Low Risk Purchases in the Bearish Market: Visa
Visa stocks are trading at 10% of their peak values, which is an excellent result in the falling market compared to many other prominent shares. The company has very strong financials as number of financial transactions processed by the company continue to increase rapidly despite strong pandemic growth, which has now come to a standstill. Lockdowns promoted online payments and customers got used to this kind of transactions. Visa revenues rose by 19% year-on-year during Q3 2022. The company has bought back its shares for $11.6 billion and paid $3.2 billion during the last twelve months.
Moreover, Visa is benefiting from the reopening of the travel industry and the recovering sector. The number of international transfers increased by 36% year-on-year. The company estimates that overseas travel to Asia have recovered only by 70% by this time. So, China’s reopening may boost its revenues further up.
Disclaimer:
The comments, insights, and reviews posted in this section are solely the opinions and perspectives of authors and do not represent the views or endorsements of RHC Investments or its administrators, except if explicitly indicated. RHC Investments provides a platform for users to share their thoughts on financial market news, investing strategies, and related topics. However, we do not guarantee the accuracy, completeness, or reliability of any user-generated content.
Investment Risks and Advice:
Please be aware that all investment decisions involve risks, and the information shared on metadoro.com should not be considered as financial advice. Always conduct thorough research, seek professional advice, and exercise caution when making investment decisions.
Moderation and Monitoring:
While we strive to maintain a respectful and informative environment, we cannot endorse or verify the accuracy of all user-generated content. We reserve the right to moderate, edit, or remove any comments or posts that violate our community guidelines, infringe on intellectual property rights, or contain harmful content.
Content Ownership:
By submitting content to metadoro.com, users grant RHC Investments a non-exclusive, royalty-free license to use, display, and distribute the content. Users are responsible for ensuring they have the necessary rights to share the content they post.
Community Guidelines:
To maintain a positive and respectful community, users are expected to adhere to the community guidelines of Metadoro. Any content that is misleading, offensive, or violates applicable laws and regulations will be subject to moderation or removal.
Changes to Disclaimer:
We reserve the right to update, modify, or amend this disclaimer at any time. Users are encouraged to review this disclaimer periodically to stay informed about any changes.
