%.

Analysts forecast 'Revenues- Other revenue' to reach $1.31 billion. The estimate points to a change of +27.5% from the year-ago quarter.

The average prediction of analysts places 'Revenues- International transaction revenue' at $3.92 billion. The estimate suggests a change of +7.9% year over year.

The combined assessment of analysts suggests that 'End of Period Connections - Total transactions' will likely reach 71.46 billion. The estimate is in contrast to the year-ago figure of 65.44 billion.

Based on the collective assessment of analysts, 'Payments volume - Total' should arrive at $3934.73 billion. Compared to the current estimate, the company reported $3618.00 billion in the same quarter of the previous year.

Analysts predict that the 'Total volume' will reach $4557.96 billion. The estimate is in contrast to the year-ago figure of $4250.00 billion.

Analysts expect 'Payments volume - Asia pacific' to come in at $530.21 billion. The estimate compares to the year-ago value of $509.00 billion.

Analysts' assessment points toward 'Payments volume - Canada' reaching $116.57 billion. The estimate compares to the year-ago value of $110.00 billion.

According to the collective judgment of analysts, 'Payments volume - U.S.' should come in at $1895.31 billion. Compared to the present estimate, the company reported $1766.00 billion in the same quarter last year.

The consensus estimate for 'Payments volume - CEMEA' stands at $246.25 billion. The estimate is in contrast to the year-ago figure of $219.00 billion.

The collective assessment of analysts points to an estimated 'Payments volume - Europe' of $868.35 billion. The estimate compares to the year-ago value of $774.00 billion.

View all Key Company Metrics for Visa here>>>

Over the past month, shares of Visa have returned +6.4% versus the Zacks S&P 500 composite's +0.4% change. Currently, V carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Let's take a look at what these Wall Street heavyweights have to say about Visa (V - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.

Visa currently has an average brokerage recommendation (ABR) of 1.29, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 41 brokerage firms. An ABR of 1.29 approximates between Strong Buy and Buy.

Of the 41 recommendations that derive the current ABR, 33 are Strong Buy and four are Buy. Strong Buy and Buy respectively account for 80.5% and 9.8% of all recommendations.

Brokerage Recommendation Trends for V

Check price target & stock forecast for Visa here>>>

While the ABR calls for buying Visa, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.

Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.

In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.

With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.

Zacks Rank Should Not Be Confused With ABRAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.

Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.

On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.

Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.

Is V a Good Investment?In terms of earnings estimate revisions for Visa, the Zacks Consensus Estimate for the current year has increased 0.2% over the past month to $13.13.

Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Visa. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Therefore, the Buy-equivalent ABR for Visa may serve as a useful guide for investors.

Arvest Bank Trust Division increased its stake in shares of Visa Inc. (NYSE:V – Free Report) by 620.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 11,001 shares of the credit-card processor’s stock after purchasing an additional 9,475 shares during the period. Arvest Bank Trust Division’s holdings in Visa were worth $3,325,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Blacksheep Fund Management Ltd increased its position in shares of Visa by 108.7% in the first quarter. Blacksheep Fund Management Ltd now owns 100,710 shares of the credit-card processor’s stock worth $30,439,000 after purchasing an additional 52,460 shares during the last quarter. Alesco Advisors LLC An ESL Co grew its holdings in shares of Visa by 139.7% in the first quarter. Alesco Advisors LLC An ESL Co now owns 8,013 shares of the credit-card processor’s stock worth $2,422,000 after purchasing an additional 4,670 shares during the last quarter. Acumen Wealth Advisors LLC raised its stake in shares of Visa by 8.6% during the first quarter. Acumen Wealth Advisors LLC now owns 17,467 shares of the credit-card processor’s stock valued at $5,279,000 after acquiring an additional 1,384 shares during the last quarter. Saturna Capital Corp lifted its stake in Visa by 36.5% in the first quarter. Saturna Capital Corp now owns 1,869 shares of the credit-card processor’s stock worth $565,000 after acquiring an additional 500 shares during the period. Finally, Investidor Profissional Gestao de Recursos Ltda. increased its position in shares of Visa by 57.0% during the first quarter. Investidor Profissional Gestao de Recursos Ltda. now owns 47,995 shares of the credit-card processor’s stock valued at $14,506,000 after buying an additional 17,420 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets Several research firms have commented on V. Morgan Stanley reissued an “overweight” rating and issued a $415.00 target price on shares of Visa in a report on Wednesday, April 29th. BMO Capital Markets reiterated an “outperform” rating and issued a $387.00 price objective (up from $375.00) on shares of Visa in a research note on Wednesday, July 15th. Raymond James Financial reissued an “outperform” rating and issued a $389.00 target price on shares of Visa in a report on Wednesday, April 29th. Loop Capital began coverage on Visa in a research note on Tuesday, March 31st. They issued a “buy” rating and a $387.00 price objective for the company. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 price objective on shares of Visa in a report on Wednesday, April 29th. Seven investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $398.36.

Check Out Our Latest Stock Analysis on Visa

Insider Activity In related news, CEO Ryan Mcinerney sold 31,455 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total transaction of $10,699,103.70. Following the sale, the chief executive officer owned 15,174 shares of the company’s stock, valued at $5,161,284.36. This trade represents a 67.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $360.00, for a total transaction of $729,720.00. Following the transaction, the general counsel owned 18,404 shares of the company’s stock, valued at approximately $6,625,440. This trade represents a 9.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 75,581 shares of company stock worth $25,627,975. 0.12% of the stock is currently owned by company insiders.

Visa Stock Performance Shares of Visa stock opened at $355.94 on Wednesday. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $365.14. The stock’s fifty day moving average is $335.74 and its two-hundred day moving average is $325.08. The company has a market capitalization of $638.47 billion, a PE ratio of 31.00, a price-to-earnings-growth ratio of 1.92 and a beta of 0.75. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.64.

Visa (NYSE:V – Get Free Report) last issued its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.21. The business had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.76 EPS. As a group, analysts expect that Visa Inc. will post 13.13 earnings per share for the current year.

Visa Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 12th. Visa’s dividend payout ratio is presently 23.34%.

Visa declared that its Board of Directors has authorized a stock buyback program on Tuesday, April 28th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the credit-card processor to buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Visa Company Profile (Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

Further Reading Five stocks we like better than Visa Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible

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An employee walks past a company logo at Northern Trust offices in London, Britain August 1, 2019. REUTERS/Toby Melville Purchase Licensing Rights, opens new tab

July 22 (Reuters) - Northern Trust (NTRS.O), opens new tab reported an 88% jump in second-quarter profit on Wednesday, helped by a one-time ​gain tied to the Visa share exchange ‌offer, along with strong fee income from asset management and robust capital markets activity.

U.S. stock markets rallied sharply ​during the April-June quarter as optimism grew over ​corporate earnings and AI-linked stocks as investors ⁠looked beyond the volatility sparked by the conflict ​in the Middle East.

Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here.

Here are some more details:

Northern ​Trust's assets under custody and administration climbed 11% to $20 trillion in the quarter ended June 30 from a year ago, while assets ​under management grew 16% to $1.97 trillion.

Trust, investment and ​other servicing fee income rose 10% to $1.35 billion. Fees from managing ‌client ⁠assets are the company's main source of revenue.

Chicago, Illinois-based Northern Trust offers wealth management, asset management and banking services to institutions and wealthy individuals.

The results ​mirror those ​of peer ⁠BNY (BNY.N), opens new tab and State Street (STT.N), opens new tab.

Northern's second-quarter results included a $525.4 million (pre-tax) gain linked to its ​participation in the second Visa exchange ​offer.

Northern's net ⁠income rose to $792.2 million, or $4.23 per share, in the second quarter, from $421.3 million, or $2.13 per share, a year ⁠earlier.

