I Still Can't Believe Visa Inc. Spent Over $7 Billion on Share Buybacks
The market capitalization of a great many companies on the stock exchange doesn't total $7 billion. That's a large pile of money. Yet it was that net amount (to be technical, it was $7.06 billion) that credit card giant Visa (NYSE: V) ultimately spent on share buybacks in 2016.
I'm not generally a fan of buybacks, although I accept that at times they can be useful for companies and beneficial for shareholders. But Visa's spend is simply excessive.
A huge share-repurchase tab is not unusual in the credit card sphere. Visa's rivals MasterCard (NYSE: MA), American Express (NYSE: AXP), and Discover Financial Services are also active buyers of their own stock.
Source: Fool.com
Mastercard Inc. A Aktie
409,60 €
0,21 %
Die Community liebt Mastercard Inc. A: Nur Buy-Einschätzungen, keine Sell-Einschätzungen.
Ein leicht positives Potenzial wird für Mastercard Inc. A mit einem Kursziel von 445 € im Vergleich zu 409.6 € gesehen.
