Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Visa Inc.    V

VISA INC.

(V)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 01/15 01:34:39 pm
201.635 USD   -0.11%
01/14Departing Antitrust Chief Backs Changes to Strengthen Enforcement
DJ
01/14VISA INC. : to Announce Fiscal First Quarter 2021 Financial Results on January 28, 2021
BU
01/14VISA : Transcript ( PDF 262 KB )
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Justice Department Files Antitrust Lawsuit Challenging Visa's Planned Acquisition of Plaid -- 2nd Update

11/05/2020 | 11:33am EST

By Brent Kendall and AnnaMaria Andriotis

The Justice Department filed an antitrust lawsuit Thursday that seeks to block Visa Inc.'s $5.3 billion deal to acquire Plaid Inc., a key player in the financial-technology space.

The department brought the case in a Northern California federal court, alleging the deal would eliminate the nascent but significant competitive threat that Plaid poses to Visa in the online debit market. The acquisition would allow Visa to unlawfully maintain a monopoly in online debit, leading to higher prices, less innovation and higher entry barriers for online debit services, the department alleged.

"Visa seeks to buy Plaid -- as its CEO said -- as an 'insurance policy' to neutralize a 'threat to our important US debit business,'" the Justice Department said in its lawsuit.

A Visa spokesman said the lawsuit is "legally flawed and contradicted by the facts...The combination of Visa and Plaid will deliver substantial benefits for consumers seeking access to a broader range of financial-related services, and Visa intends to defend the transaction vigorously."

"Visa's business faces intense competition from a variety of players -- but Plaid is not one of them," the spokesman added.

Plaid declined to comment.

The Justice Department had been scrutinizing the deal since early this year. The Wall Street Journal reported last week that the transaction was facing legal jeopardy, with the department making preparations for potential litigation.

Visa is the largest U.S. card network, accounting for the largest dollar amount of credit, debit and prepaid transactions. It accounted for about 70% of debit and prepaid transactions during the first half the year, according to the Nilson Report, a trade publication.

Plaid provides the technological infrastructure underpinning an array of next-generation financial apps, including Venmo, the digital money-transfer service owned by PayPal Holdings Inc. It has been viewed by fintech companies and merchants as a platform that could one day enable consumers to make purchases without having to rely on debit and credit cards, instead allowing for payments to be made directly from a consumer's bank account to a merchant's account.

The San Francisco-based startup, which currently doesn't operate a payments network, has said it provides connections between more than 11,000 banks and financial-services companies and more than 200 million consumer accounts.

Write to Brent Kendall at brent.kendall@wsj.com and AnnaMaria Andriotis at annamaria.andriotis@wsj.com

(END) Dow Jones Newswires

11-05-20 1132ET

Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL -2.27% 55.14 Delayed Quote.8.12%
PAYPAL HOLDINGS, INC. -0.81% 240.475 Delayed Quote.3.36%
VISA INC. -0.15% 201.7 Delayed Quote.-7.71%
WTI -2.66% 52.31 Delayed Quote.9.44%
All news about VISA INC.
01/14Departing Antitrust Chief Backs Changes to Strengthen Enforcement
DJ
01/14VISA INC. : to Announce Fiscal First Quarter 2021 Financial Results on January 2..
BU
01/14VISA : Transcript ( PDF 262 KB )
PU
01/13Visa temporarily suspends all political donations
RE
01/13GLOBAL MARKETS LIVE: Qualcomm, Boeing, Visa…
01/13KB HOME, GM, ALLY FINANCIAL : What to Watch When the Stock Market Opens Today
DJ
01/13KB HOME, GM, MODERNA : What to Watch When the Stock Market Opens Today
DJ
01/13NEW YEAR, NEW HABITS : Contactless Payments Are Here to Stay, With Only 16% of C..
BU
01/12VISA : Plaid call off merger following antitrust pressure
AQ
01/12VISA : and Plaid Announce Mutual Termination of Merger Agreement
BU
More news
Financials (USD)
Sales 2021 23 164 M - -
Net income 2021 11 769 M - -
Net Debt 2021 5 058 M - -
P/E ratio 2021 37,1x
Yield 2021 0,62%
Capitalization 472 B 472 B -
EV / Sales 2021 20,6x
EV / Sales 2022 17,4x
Nbr of Employees 20 500
Free-Float 84,3%
Chart VISA INC.
Duration : Period :
Visa Inc. Technical Analysis Chart | V | US92826C8394 | MarketScreener
Technical analysis trends VISA INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 38
Average target price 233,11 $
Last Close Price 201,86 $
Spread / Highest target 33,8%
Spread / Average Target 15,5%
Spread / Lowest Target -3,89%
EPS Revisions
Managers and Directors
NameTitle
Alfred F. Kelly Chairman & Chief Executive Officer
Ryan McInerney President
Vasant M. Prabhu Vice Chairman & Chief Financial Officer
Rajat Taneja President-Technology
John A. C. Swainson Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
VISA INC.-7.71%471 803
MASTERCARD INCORPORATED-8.41%325 925
PAYPAL HOLDINGS, INC.3.36%283 620
PALO ALTO NETWORKS, INC.2.19%35 163
AVAST PLC-1.40%7 464
MIMECAST LIMITED-20.30%2 894