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V - Visa Inc News Story

$190.86 0.2  0.1%

Last Trade - 22/05/20

Sector
Technology
Size
Large Cap
Market Cap £334.32bn
Enterprise Value £343.53bn
Revenue £19.64bn
Position in Universe 11th / 6359

BUZZ-Visa's domestic spending volume amid coronavirus concerns is positive sign - Compass Point

Tue 3rd March, 2020 12:50pm
** Brokerage Compass Point says payments tech company Visa's
 V.N  disclosure on domestic spending amid forecasted slowdown
in Q2 rev is positive signal for sector
    ** Visa on Monday flagged a hit to Q2 rev on concerns over
coronavirus outbreak  urn:newsml:reuters.com:*:nL4N2AV4YN 
    ** Company noted domestic spending growth in markets, except
Hong Kong and Singapore, remain "relatively stable"
    ** Compass Point says eCommerce volumes may be insulated
from a slowdown relative to card-present transactions 
    ** Adds most important thing to monitor going forward is
consumer spending and related macroeconomic indicators
    ** Last week, rivals Mastercard Inc  MA.N  and PayPal
Holdings Inc  PYPL.O  also warned of slowing Q1 rev growth due
to the outbreak 
    ** Brokerage emphasizes that the longer-term secular
tailwinds for the industry remain unchanged 
    ** Up to Monday's close, V up 2.3%, MA up 2.7%, PYPL up 4.3%
so far in 2020

 (Reporting by C Nivedita in Bengaluru)
 ((C.Nivedita@thomsonreuters.com;))
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