However, ​excluding notable items, earnings per share increased ​40%, supported by robust fee growth and healthy capital markets activity.

Reporting ​by Pragyan Kalita in Bengaluru; Editing by Shreya Biswas

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Po týdnech zvýšené volatility v sektoru umělé inteligence hledají investoři čím dál častěji příležitosti mimo nejpopulárnější technologické tituly. Analytici Goldman Sachs proto sestavili seznam společností, které mohou nabídnout atraktivní růst bez přímé závislosti na AI boomu. Mezi favority zařadili firmy těžící ze silných spotřebitelských výdajů, rozmachu cestovního ruchu, zábavního průmyslu či finančních služeb, ale také kvalitní společnosti, jejichž ocenění podle banky neodpovídá jejich fundamentům.

Goldman Sachs se zaměřil na akcie mimo sektor s umělou inteligencí poté, co s ním týdny zmítá volatilita. „Zatímco mnoho správců fondů si zachovalo býčí fundamentální pohled na komplex AI infrastruktury, nedávná volatilita ztížila držení tohoto názoru,“ napsali analytici Goldman Sachs v čele s Benem Sniderem po pátečním uzavření trhu. „Také naše rozhovory s investory se točily kolem výzvy najít investiční příležitosti, které nejsou spojeny s umělou inteligencí.“

Goldman Sachs se tak zaměřil na alternativní investiční témata, mezi nimiž jsou společnosti vázané na spotřebitelské výdaje a vysoce ziskové společnosti obchodované s výraznými slevami. V tabulce, kterou sestavila CNBC, najdete pět společností z obou těchto skupin:

Sázky na štědré výdaje spotřebitelů

Formula One Group Series, akcie vlastněné společností Liberty Media, odrážejí ekonomický zájem o komerční provoz mistrovství světa Formule 1 FIA. Morgan Stanley začátkem tohoto měsíce znovu označila Formuli 1 za nejlepší volbu s cílovou cenou 120 dolarů (což implikuje 21% nárůst oproti pondělnímu uzavření). Analytik Sean Differley označil tento sport za „nedostatečně monetizovaný“ a zdůraznil růstové příležitosti v USA a Číně. Podle údajů LSEG ji 11 ze 13 analytiků, kteří se zabývají Formulí 1, hodnotí doporučením nákup nebo silný nákup.

Live Nation se dostal mezi tipy Goldman Sachs, protože poptávka po živých akcích nadále roste. UBS ve zprávě zveřejněné v pondělí zvýšila cílovou cenu pro Live Nation na 208 dolarů, což naznačuje 15% růst. „Očekáváme, že poptávka po živých akcích zůstane celosvětově silná s dvojciferným růstem fanoušků,“ napsal analytik UBS Batya Levi.

U Walt Disney má 36 analytiků ze 40 doporučení „koupit“ s průměrnou cílovou cenou 129 USD, což naznačuje potenciální zhodnocení o 34 %. Příjmy z reklamy by mělo podpořit jak fotbalové mistrovství světa, tak vyšší výdaje na politické kampaně. Pokles příjmů z tradiční televizní distribuce se zmírňuje díky pomalejšímu odlivu předplatitelů placené televize a ziskovost streamovacích platforem se dále zlepšuje. Na druhou stranu investory znepokojuje konsolidace v tomto sektoru i dlouhodobé dopady AI.

Las Vegas Sands doporučuje 15 analytiků z 21 kupovat s průměrnou 12měsíční cílovou cenou 65,4 USD, což naznačuje potenciál růstu o 44 %. Investice společnosti Sands do neherních aktivit v Macau a Singapuru by měly podpořit návratnost vloženého kapitálu. Oživení cestovního ruchu vedlo k růstu návštěvnosti i příjmů z masového a VIP segmentu. A rozhodnutí Sands upřednostnit návrat kapitálu akcionářům namísto snahy o získání licence v New Yorku se projevilo navýšením programu zpětného odkupu akcií o 1,3 miliardy dolarů a zvýšením dividendy o 20 %.

U hotelového řetězce Marriott International v pátek Morgan Stanley zvýšila cenový cíl z 353 dolarů na 380 dolarů, což oproti pondělnímu uzavření obchodu znamená nárůst o přibližně 4 %. „Společnost Marriott za posledních 10 let transformovala své podnikání, zbavila se vlastněných nemovitostí, odkoupila časově sdílená aktiva a změnila manažerské smlouvy tak, aby byly variabilnější,“ napsal analytik Morgan Stanley Stephen Grambling. „Domníváme se, že tyto změny dramaticky snižují cykličnost, což by mělo vést k dalšímu přehodnocení ratingu.“

Zlevněné hvězdy

Výrobce zařízení pro sledování hladiny cukru v krvi Dexcom vstupuje do výsledkové sezony s potenciálem pozitivního překvapení, domnívá se Bloomberg. Silná adopce senzoru G7 15 Day, růst dodávek a možné získávání podílu na trhu vytvářejí prostor pro překonání odhadů i případné zvýšení výhledu. Z 27 analytiků, kteří akcii pokrývají, jich má 24 nákupní doporučení. Průměrná cílová cena 86 USD naznačuje růst o 15 %.

Akcie MSCI nabízejí podle Goldmanů silný růst zisků, když jejich návratnost v poslední době zaostávala a nyní se obchodují „s velkou slevou“. Jefferies ji začala sledovat s doporučením nákup a stanovila u ní cenový cíl 760 dolarů, což znamená téměř 22% růst oproti pondělnímu uzavření. Analytik Surinder Thind uvedl, že tento globální poskytovatel indexů je obzvláště atraktivní díky „silné konkurenční výhodě, rozšiřování klientské základny, rostoucí expozici na soukromé trhy, viditelně opakujícím se výnosům a omezenému riziku narušení umělé inteligence“.

U Visy má 48 analytiků, kteří tuto platební společnost pokrývá, 46 nákupní doporučení, přičemž průměrná cílová cena se pohybuje o 14 % nad současnou tržní cenou. Rozdělení platebního ekosystému Visy na samostatné služby by jí mohlo zvýšit výnosy na více než 15,4 miliardy dolarů do roku 2027 oproti 10,8 miliardám dolarů v roce 2025. Tyto služby by tak tvořily přibližně 31 % celkových tržeb společnosti. Přestože tato strategie může působit riskantně, mohla by tím rozšířit své postavení napříč alternativními platebními řešeními, jako jsou digitální peněženky, domácí platební schémata nebo převody z účtu na účet.

Stavební společnost Sterling Infrastructures pokrývá jen 8 analytiků, zato všichni u ní mají nákupní doporučení s průměrnou cílovou cenou 953 USD, což naznačuje růst o 37 %. Firma má ale zároveň velmi silnou divizi E-Infrastructure Solutions, která se zaměřuje na specializovanou infrastrukturní výstavbu pro kritická odvětví a která by si mohla zapsat raketový růst díky boomu AI infrastruktury. I přes pokles v posledních týdnech si tato akcie za letošní rok připsala již 118% růst. Hlavním omezením dalšího růstu nebudou zakázky ani poptávka, ale výrobní a realizační kapacity společnosti. Společnost zakončila první čtvrtletí roku 2026 s čistou hotovostí 224 milionů USD a nadále stabilně generuje silný cash flow.

Booking sleduje 41 analytiků, přičemž 39 z nich ho doporučuje nakupovat s průměrnou cílovou cenou 221 USD, která by mohla vynést dalších 24 %. Poptávka po cestování zůstává navzdory ekonomickým a geopolitickým výkyvům velmi odolná. Zároveň firma intenzivně investuje do AI, kterou chce využít při plánování cest, personalizaci nabídek i zákaznické podpoře, aby si udržela konkurenceschopnost v rychle se měnícím prostředí cestovního ruchu.

