Discovery Capital Management’s latest 13F filing with the Securities and Exchange Commission indicates that its portfolio was worth $7.5 billion at the end of the first quarter. The firm bought into 22 new stocks and increased its stake in 28 companies. It also sold off 31 stocks and reduced its position in 20 others. The firm’s top 10 holdings made up just under 40 percent of its value. As of the end of March,...
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Visa Inc (NYSE:V) reported fiscal second-quarter results that topped Wall Street earnings and revenue estimates. The world’s largest payment network said its operating revenue increased 14.7 percent to $2.96 billion as payments volume increased 8.8 percent to $1.03 billion on a constant-dollar basis. Enthused by the results, Deutsche Bank AG (ETR:DBK) (FRA:DBK) (NYSE:DB) assigned a ‘buy’ rating on Visa Inc (NYSE:V). In its recent market research report, Deutsche Bank AG (ETR:DBK) (FRA:DBK) (NYSE:DB) observed V’s 2Q13...
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Post Market News Stocks that were active in the U.S. trading on Thursday were Facebook Inc. (NASDAQ:FB), Seagate Technology Plc (NASDAQ:STX), General Motors Company (NYSE:GM), Monster Worldwide Inc. (NYSE:MWW) and Visa Inc. Market Levels U.S.: Dow Jones: 14,830.96 (+0.88%), S&P 500: 1,597.52 (+0.94%), Nasdaq: 3,340.62 (+1.26%) World Markets: Shanghai: 2,174.12 (-0.17%), Nikkei 225: 13,694.04 (-0.76%), Hang Seng Index: 22,668.30 (-0.30%), TSEC: 8,128.51 (+0.43%), FTSE 100: 6,460.71 (+0.15%), EURO STOXX 50: 2,718.90 (+0.26%), BSE Sensex: 19,735.77 (+1.19%) Metals: Gold: $1467.60 (+1.48%), Silver: $23.83 (+2.09%), Platinum: $1500.20 (+2.09%) Currency: EUR/USD: 1.3057 (-1.17%), USD/JPY: 97.96 (+0.56%), GBP/USD: 1.5532 (-0.37%), USD/CAD: 1.0075 (0.11%), USD/CNY: 6.1558 (-0.15%), AUD/USD: 1.0257...
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Visa Inc (NYSE:V) released its earnings report for the first three months of 2013 this afternoon, May 1, after the market closed. The firm revealed that it earned $1.92 in the first quarter of the year on revenue of $3 billion. On today’s market shares in Visa Inc (NYSE:V) trended down, closing at $166.02 per share. Visa Inc (NYSE:V) Earnings: In the run up to the release of this report, analysts following Visa Inc (NYSE:V)...
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Global payments technology company Visa Inc (NYSE:V) is expected to release its first quarter earnings results on Wednesday, May 1, 2013. Analysts at Jefferies don’t expect major surprises in its results. Jefferies analysts predict less top-line risk and higher probability of a modest EPS guidance raise for Visa Inc (NYSE:V). They anticipate key topics on the calls would hover around V/JPM deal, European regulatory developments, and mobile growth initiatives. Analysts at Jefferies anticipate Visa Inc...
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Mastercard Inc (NYSE:MA) is under investigation by European regulators in connection with its inter-bank fees. The European Commission issued a press release announcing the investigation today saying that it has concerns that some of the company’s fee practices might be “anti-competitive.” In the U.S., both Mastercard Inc (NYSE:MA) and Visa Inc (NYSE:V) are now officially allowed to charge a swipe fee in most states. The fee came as part of a settlement between the credit...
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Samsung has been named the premier partner for Visa’s new Ready Partner Program. The program, which was announced on Friday, is aimed at enhancing the approval and licensing speed of Visa-endorsed payment systems on different devices like smartphones. Through Samsung, Visa Inc (NYSE:V) will have a chance of realizing its mobile payment ambitions on a global scale. Under the partnership, Samsung will incorporate Visa’s PayWave mobile payment application in its future mobile devices. In addition,...
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Visa Inc (NYSE:V) is offering the integration of its payments technology to accelerate the global adoption of the new mobile and near field communications (NFC) payments technology. The credit card company’s initiative called the Visa Ready Partners Program enables mobile device manufacturers, mobile network, operators, technology partners, and many others to gain access to Visa IP, licenses and best practices. According to Visa Inc (NYSE:V), its partners program will ensure that the devices, software,...
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Visa Inc (NYSE:V) announced its earnings for the last three months of 2012 on Wednesday, February 6, after the market closed. The company posted earnings of $1.82 per share for the period, on revenues of $2.85 billion. In anticipation of the release of this report, the market sent the company’ shares up by a fraction. In the same period of 2011, Visa Inc (NYSE:V) revealed earnings of $1.49 per share. Revenue for the last three...
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Visa Inc (NYSE:V) will report its December quarter (FQ1) earnings on Wednesday after the bell, with a conference call scheduled at 5 p.m. ET. Visa is the world’s leading credit card services company with an estimated market cap of $105 billion. Its close competitors include Mastercard Inc (NYSE:MA) and American Express Company (NYSE:AXP), which have market caps of about $65 billion each. Visa Inc (NYSE:V) has experienced high growth rates in revenue and earnings since going...
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Mastercard Inc (NYSE:MA) announced Tuesday that it had doubled its quarterly dividend to 60 cents. This move was coupled with the approval of a $2 billion stock buyback program. In a statement issued on Tuesday, MasterCard CEO, Ajay Banga remarked that the company’s strong financial performance allowed it to increase its return to shareholders. Banga, however, noted that despite the move, MasterCard would remain focused on executing its strategy and growing its business. Going...
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