Why I Bought More VISA Stock! (Undervalued)
Now in todays video we are looking at Visa Stock! This stock is very undervalued and carries a lot of growth! I hope you enjoy the video and if you have any questions let me know!
What is Visa?
Visa Inc. is an American multinational financial services corporation headquartered in Foster City, California, United States. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards.
Since revenue took a 5% tumble in fiscal 2020 (which ended Sept. 30), Visa has been inching its way back to growth in fiscal 2021. For the second quarter of its fiscal 2021, Visa featured an 11% year-over-year increase in total payments volume, a 2% year-over-year decline in revenue to $5.7 billion, and a 2% decline in net income to $3.0 billion. You read that correctly -- even while dealing with the ongoing effects of the pandemic, Visa generated a whopping net profit margin of 53%.