Added to YB: 2026-03-31
Pitch date: 2026-03-27
V [neutral]
Visa Inc.
+0.27%
current return
Author Info
Company Info
Visa Inc. operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
Market Cap
$563.3B
Pitch Price
$298.73
Price Target
N/A
Dividend
0.91%
EV/EBITDA
19.48
P/E
27.76
EV/Sales
13.74
Sector
Financial Services
Category
special_situation
Visa VS banks: the silent movement that can change the thesis
V (update): Board approved 2nd successive exchange offer for Class B shares, converting B-1/B-2 to B-3+C once US litigation fees drop 50% (from $49.6B to <$24.8B). Banks gain liquidity via transferable Class C shares after 15+ yrs. Pros: litigation deleveraging, simpler capital structure, Makewhole Agreements keep banks liable. Risks: potential Class A dilution, selling pressure as banks exit, regulatory signal of systemic legal risks. Question: If banks who know business best are reducing exposure, is aggressive buying at current multiples prudent?
Read full article (9 min)