Wall Street expects a year-over-year increase in earnings on higher revenues when Visa (V - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 28. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis global payments processor is expected to post quarterly earnings of $3.23 per share in its upcoming report, which represents a year-over-year change of +8.4%.

Revenues are expected to be $11.35 billion, up 11.6% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.4% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Visa?For Visa, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.12%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination indicates that Visa will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Visa would post earnings of $3.09 per share when it actually produced earnings of $3.31, delivering a surprise of +7.12%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Visa appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Baader Bank Aktiengesellschaft decreased its stake in shares of Visa Inc. (NYSE:V – Free Report) by 22.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,670 shares of the credit-card processor’s stock after selling 6,490 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Visa were worth $6,728,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Visa by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 160,975,832 shares of the credit-card processor’s stock worth $56,455,834,000 after purchasing an additional 1,054,343 shares in the last quarter. State Street Corp boosted its stake in Visa by 0.8% during the 4th quarter. State Street Corp now owns 82,798,151 shares of the credit-card processor’s stock valued at $29,038,140,000 after purchasing an additional 626,821 shares in the last quarter. Geode Capital Management LLC boosted its stake in Visa by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 44,042,586 shares of the credit-card processor’s stock valued at $15,411,395,000 after purchasing an additional 388,996 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Visa by 1.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,092,294 shares of the credit-card processor’s stock valued at $14,411,480,000 after purchasing an additional 716,218 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Visa by 1.7% during the 4th quarter. Bank of America Corp DE now owns 23,835,336 shares of the credit-card processor’s stock valued at $8,359,291,000 after purchasing an additional 398,459 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets In other Visa news, CEO Ryan Mcinerney sold 31,455 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total transaction of $10,699,103.70. Following the sale, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at $5,161,284.36. The trade was a 67.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total value of $3,455,653.59. Following the completion of the sale, the chief financial officer owned 9,872 shares of the company’s stock, valued at $3,206,524.32. The trade was a 51.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 75,581 shares of company stock worth $25,627,975. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes Several analysts have recently weighed in on the company. Sanford C. Bernstein restated an “outperform” rating and issued a $450.00 price objective on shares of Visa in a report on Tuesday, June 2nd. Morgan Stanley reaffirmed an “overweight” rating and set a $415.00 target price on shares of Visa in a report on Wednesday, April 29th. Loop Capital started coverage on shares of Visa in a report on Tuesday, March 31st. They issued a “buy” rating and a $387.00 price target for the company. Truist Financial set a $371.00 price objective on shares of Visa and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Citigroup lowered their price objective on shares of Visa from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Seven research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Visa has a consensus rating of “Buy” and a consensus target price of $398.36.

Get Our Latest Research Report on V

Visa Stock Performance Shares of V opened at $361.25 on Tuesday. The company has a 50-day moving average of $335.15 and a two-hundred day moving average of $325.05. The stock has a market cap of $648.00 billion, a price-to-earnings ratio of 31.47, a PEG ratio of 1.91 and a beta of 0.75. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09. Visa Inc. has a one year low of $293.89 and a one year high of $365.14.

Visa (NYSE:V – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.21. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. The firm’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.76 earnings per share. On average, equities research analysts expect that Visa Inc. will post 13.11 earnings per share for the current year.

Visa announced that its Board of Directors has initiated a stock repurchase program on Tuesday, April 28th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the credit-card processor to purchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Visa Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, May 12th. Visa’s payout ratio is presently 23.34%.

About Visa (Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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Stablecoins were supposed to make payment networks less necessary. Visa’s new stablecoin platform, introduced Thursday (July 16), suggests a messier outcome.

The move comes on the heels of Visa’s June announcement that it had joined a 140-plus member Open Standard consortium to launch Open USD (OUSD), a dollar-backed stablecoin.

The technical act of transferring a stablecoin is relatively simple. The institutional act of operating with one is not. In a future that progresses linearly from now, stablecoins may not bypass the networks after all. They may become another product the networks package, govern and monetize.

Visa’s new Visa Stablecoin Platform (VSP), now in beta with select clients, gives financial institutions, FinTechs and crypto companies a single managed environment for minting, redeeming, holding and transferring stablecoins. The platform initially supports Open USD and includes wallet infrastructure, bank-account connectivity and institutional controls such as dual approvals, audit logs, secure passkeys and transfer allow lists.

The immediate product pitch is about simplifying stablecoin adoption. The more consequential strategic move is that Visa is positioning itself to manage the operating environment around on-chain money, even when the underlying value no longer travels through a conventional card transaction.

Blockchains provide the settlement rail. Stablecoins provide the digital asset. But neither automatically provides the permissions, workflows, reporting and interoperability that regulated businesses need. Those functions sit above the blockchain, and Visa is attempting to turn them into a managed service.

See also: Nobody Told the ERP That Blockchain Won 

The Real Product Is Not the Stablecoin, It’s the Reconciliation Much of the early stablecoin market was organized around individual issuers, wallets and networks. Institutions had to choose an asset, select one or more blockchains, arrange custody or wallet infrastructure and assemble the compliance and fiat connections around them. That fragmentation created an adoption problem. The more stablecoin and blockchain options emerged, the more integration decisions an institution had to make.

Fast forward to today, and stablecoins may change how money moves without substantially changing who makes that movement usable. Stripe’s failed bid for PayPal had a similar strategic element to Visa’s VSP launch in that the acquisition, had it been successful, aimed to abstract away the infrastructure around stablecoin payments then ultimately sell the resulting capability to businesses and merchants.

A bank or FinTech can’t just go ahead and create a wallet, buy digital dollars and begin moving corporate liquidity across a blockchain. It must determine who has authority to initiate a transaction, who must approve it, which destinations are permitted, how private credentials are protected and how every action will be reconstructed for compliance teams, auditors and regulators. To do that, the bank or fintech must also connect any blockchain activity to bank accounts, treasury systems, liquidity controls and existing accounting processes.

These less glamorous requirements are becoming a potentially valuable enterprise software category.

Read more: Open USD Just Turned the Stablecoin Race Into an Ecosystem Contest

Payment Networks Can Sit Above Everyone Else’s Blockchain Rails The stablecoin debate has often been framed as a competition between legacy payment infrastructure and blockchain-based alternatives. Visa’s platform suggests the lines may be less distinct. The winning stablecoin infrastructure is likely to be the infrastructure that makes the underlying asset and blockchain least visible to the institution using them. This is also something that industry experts have separately and repeatedly stressed in conversation with PYMNTS.

Established payment companies can adopt blockchain settlement while retaining control over the customer relationship, compliance framework and operating interface. Crypto firms can gain access to institutional clients without having to recreate the global distribution and risk-management capabilities of a major network.

The result could be less disruption than recombination.

Tempo Go-To-Market Lead Dan Romero argued on an earlier episode of “From the Block,” the PYMNTS podcast hosted by CEO Karen Webster and Citi Global Head of Digital Assets, Treasury and Trade Solutions Ryan Rugg, that cryptocurrency has evolved into what he called a “barbell economy” split between speculative markets and real-world payments rails.

The survivors in digital assets, Romero said, are the businesses focused on a far less ideological problem: moving money better. Many of crypto’s most ambitious consumer experiments, from decentralized social networks to mass-market apps, never gained traction. Romero himself spent years building Farcaster, a decentralized social protocol, before concluding that much of the sector’s consumer vision “didn’t work.”

“Most of what has happened in crypto over the last decade has not really impacted the real world,” he said.

See more: Stablecoins Are Just Wildcat Banking With Better Wi-Fi

The direction of travel across the stablecoin landscape is a revealing one. Visa is not treating stablecoins merely as a faster settlement instrument or a threat to card volume. It is treating them as a new category of enterprise money that requires distribution, governance and operational tooling.

