The American multinational financial corporation called Visa Inc., is providing the electronic fund transfer option for the person that is with the help of the credit, debit, and also prepaid cards. The cards are in complete security, and the company is headquartered in California. The stock NYSE: V at https://www.webull.com/quote/nyse-v is having a huge demand among most of the investors for trading in the stock market.
Impact of pandemic
The visa company has announced the third-quarter analysis in the month of June, and in it, the income of about 2.4 billion dollars is achieved. The company also received revenue of about 4.8 billion dollars. Thus when you are comparing this quarter results with the last year, it has indicated that the company has faced a sudden loss that is of about twenty percent on an average. It is not the biggest problem as the company is very confident in recovering from this situation in a short span of time.
Parts of the company
The payment services are the main segment of this company. But it is also trying to split the current segment into the four parts. One is the Data processing revenue, international transaction revenue, Service revenue, and other revenues. The net and the gross revenue of the NYSE: V is about 6.4 and 4.8 billion dollars, respectively. Data processing and service revenues have reached approximately 2.5 billion dollars each. The international transaction revenue is 1.1 billion dollars, whereas the other revenues are a total of 314 million dollars.
Buy visa stocks
The company has dropped in its revenue before ten corona situations, and now after that, it is rising gradually. The company is now selling the share price of 180 dollars per share. During the March quarter, the company has beat the revenue, and also the earnings per share of the company is of 1.39 dollars. Thus this is extra than the 0.04 dollars. Even after the recovery, still, the NYSE: V stock is in the down position. This does not mean that the stock will not make a good profit in the future. So if you are about to buy the stock, then you have made a good decision. This is the best stock like NYSE: COP at https://www.webull.com/quote/nyse-copfor the longterm investment, and also the shares of the stock will be more useful for gaining a huge amount in the upcoming years. The GDP growth of the company is maximum, and so the experts are saying it is good to buy now. The brokerages have announced the one year price target forecast, and this is ranging from 175 dollars to 250 dollars.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.