Visa launched multiple initiatives this year, including a scam disruption program, rapid adoption of Tap to Phone, an AI commerce vision, and expanded digital-currency capabilities. Fiscal third-quarter results beat Wall Street estimates and showed resilient consumer spending, and the company announced a $30 billion share buyback. The stock reached an all-time high above $375 in June but now lags the S&P 500 and sits slightly below its six-month level. Visa connects roughly 100 million merchants and 15,000 banks and has issued over 4.5 billion cards, creating a wide moat while facing potential regulatory pressure to curb the card duopoly and fees.
So far this year, Visa Inc. ( NYSE: V) has unveiled a scam disruption initiative, adoption of its "Tap to Phone" technology has soared, it unveiled its vision for artificial intelligence (AI) in commerce, and it expanded its capabilities in the digital currency space. Fiscal third-quarter results exceeded Wall Street estimates, showing that consumer spending remains resilient. The company also announced a $30 billion share buyback plan. All this has helped buoy the stock despite economic uncertainty.
The share price hit an all-time high above $375 in June, but now it is 3% lower than six months ago, underperforming the S&P 500. Since Visa's initial public offering, the stock has risen more than 2,150%. About half of that gain has come in the past five years. The question for investors is where the stock goes from here.
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