The card networks became powerful by standardizing how institutions connected to electronic payments. Stablecoins give Visa an opportunity to repeat that play at a different layer of the financial system.

Still, the PYMNTS Intelligence report “Waiting for Certainty: Why Most CFOs Are Holding Back on Crypto and Stablecoins,” the March installment of the 2026 Certainty Project, showed that most middle-market companies remain cautious about digital assets. Usage is limited, with 13% of firms using stablecoins and 5% employing other cryptocurrencies.

Posted by Defense World Staff on Jul 20th, 2026

Cantillon Capital Management LLC lowered its position in shares of Visa Inc. (NYSE:V – Free Report) by 11.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,718,158 shares of the credit-card processor’s stock after selling 231,330 shares during the period. Visa comprises about 3.5% of Cantillon Capital Management LLC’s investment portfolio, making the stock its 9th biggest holding. Cantillon Capital Management LLC owned approximately 0.09% of Visa worth $519,296,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Clayton Financial Group LLC raised its stake in shares of Visa by 446.2% during the fourth quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock valued at $25,000 after acquiring an additional 58 shares during the last quarter. PayPay Securities Corp boosted its holdings in shares of Visa by 102.7% during the fourth quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock worth $26,000 after purchasing an additional 38 shares during the period. Cresta Advisors Ltd. bought a new stake in shares of Visa in the fourth quarter worth about $26,000. Parvin Asset Management LLC grew its stake in shares of Visa by 200.0% in the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after purchasing an additional 50 shares during the last quarter. Finally, Dorato Capital Management bought a new stake in shares of Visa in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa In other news, CEO Ryan Mcinerney sold 31,455 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total value of $10,699,103.70. Following the completion of the transaction, the chief executive officer owned 15,174 shares of the company’s stock, valued at approximately $5,161,284.36. This represents a 67.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total value of $729,720.00. Following the completion of the transaction, the general counsel owned 18,404 shares of the company’s stock, valued at approximately $6,625,440. The trade was a 9.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 75,581 shares of company stock valued at $25,627,975. Corporate insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets A number of research analysts have commented on the company. Truist Financial set a $371.00 price target on Visa and gave the company a “buy” rating in a research report on Tuesday, May 12th. BMO Capital Markets reiterated an “outperform” rating and issued a $387.00 price objective (up from $375.00) on shares of Visa in a research report on Wednesday. Oppenheimer reiterated an “outperform” rating and issued a $403.00 price objective (up from $391.00) on shares of Visa in a research report on Wednesday, April 29th. Piper Sandler initiated coverage on Visa in a research note on Monday, June 29th. They set an “overweight” rating and a $394.00 target price on the stock. Finally, Raymond James Financial restated an “outperform” rating and set a $389.00 target price on shares of Visa in a report on Wednesday, April 29th. Seven investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $398.36.

View Our Latest Analysis on V

Visa Trading Down 0.0% Shares of V opened at $358.51 on Monday. Visa Inc. has a 1-year low of $293.89 and a 1-year high of $365.14. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64. The firm’s 50-day moving average price is $334.41 and its 200-day moving average price is $324.99. The firm has a market capitalization of $643.08 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 1.91 and a beta of 0.75.

Visa (NYSE:V – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.21. Visa had a net margin of 51.68% and a return on equity of 65.00%. The company had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.75 billion. During the same period in the prior year, the firm earned $2.76 earnings per share. Visa’s revenue was up 17.1% on a year-over-year basis. Sell-side analysts anticipate that Visa Inc. will post 13.11 EPS for the current year.

Visa declared that its Board of Directors has approved a stock repurchase plan on Tuesday, April 28th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the credit-card processor to reacquire up to 3.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Visa Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued a dividend of $0.67 per share. The ex-dividend date was Tuesday, May 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.7%. Visa’s dividend payout ratio is 23.34%.

Key Headlines Impacting Visa Here are the key news stories impacting Visa this week:

Positive Sentiment: Visa launched its Stablecoin Platform, an enterprise tool for banks, fintechs, and crypto-native firms to mint, move, store, and redeem stablecoins in one Visa-managed environment. Investors may view this as a meaningful new growth avenue that could expand Visa’s role in blockchain-based payments. Visa Introduces Platform for Stablecoin Minting, Movement and Management Positive Sentiment: Reports say Visa joined Google and Stripe in the x402 Foundation, which is building an open standard for machine-to-machine and AI agent payments. That supports Visa’s long-term relevance in emerging micro-payment and autonomous commerce use cases. Google and Visa join the online micro-payments revolution Positive Sentiment: Visa and Artemis highlighted that stablecoins could become key infrastructure for AI agent micropayments, reinforcing the idea that Visa is positioning itself early in a potentially large new payment category. Stablecoins Emerge as Key Infrastructure for AI Agent Micropayments, Visa and Artemis Report Positive Sentiment: Hong Leong Bank launched Malaysia’s first Visa Infinite Privilege card, showing continued strength in Visa’s premium product lineup and international card issuance. Hong Leong Bank Debuts Malaysia’s First Visa Infinite Privilege Card Positive Sentiment: Visa was also upgraded to “strong-buy” by an analyst source, adding to bullish sentiment around the stock. Visa upgraded by Clear Str Llc to strong-buy Neutral Sentiment: Several articles discuss Visa’s new AI assistants, agentic payments pilots, and refreshed Visa Infinite offerings in Asia-Pacific. These developments are constructive, but they are mostly early-stage or product refreshes rather than immediate financial catalysts. What Visa (V)’s New AI Assistants and Agentic Payments Mean For Shareholders Visa Company Profile (Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

Further Reading Five stocks we like better than Visa Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V – Free Report).

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Posted by Defense World Staff on Jul 19th, 2026

Gallacher Capital Management LLC lowered its stake in shares of Visa Inc. (NYSE:V – Free Report) by 77.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 764 shares of the credit-card processor’s stock after selling 2,582 shares during the quarter. Gallacher Capital Management LLC’s holdings in Visa were worth $231,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Clayton Financial Group LLC increased its holdings in shares of Visa by 446.2% in the fourth quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock valued at $25,000 after purchasing an additional 58 shares during the period. PayPay Securities Corp raised its position in Visa by 102.7% during the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock worth $26,000 after buying an additional 38 shares during the last quarter. Cresta Advisors Ltd. purchased a new stake in Visa in the 4th quarter valued at approximately $26,000. Parvin Asset Management LLC grew its holdings in Visa by 200.0% during the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after acquiring an additional 50 shares during the period. Finally, Dorato Capital Management purchased a new position in shares of Visa in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa News Summary Here are the key news stories impacting Visa this week:

