Updated
Updated · MarketWatch · May 6
Visa stock slides 1% and underperforms in strong market session
Updated
Updated · MarketWatch · May 6

Visa stock slides 1% and underperforms in strong market session

6 articles · Updated · MarketWatch · May 6
  • The shares closed at $318.80 on Wednesday as the S&P 500 rose 1.46% to 7,365.12 and the Dow gained 1.24% to 49,910.59.
  • It was Visa's fifth straight daily decline, leaving the stock 15.10% below its 52-week high of $375.51 reached on 11 June.
  • Among peers, JPMorgan rose 1.78% and Bank of America added 0.90%, while Mastercard also fell, slipping 1.04% to $491.89.
Visa's profits are soaring, but its stock is falling. What does the market fear that the balance sheet doesn't show?
As new laws target swipe fees, can Visa's pivot to blockchain and AI save its decades-long dominance in payments?