Welcome, Guest Login | Signup | Portfolio | Bookmark | Contact
Markets

Symbol Name
Click for Symbol Help




Visa Earnings Rise 51%

Wall Street Journal - Oct 27, 2010

Visa Inc.'s fiscal fourth-quarter profit grew 51% as consumers spent more and the number of transactions processed increased, helping revenue growth top expectations.

Payments volume, representing spending on Visa cards, climbed 14% for the three months ended June 30, on which revenue in the latest quarter is recognized.

Visa and its archrival MasterCard Inc., which reports results Tuesday, are insulated from credit woes arising from delinquencies because they don't lend to consumers. Instead, they make money from the fees they charge banks.

And while new financial rules left untouched the so-called network fees Visa and MasterCard charge banks on debit cards, they will likely lower income banks earn from debit cards. Investors are concerned that banks may try to offset this by lowering network fees or scaling back on debit cards

Read Full Article from Wall Street Journal

- Posted: 2010-10-27 22:17:43


 More Stock Investor Place Company News  
Alibaba's Jack Ma Is Moving On, With an IPO Looming
Pfizer’s Possible Unit Shuffle Triggers Breakup Concern
Lululemon Raises 4th-Quarter Guidance But Misses Expectations; Shares Down
Dell Shares Surge After Report of Possible Buyout
ARMZ Seeks Rest of Uranium One for $1.3 Billion; Won’t Raise Bid

 Stock Investor Place Company News Archive
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008















Featured Companies | My Place | News | Markets | Big Board | Blogs | Products & Services

Copyright 2024 Stock Investor Place Inc. All Rights Reserved.
Disclaimer - Terms of Use - Privacy Policy - Advertise