Positive Sentiment: Visa launched its Stablecoin Platform, an enterprise tool for banks, fintechs, and crypto-native firms to mint, move, store, and redeem stablecoins in one Visa-managed environment. Investors may view this as a meaningful new growth avenue that could expand Visa’s role in blockchain-based payments. Visa Introduces Platform for Stablecoin Minting, Movement and Management Positive Sentiment: Reports say Visa joined Google and Stripe in the x402 Foundation, which is building an open standard for machine-to-machine and AI agent payments. That supports Visa’s long-term relevance in emerging micro-payment and autonomous commerce use cases. Google and Visa join the online micro-payments revolution Positive Sentiment: Visa and Artemis highlighted that stablecoins could become key infrastructure for AI agent micropayments, reinforcing the idea that Visa is positioning itself early in a potentially large new payment category. Stablecoins Emerge as Key Infrastructure for AI Agent Micropayments, Visa and Artemis Report Positive Sentiment: Hong Leong Bank launched Malaysia’s first Visa Infinite Privilege card, showing continued strength in Visa’s premium product lineup and international card issuance. Hong Leong Bank Debuts Malaysia’s First Visa Infinite Privilege Card Positive Sentiment: Visa was also upgraded to “strong-buy” by an analyst source, adding to bullish sentiment around the stock. Visa upgraded by Clear Str Llc to strong-buy Neutral Sentiment: Several articles discuss Visa’s new AI assistants, agentic payments pilots, and refreshed Visa Infinite offerings in Asia-Pacific. These developments are constructive, but they are mostly early-stage or product refreshes rather than immediate financial catalysts. What Visa (V)’s New AI Assistants and Agentic Payments Mean For Shareholders Insider Activity at Visa In other Visa news, CFO Chris Suh sold 10,639 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total value of $3,455,653.59. Following the completion of the sale, the chief financial officer directly owned 9,872 shares in the company, valued at $3,206,524.32. This represents a 51.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total value of $729,720.00. Following the transaction, the general counsel directly owned 18,404 shares of the company’s stock, valued at approximately $6,625,440. The trade was a 9.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 75,581 shares of company stock worth $25,627,975 over the last ninety days. 0.12% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets Several equities analysts recently issued reports on V shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $450.00 price objective on shares of Visa in a report on Tuesday, June 2nd. Clear Str raised shares of Visa to a “strong-buy” rating in a research report on Thursday. UBS Group lifted their target price on shares of Visa from $390.00 to $410.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Oppenheimer reaffirmed an “outperform” rating and set a $403.00 price target (up from $391.00) on shares of Visa in a report on Wednesday, April 29th. Finally, Citigroup dropped their price objective on Visa from $450.00 to $400.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Seven analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $398.36.

Get Our Latest Stock Analysis on V

Visa Price Performance Shares of V opened at $358.51 on Friday. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $365.14. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64. The firm has a market cap of $643.08 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 1.91 and a beta of 0.75. The stock has a 50 day moving average of $334.41 and a 200-day moving average of $325.20.

Visa (NYSE:V – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, beating the consensus estimate of $3.10 by $0.21. The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. The company’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.76 EPS. As a group, analysts forecast that Visa Inc. will post 13.11 EPS for the current year.

Visa announced that its Board of Directors has authorized a stock buyback plan on Tuesday, April 28th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the credit-card processor to reacquire up to 3.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Visa Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, May 12th. Visa’s payout ratio is currently 23.34%.

Visa Profile (Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

Further Reading Five stocks we like better than Visa Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs? The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story Why Intuitive Surgical’s Strong Quarter Still Spooked Investors Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V – Free Report).

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Visa, Stripe and Google have joined the x402 Foundation as premier members, adding three of the biggest names in payments and search to an effort to build an open standard for machines that pay each other.

The foundation, affiliated with the Linux Foundation, is developing x402, a protocol that lets AI agents transact with each other and with people directly over the web, without subscriptions or a human typing in card details.

It takes its name from HTTP status code 402, "payment required", a slot reserved in the rules of the web in the 1990s and left empty ever since.

The reason it was left empty is the reason the current membership list is worth reading twice.

Card fees made payments below roughly a dollar uneconomic, because the cost of processing swallowed the transaction.

That single constraint pushed the entire internet towards advertising and subscriptions, the only two models that could clear the fee floor.

Visa, Mastercard, American Express, Adyen and Fiserv, the companies that set and collect those fees, are now premier members of the body building the alternative.

Also on the list are Ripple, Shopify, Amazon Web Services, Cloudflare, Circle, MoonPay and the Solana Foundation.

Alin Dragos, a senior manager at AWS Payments, chairs the board.

The foundation has formed a technical steering committee and opened a search for an executive director while expanding membership.

Neutrality as the selling point

The pitch is that no single company should own the pipes.

"You don't want to be in a walled garden when you're dealing with money," said Denelle Dixon, chief executive of the Stellar Development Foundation and a premier member.

That framing is doing real work.

Coinbase built x402 originally, and a standard controlled by one crypto exchange was never going to attract Visa.

Handing it to a Linux-affiliated foundation converts a proprietary protocol into shared infrastructure that competitors can adopt without conceding ground to each other.

The card networks' presence is best read as insurance rather than enthusiasm.

If agent-driven micropayments do reshape how the web gets paid, the incumbents would rather be inside the committee writing the rules than outside watching a settlement layer emerge that routes around them entirely.

What is untested

The members' claim is that agent micropayments could change how content is funded online, replacing adverts nobody watches with fractions of a penny paid per request.

That depends on machines becoming the web's dominant customers, which is a forecast rather than an observation.

It also depends on the companies deploying agents being willing to give them a spending limit and let them use it.

Nothing on the membership list settles either question.

Visa (V - Free Report) closed the most recent trading day at $365.14, moving +2.82% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.51% for the day. Meanwhile, the Dow experienced a drop of 0.2%, and the technology-dominated Nasdaq saw a decrease of 1.47%.

Heading into today, shares of the global payments processor had gained 7.49% over the past month, outpacing the Business Services sector's gain of 2.81% and the S&P 500's gain of 0.53%.

Market participants will be closely following the financial results of Visa in its upcoming release. The company plans to announce its earnings on July 28, 2026. The company's earnings per share (EPS) are projected to be $3.22, reflecting a 8.05% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $11.35 billion, up 11.62% from the year-ago period.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $13.1 per share and a revenue of $45.37 billion, representing changes of +14.21% and +13.42%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for Visa. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.07% increase. Visa currently has a Zacks Rank of #2 (Buy).

From a valuation perspective, Visa is currently exchanging hands at a Forward P/E ratio of 27.1. This signifies a premium in comparison to the average Forward P/E of 11.35 for its industry.

Investors should also note that V has a PEG ratio of 1.9 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Financial Transaction Services industry stood at 0.87 at the close of the market yesterday.

The Financial Transaction Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 82, finds itself in the top 34% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Best Buy (NYSE:BBY | BBY Price Prediction) and Visa (NYSE:V) have both flashed a golden cross this month. That is, their 50-day moving averages have pushed above their 200-day moving averages. Best Buy posted a beat-and-raise quarter for its electronics business, while Visa delivered mid-teens revenue growth from its global payments network. Two different companies, one shared technical signal, and a fair question about which is the better buy now.

How the Quarter Landed for Each Business Best Buy’s Q1 FY27 showed enterprise comparable sales up 2.0%, with adjusted EPS of $1.28 on revenue of $8.94 billion. Gaming, computing, and mobile phones drove results, with entertainment comps up 38.1% domestically. CEO Corie Barry highlighted “strong performance in our Best Buy Ads and Marketplace initiatives” as evidence the retailer is building profit streams beyond the box. Jason Bonfig takes over on November 1, 2026.

Visa’s Q1 FY26 results looked cleaner. Net revenue climbed 14.6% to $10.90 billion, processed transactions hit 69.4 billion, and cross-border volume rose 12% on a constant-dollar basis. CEO Ryan McInerney credited “resilient consumer spending and a strong holiday season.” A $708 million interchange litigation provision continues to hit GAAP results, a recurring pattern that investors have learned to weather.

Premium Toll Road Meets Discount Big Box The businesses differ fundamentally. Visa runs a payments network with a trailing operating margin of 67.3% and profit margins above 51%. Best Buy operates big-box stores, with an operating margin around 4% and net margins under 3%. That gap explains why one trades like a compounder and the other like a cyclical.

Lens Best Buy Visa Forward P/E 12x 24x Dividend Yield 4.5% 0.8% Analyst Target $79.15 $401.47 Key Risk Tariffs, appliances Interchange litigation Remember that the golden cross is a lagging signal. Best Buy stock has risen 27.6% year to date to $85.37, already trading above the average analyst price target. Visa trades at $355.14, up 1.3% year to date, with room to run to the consensus price target.

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The Next Test Is Durability For Best Buy, watch whether Marketplace and Best Buy Ads can scale enough to offset softness in appliances and the 1.8% decline in domestic consumer electronics comparable sales. FY27 guidance calls for comps between −1.0% and +1.0%, with the CEO transition as a real variable.

