Tag Archives: card market

Visa (NYSE:V) and Mastercard (NYSE:MA), the world’s largest payment processors, are expected to report higher quarterly profits this week, driven by steady consumer spending. As one of the most widely used payment networks globally, both companies stand well-positioned to withstand economic downturns, thanks to their broad consumer base and diversification …

Visa reported third-quarter earnings that beat analysts’ forecasts and revenue that topped expectations on Tuesday. Visa A announced earnings per share of $1.98 on revenue of $7.28B. Analysts anticipated EPS of $1.74 on revenue of $7.06B. Visa A shares are down 25% from the beginning of the year, still down …

About $25 billion in value erased from Visa’s market cap. Other cards stocks including Mastercard and Amex have declined. Not only did Visa Inc. severely drop on Wednesday, but also dragged down industry peers such as Mastercard Inc., after Amazon had announced it will stop accepting purchases made with the …