Client incentives are what Visa pays out to their issuing bank partners to increase its total payments volume (TPV), and when a partner renews, Visa's TPV goes up. In October, Visa said about 15-20% of its TPV is slated to be renewed in the first half of 2020. Visa has been spending more on rewards and perks such as airport lounge access, roadside assistance programs and travel insurance which pushed operating expenses up by 14% to $2.04 billion in the first quarter....
The world's largest payments network has been spending more on rewards and incentives such as airport lounge access, roadside assistance programs and travel insurance, which pushed up operating expenses to $2.04 billion in the three months ended Dec. 31. Earlier this month, Visa said it would buy fintech startup Plaid for $5.3 billion, as it seeks to expand into the digital and cashless economy. The company's net revenue rose 10% to $6.05 billion in the first quarter, but missed analysts' estimates of $6.08 billion, according to IBES estimates from Refinitiv....
If the share gain holds on Friday, it will be the biggest daily jump for Amazon since October 2017. Amazon also forecast operating income of up to $4.2 billion in the current quarter. "These results and Q1 forecast suggest we’re past the worst in terms of the margin pressure from the one-day shipping initiative, and that competitive concerns surrounding AWS have been massively overstated, removing two of the main bear arguments on the stock," said Atlantic Equities analyst James Cordwell....
Coca-Cola shares are popping after the beverage giant posted quarterly revenue that topped estimates. Sales were boosted by new products like "coke plus coffee." ...