For Visa, monitor data processing revenue, which rose 17% last quarter, plus stablecoin and tokenization initiatives that McInerney continues to highlight.

The Verdict Best Buy offers a 4.5% dividend and a cheap multiple, but it just ran past its mean analyst target and faces a CEO change and tariff exposure. Visa looks like the more durable holding. Investors pay a premium but receive 67% operating margins, a durable network moat, and consistent buybacks against a $21.1 billion authorization. Best Buy may become more attractive to revisit on a pullback closer to its 200-day moving average.

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Contact [email protected] for any questions or corrections.

Key Takeaways Visa launched AI Financial Assistant inside banking apps for spending insights and account actions.VAS revenues rose 28% to $3.2 billion in fiscal Q1 2026, supporting Visa's growth beyond payments.Visa plans a U.S. pilot in August 2026 before expanding AI Financial Assistant globally. Visa Inc. (V - Free Report) launched AI Financial Assistant, a new value-added service that brings conversational financial guidance to existing banking apps. The white-label feature integrates directly into a bank's app. Customers can check their spending, ask questions in conversational language and take actions like locking a card or setting alerts without leaving the app. It is built for secure banking environments that help protect customer data.

The service is part of Visa's Digital Issuer Solutions platform, providing a single chat-based entry point inside the banking app. Banks can deploy it without custom development, making adoption faster and easier. It combines a bank's customer data with insights from Visa's global payments network to deliver personalized financial guidance. Visa will launch a U.S. pilot in August 2026 before expanding the service globally.

The launch supports Visa's strategy of expanding its fast-growing Value-Added Services (VAS) business, an increasingly important growth driver. In first-quarter fiscal 2026, VAS revenues rose 28% year over year to $3.2 billion, accounting for nearly half of the company's total revenue growth. By embedding AI-powered financial guidance into banking apps, Visa is broadening its role beyond payment processing.

This strengthens VISA’s ties with issuers and increases the value of its platform.
The rollout is expected to reduce the company's reliance on payment volumes over time. As more banks adopt AI Financial Assistant, Visa can strengthen client relationships and expand the use of its Digital Issuer Solutions platform. This could drive demand for other value-added products and support sustainable long-term growth.

How Are Visa's Competitors Positioned?Some of Visa's key competitors in the payments space are Mastercard Incorporated (MA - Free Report) and American Express Company (AXP - Free Report) .

Mastercard is expanding its AI capabilities to strengthen its value-added services business and deepen client relationships. It launched Agent Pay for Machines, enabling AI agents and connected devices to make autonomous payments. The move helps Mastercard tap into the growing market for AI-powered payments.

American Express is also accelerating its AI strategy. American Express introduced the Agentic Commerce Experiences (“ACE”) Developer Kit and Amex Agent Purchase Protection to support AI-powered transactions. AXP also agreed to acquire AI expense management startup Hyper, strengthening its commercial AI capabilities.

Visa’s Price Performance, Valuation & EstimatesVisa’s shares have risen 1.6% year to date against the industry’s 9.6% decline.

Image Source: Zacks Investment Research

From a valuation standpoint, V trades at a forward price-to-earnings ratio of 24.61, well above the industry average of 17.08. V carries a Value Score of D.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Visa’s fiscal 2026 earnings implies a 14.2% jump from the year-ago period’s level.

Image Source: Zacks Investment Research

Turbulent market and financial turbulence or investing crisis security concept as a volatile stock market with price volatility as a storm disturbing the economy with 3D illustration elements.

getty

This market is in a three-way “tug-of-war”—and it’s set up some sweet deals on our favorite 9%+ dividends.

The Fed. The White House. Iran. A peep from any of the above and stocks soar (or tank).

But we contrarians can see through the short-term fog here.

We’re buying this volatility, in part because we’re playing the long game on AI, and the likelihood it’ll cap wage growth and inflation in the long run (more on that below).

But in the here and now, we need to play it smart—and zero in on payers that cushion our downside so we can collect their rich payouts in peace. I’ve got two closed-end funds (CEFs) that do just that—and throw off huge 9%+ yields, too.

Plus, these two funds help us avoid the mistake most investors are making now.

1 Click to 9X the Payouts Your Friends Are BookingThat mistake? When markets come under pressure, many investors look to a “plain vanilla” index fund, like the State Street SPDR S&P 500 ETF Trust (SPY), to take advantage.

The problem? SPY’s current yield is … 1%. One percent!

MORE FOR YOU

Want a $50,000 yearly income stream from SPY? Hope you’re prepared to invest around $5 million.

It’s too bad because SPY holders can easily grab dividends 9X bigger when they go just a bit past ETFs, to CEFs. Our first one holds the stocks in SPY, but instead of a sad 1%, it pays a 9.1% dividend that gets safer when markets turn stormy.

Swap the “Y” in “SPY” for “XX”—and Unlock a 9.1% PayoutThat CEF is SPY’s high-yielding “clone,” the Nuveen S&P 500 Dynamic Overwrite Fund (SPXX).

The tickers are similar because like SPY, SPXX holds the stocks in the S&P 500, such as Apple (AAPL), Microsoft (MSFT) and Visa (V). But instead of SPY’s 1% dividend, you get SPXX’s sweet 9.1%.

Why the difference? SPXX sells call options. These give the buyer the right to buy SPXX’s stocks at a fixed future date and price. That generates extra income because SPXX keeps the “premiums” these buyers pay, no matter how these trades play out. The value of these options also rises with volatility.

SPXX then uses this cash to fund our payouts.

This strategy can cap upside in a rising market, as some of SPXX’s holdings get sold. But it also gives us most of our return as dividends, which is one way it cushions volatility.

SPXX has lagged SPY this year, with a 7.4% total return based on market price (in purple below), compared to 9.9% for the ETF. You’d expect that, as the bulls ran through the first half of ’26, despite the many whipsaws we’ve seen along the way.

But over that time, something curious happened: The performance of the fund’s portfolio (that is, its net asset value, or NAV), which strips out sentiment, has more or less matched SPY, returning 9.8% year-to-date (in orange below).

SPXX Total Returns

Ycharts

That gap has teed up a 9.1% discount to NAV on SPXX (which by coincidence matches the fund’s yield), much wider than the SPXX’s five-year average of 3.9%.

And if you look at the right side of the chart below, you’ll see that SPXX’s discount is starting to narrow again. That’s a sign that investors are placing more value on SPXX’s options strategy and are starting to buy in as volatility picks up:

SPXX Discount to NAV

Ycharts

This setup—a below-average discount that’s starting to narrow—is generally a smart time to buy a CEF. And while we wait for SPXX’s markdown to close, this “SPY clone” will pay us 9X what the original does.

Swap Your Bond ETFs for This 10%-Paying CEFThis opportunity isn’t only coming our way in stocks. It’s handing us deals in bonds, too. That’s because the herd is wrong on the direction of interest rates in the long run.

We already touched on AI, which provides a sweeping level of automation to white-collar work that is highly deflationary.

In the 1990s, the Internet acted as a similar “deflator” on prices. The move from snail mail to email and from fax machines to web browsers made businesses wildly more efficient, which kept a lid on consumer prices—and a floor under bond prices. They rallied throughout the entire decade.

Oil? Despite the latest tit-for-tat, prices are still well below their 2026 highs. And this conflict will end. Neither side can afford any other outcome. That’ll lead to a further drop in the price of the goo, and another gut-punch to inflation.

But the crowd doesn’t fully grasp any of this yet, so bonds are hated. That’s our cue.

