hatchapong/iStock Editorial via Getty Images Visa (NYSE:V) disclosed on Wednesday that it will release ~$2.7B from its series B and series C convertible participating preferred stock in connection with the third mandatory release assessment on June 21, 2024. The release comes on the eighth anniversary of the Visa Europe acquisitionContinue Reading
jetcityimage Bank of America Securities downgraded Visa (NYSE:V) and Mastercard (NYSE:MA) to Neutral from Buy as analyst Jason Kupferberg sees limited upside potential to the two payment networks’ valuation multiples and estimates. “Investor positioning remains crowded. Regulatory developments could limit multiple expansion and V/MA’s ability to take price,” the analystContinue Reading
2Ban/iStock Editorial via Getty Images Visa (NYSE:V) and Mastercard (NYSE:MA) will prolong the limits on tourist card fees established five years ago with the European Union antitrust regulators, extending them for an additional five years until 2029, the European Commission said Friday, Reuters reported. In 2019, the companies agreed toContinue Reading
Michael Vi/iStock Editorial via Getty Images A $30B antitrust settlement between Visa (NYSE:V), Mastercard (NYSE:MA) and U.S. merchants to limit credit-card swipe fees has been rejected by a federal judge in Brooklyn, New York, according to a Tuesday media report. The move marks a major setback for the card networksContinue Reading
