Visa is due to announce earnings on July 27, and as you know the stock is recently had a decent run and had some favorable court rulings that have helped every credit card stock. Credit card companies have tightened up their business as far as who they offer credit cards to…they are being more selective. One has to remember that they are never really truly on the hook for any of the money spent.
Expected $1.23, Previous $1.23
It completed a $1 billion stock buyback program earlier this month. The Fed’s limit that was imposed last month on VISA seems to not be as a big of a deal as we all thought it would be, but nevertheless VISA has decreased its own expectations for the quarter…
A reading of the U.S. equity market on an options expiration day - BNN heads to the CBOE in Chicago for trading floor commentary from Dan Deming, Managing Director, Stutland Volatility Group. Dan on Business News Network