One thing you do not want to do at a time like this is pick up a corporate-bond ETF like the SPDR Bloomberg High-Yield Bond ETF (JNK), which pays 6.6%. That’s not bad, but it pales in comparison to the payout of a corporate-bond CEF like the 10%-yielding DoubleLine Yield Opportunities Fund (DLY).

Not only is DLY’s yield 50% larger than that of the index fund, but it comes our way monthly, with the odd special dividend thrown in:

DLY Dividend

Income Calendar

When it comes to performance, there’s no comparison. DLY is run by Jeffrey Gundlach, the so-called “Bond God,” who’s as connected as they come. DLY launched in February 2020, as the COVID dumpster fire was starting to rage. That let it buy the dips while the world went into lockdown.

And since bonds started to get up off the mat in late 2022, DLY (in purple below) has routed JNK, as typically happens with CEFs, which are actively managed.

DLY Total Returns

Ycharts

Even so, we can grab DLY at a 7.3% discount today, wider than its five-year average of 5.1%. That’s also cheaper than JNK, which, as an ETF, never gives us a discount.

Key Takeaways Visa partnered with ACE Money Transfer to support faster, more secure account funding for remittances.V is expanding its reach across global remittance corridors through ACE's international network.Visa reported 12% year-over-year cross-border volume growth in Q2 FY26. Visa Inc. (V - Free Report) is strengthening its cross-border payments business through a strategic collaboration with ACE Money Transfer. The partnership will support V's Account Funding Transactions (AFTs), enabling customers to fund international money transfers using eligible payment cards more efficiently. By simplifying the funding process, the collaboration aims to deliver faster, more secure and reliable remittance services while enhancing the overall customer experience.

The agreement expands Visa's footprint in the growing digital remittance market, where consumers increasingly prefer quick and seamless international money transfers. ACE Money Transfer operates across multiple sending countries and more than 100 receiving destinations, giving Visa greater exposure to key remittance corridors. As digital payment adoption accelerates worldwide, the partnership could help drive higher transaction volumes across V's global network.

The collaboration also aligns with Visa's long-term strategy of expanding Visa Direct and strengthening its money movement capabilities. The company continues to invest in real-time payments, cross-border infrastructure and digital payment innovation to support consumers, businesses and financial institutions. Adding AFT capabilities to ACE's platform reinforces V's role in facilitating efficient account-to-account and person-to-person payments beyond traditional card transactions.

The latest collaboration reflects V's continued focus on expanding its payments ecosystem through partnerships that improve speed, security and convenience. In the second quarter of fiscal 2026, the company’s total cross-border volume rose 12% year over year. As demand for digital remittances continues to rise globally, strengthening payment infrastructure and broadening access to trusted money movement solutions could support Visa’s long-term growth across the cross-border payments market.

How Are Competitors Faring?Some of V’s competitors in the payments space include Mastercard Incorporated (MA - Free Report) and PayPal Holdings, Inc. (PYPL - Free Report) .

Mastercard continues to expand its cross-border payments capabilities through Mastercard Move, enabling faster and more transparent domestic and international money transfers. MA is also strengthening its remittance ecosystem by partnering with financial institutions, fintechs and digital wallet providers to simplify global money movement.

PayPal is broadening its cross-border payments business by enhancing Xoom and its global wallet ecosystem, making international transfers faster and more accessible. PYPL is also integrating blockchain and stablecoin capabilities to improve settlement efficiency and support the evolving digital payments landscape.

Visa’s Price Performance, Valuation & EstimatesOver the past year, shares of Visa have risen 3% against the industry’s 15.9% fall.

Image Source: Zacks Investment Research

From a valuation standpoint, V trades at a forward price-to-earnings ratio of 24.74, well above the industry average of 17.09. V carries a Value Score of C.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Visa’s fiscal 2026 earnings implies a 14.2% jump from the year-ago period.

Image Source: Zacks Investment Research

Visa stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

By PYMNTS  |  July 13, 2026

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U.K.-based remittance provider ACE Money Transfer has launched a cross-border payments partnership with Visa.

The collaboration will see the companies promote account funding transactions to support faster and more seamless money transfers, ACE said in a Monday (July 13) news release.

The combination of ACE Money Transfer’s expertise in global remittances with Visa’s payments network is designed to support a more secure and convenient digital payments experience for people sending money to friends and family around the world, the release added.

The collaboration aims to support secure digital payment experiences while creating greater convenience for customers sending money to family and friends around the world.

“Visa’s AFT capability strengthens the infrastructure underpinning every card-funded transfer on our platform. This is about building a payments stack that performs for our customers, and for the corridors we serve.” said Rehan Ashraf, head of payments and banking infrastructure at ACE Money Transfer.

“Our collaboration with Visa represents an important step in strengthening our payment capabilities,” he added. “By working closely with Visa to support account funding transactions, we are enhancing the way customers fund their transfers while continuing to invest in secure, reliable and efficient payment experiences.”

Olga Ovchinnikova, vice president, head of Visa Direct Europe, said the partnership comes amid rising demand for digital cross-border payments, underscoring the need for collaboration.

“By expanding our work with ACE Money Transfer across Visa Direct capabilities, we’re helping enable secure, seamless and reliable money movement for customers around the world,” she added. “Together, we’re making it easier for ACE customers to fund and send transfers efficiently, helping meet the needs of individuals and families who rely on fast, convenient cross-border payments.”

PYMNTS explored some of the obstacles hindering cross-border payments last week in a conversation with AJ McCray, managing director and head of global payments product at Bank of America.

The largest of these obstacles, that report said,  is providing the certainty, visibility and immediacy that consumers and businesses expect when making domestic payments.

That expectation is transforming how companies approach global payments, from pushing for faster settlement to demanding continuous availability, end-to-end transparency and payment experiences that resemble domestic, real-time transactions, even when money needs to travel across multiple jurisdictions. McCray said the forces driving that demand extend well beyond advances in payment technology.

“There are really three things that are driving this need,” McCray told PYMNTS. “You’ve got consumer expectations, new business models and more sophisticated corporate treasurers.”

On July 10, 2026, Visa Inc (V) shares rose 0.2% today, bringing the current price to $348.97. The stock has traded between $293.89 and $365.02 over the past 52

In the latest close session, Visa (V - Free Report) was down 1.33% at $347.53. The stock fell short of the S&P 500, which registered a loss of 0.28% for the day. Meanwhile, the Dow experienced a drop of 1.09%, and the technology-dominated Nasdaq saw an increase of 0.2%.

Heading into today, shares of the global payments processor had gained 8.35% over the past month, outpacing the Business Services sector's gain of 3.35% and the S&P 500's gain of 1.64%.

The upcoming earnings release of Visa will be of great interest to investors. The company's earnings report is expected on July 28, 2026. In that report, analysts expect Visa to post earnings of $3.22 per share. This would mark year-over-year growth of 8.05%. Meanwhile, our latest consensus estimate is calling for revenue of $11.35 billion, up 11.62% from the prior-year quarter.

V's full-year Zacks Consensus Estimates are calling for earnings of $13.1 per share and revenue of $45.37 billion. These results would represent year-over-year changes of +14.21% and +13.42%, respectively.

Investors should also take note of any recent adjustments to analyst estimates for Visa. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.03% higher. As of now, Visa holds a Zacks Rank of #2 (Buy).

From a valuation perspective, Visa is currently exchanging hands at a Forward P/E ratio of 26.89. This expresses a premium compared to the average Forward P/E of 11.37 of its industry.

One should further note that V currently holds a PEG ratio of 1.88. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Financial Transaction Services industry was having an average PEG ratio of 0.83.

