Solid News

Visa Inc., Market Update

8/10/2022 3:58 PM

The shares of Visa Inc., America's largest multinational payment services company, correct at 210.00.

In its recent report for the third quarter, the corporation showed a 32% increase in net income to 3.4B dollars, which is significantly higher than 2.6B dollars a year earlier. According to management, the suspension of activities in the Russian Federation did not significantly affect revenue, which fell only 5% to 7.28B dollars, above the 7.08B dollars forecast by analysts. Earnings per share also rose to 1.98 dollars, up from 1.79 dollars a quarter earlier. According to the forecast for the fourth quarter, revenue will rise by another 10%, and its total annual growth will reach 20%.

The dividend payment is scheduled for September 1, and shareholders will receive 0.375 dollars per share, which is 0.71% of income. The shareholder register will be closed on August 11.

The trading instrument is kept within the global sideways channel, gradually approaching its upper border. A local signal to buy from technical indicators has already been received: indicator Alligator’s EMA oscillation range expands upwards, and the histogram of the AO oscillator is forming upwards bars in the positive zone.

Resistance levels: 217.00, 235.00. | Support levels: 203.50, 186.40.

Find Us
First Floor, First St Vincent Bank LTD Building James Street Kingstown St Vincent and the Grenadines
Call Us
+1 415 367 3742

Solid ECN Securities is an international brand formed and authorized in Saint Vincent and the Grenadines with the registration number 1390 LLC 2021 committed to offering the best possible trading experience. Disclosure: Please note that foreign exchange and other leveraged trading involve a significant risk of loss. It is not fit for all investors and you should make sure you realize the risks involved, seeking independent advice if necessary.
Solid ECN Securities and it affiliates don't accept applications from Indonesia, Egypt, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, South Sudan and other restricted countries.
Copyright All Right Reserved 2023