The Financial Transaction Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 68, putting it in the top 28% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

Key Takeaways Visa is expanding beyond cards with account transfers, real-time payments and digital currency capabilities.V grew fiscal Q2 2026 revenues 17%, with value-added services revenues rising 27% to $3.3 billion.Visa Direct, tokenization, open banking and AI fraud tools support its evolving multi-rail network. Visa Inc. (V - Free Report) is steadily expanding beyond its traditional card network into a broader payments platform that supports multiple ways to move money. Along with card payments, the company is expanding its capabilities across account-to-account transfers, real-time payments, cross-border transactions and digital currencies. This strategy allows consumers, businesses and financial institutions to choose the most efficient payment method while remaining connected to Visa's network.

Visa has been strengthening this transformation through several initiatives. It continues to expand Visa Direct, enabling faster domestic and cross-border money transfers for consumers and businesses. It is also investing in tokenization, open banking capabilities, AI-powered fraud prevention and stablecoin settlement to support new payment methods. These efforts are making its network more flexible as digital commerce and payment preferences continue to evolve.

The strategy is also translating into solid financial performance. In fiscal second-quarter 2026, net revenues rose 17% year over year, supported by a 9% increase in payment volume on a constant-dollar basis, healthy cross-border activity and higher processed transactions. Value-added services revenues climbed 27% year over year to $3.3 billion, highlighting the growing contribution of value-added services alongside its core payments business.

As businesses and consumers increasingly seek faster and more flexible ways to move money, Visa's multi-rail network could help deepen customer relationships, expand its role across global payment flows and support sustainable long-term growth. This broader approach also positions Visa to benefit as payment technologies and customer needs continue to evolve.

How Are Visa's Competitors Positioned?Some of Visa's key competitors in the payments space are Mastercard Incorporated (MA - Free Report) and American Express Company (AXP - Free Report) .

Mastercard continues to broaden its payments platform beyond traditional card transactions through real-time payments, bank transfers and blockchain-based payment rails. In the first quarter of 2026, MA's value-added services and solutions revenues increased 22% year over year, highlighting the growing contribution of services alongside its core payments business.

American Express is expanding its digital payments ecosystem through tokenization, digital wallet integrations, commercial payment solutions and AI-driven security. In the first quarter of 2026, AXP's network volumes rose 11% year over year to $486.3 billion, reflecting healthy consumer and commercial spending.

Visa’s Price Performance, Valuation & EstimatesVisa’s shares have risen 0.5% year to date against the industry’s 9.9% decline.

Image Source: Zacks Investment Research

From a valuation standpoint, V trades at a forward price-to-earnings ratio of 24.41, well above the industry average of 18.29. V carries a Value Score of D.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Visa’s fiscal 2026 earnings implies a 14.2% jump from the year-ago period’s level.

Image Source: Zacks Investment Research

Visa stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

SAN FRANCISCO--(BUSINESS WIRE)--New research from Visa Business and Economic Insights (VBEI) finds that the great wealth transfer is already influencing major financial decisions, from home purchases to travel and long-term saving. The research estimates that approximately $36 trillion will transfer from baby boomers to Gen X and millennial households over the next 20 years.

The findings also show that most of this wealth will flow to households that are already financially secure, making the spending impact more targeted than transformational.

“For businesses in big-ticket sectors like housing and travel, this is not a future trend to watch,” said Wayne Best, chief economist at Visa. “It is already influencing consumer decisions—and shaping where growth will be distributed in the years ahead.”

The transfer is large, but more concentrated than it appears

Baby boomers hold at least $93 trillion in assets, more than three times U.S. GDP. However, VBEI finds that the amount that reaches heirs is reduced significantly once you factor in debt, retirement spending, taxes, and the wealth held at the very top. The result: approximately $36 trillion transferring to Gen X and millennial households over the next 20 years, equivalent to roughly $515,000 per inheriting household.

Most transferred wealth will be saved or invested

Nearly 75 percent of those receiving an inheritance already have a higher net worth than the median household.1 As a result, $28 trillion of the $36 trillion is likely to be saved or invested. This dynamic represents a significant opportunity for banks, wealth managers, and fintech firms competing for assets from newly inheriting households over the next two decades.

The spending lift is real but targeted to specific categories

The impact will likely show up most in the areas where consumers are already making major financial decisions.

Spending on autos is expected to see a 6.4 percent average annual lift over the next 20 years.2

Overall, the $8 trillion expected to flow into consumer spending will lift annual real spending growth by approximately 0.1 percentage point per year through 2046, a modest boost rather than a major shift in the economy.3

Families are choosing to share wealth earlier

More families are transferring wealth earlier while they can see its impact. One in four millennial homeowners received parental down payment assistance, and 26 percent reported they would not have been able to purchase their current home without it. More than half of individuals expecting to receive an inheritance cite it as critical to their ability to purchase a home, a figure that rises to 69 percent among millennials.

In travel, 28 percent of grandparents have already taken a skip-generation trip with their grandchildren, without the children’s parents, and 35 percent plan to do so within the next three years.

66 percent of boomers say they want to enjoy their wealth or have heirs enjoy it while they are alive, compared to 34 percent who plan to preserve it for after death.4

What this means for consumers and businesses

For consumers, family financial support may help younger households buy homes, travel and reach major milestones sooner For businesses, the opportunity will be focused in sectors where inherited wealth is already driving major purchases, especially housing, autos, travel, retail and financial services For financial institutions, inherited wealth creates an opportunity to support households as they save, invest or purchase property The full report is available at https://usa.visa.com/partner-with-us/visa-consulting-analytics/economic-insights/great-wealth-transfer-reality-check.html

Methodology

VBEI’s analysis is based on internal economic modeling, data from the Federal Reserve Board, the U.S. Department of the Treasury and the U.S. Department of Labor, as well as third-party consumer survey research.

FAQ

How large is the great wealth transfer?
Visa Business and Economic Insights estimates that about $36 trillion will transfer from baby boomers to Gen X and millennial households over the next 20 years, after accounting for debt, retirement spending, taxes and other factors.

How much of that wealth will actually be spent?
Only a portion—about $8 trillion—is expected to translate into consumer spending, as most recipients are already financially secure and more likely to save or invest what they receive.5

Where will the spending impact be most visible?
The impact is expected to be concentrated in housing, autos, travel and retail, where consumers are already making major financial decisions.

Is this a future trend, or is it happening now?
The transfer is already underway, showing up in real-time decisions like down payment assistance for homebuyers and increased multigenerational travel, as more families choose to share wealth earlier.

About Visa Business and Economic Insights (VBEI)

Visa Business and Economic Insights (VBEI) provides data-driven analysis of global economic trends, consumer spending patterns and the evolution of digital commerce, drawing on proprietary VisaNet transaction data, economic modeling and third-party research. The team publishes regular research across macroeconomics, consumer behavior and payments innovation. To subscribe: https://globalclient.visa.com/visaeconomicnews-subscribe

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

Forward-Looking Statement

This release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to, among other things, our economic outlook. Forward-looking statements are generally identified by words such as “believes,” “estimates,” “expects,” “intends,” “may,” “projects,” “could,” “should,” “will,” “continue” and other similar expressions. All statements other than statements of historical fact could be forward-looking statements, which speak only as of the date they are made, are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond our control and are difficult to predict. We describe risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, any of these forward-looking statements in our filings with the SEC. Except as required by law, we do not intend to update or revise any forward-looking statements as a result of new information, future events or otherwise.

Disclaimer

The views, opinions, and/or estimates, as the case may be (“views”), expressed herein are those of the Visa Business and Economic Insights team and do not necessarily reflect those of Visa executive management or other Visa employees and affiliates. This presentation and content, including estimated economic forecasts, statistics, and indexes are intended for informational purposes only and should not be relied upon for operational, marketing, legal, technical, tax, financial or other advice and do not in any way reflect actual or forecasted Visa operational or financial performance. Visa neither makes any warranty or representation as to the completeness or accuracy of the views contained herein, nor assumes any liability or responsibility that may result from reliance on such views. These views are often based on current market conditions and are subject to change without notice.

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