ROTTENBERG JULIE B sold $773K of V

Visa (V) briefly hit a record $385.57 before closing at $382.49, down 0.4%. Q3 revenue rose 14% to $11.6B, adjusted net income to $6.3B. Payments volume and transactions increased 10%. The stock trades near 32x trailing earnings, 9.5% below GF Value. MarketWatch attributed broader rally to strong U.S. consumer spending.

Visa (V) and Mastercard (MA) shares hit record highs, with Visa rising 3.1% to $382.41. Visa reported Q3 revenue of $11.6B, up 14%, and net income of $5.6B, up 7%. Both companies are seen as indicators of U.S. consumer spending strength.

Pershing Square Capital Management acquired a 5.4-5.76% stake in Visa (NYSE:V), buying 3.27 million shares worth $1.12 billion. The firm also invested in Mastercard and S&P Global, totaling over $3 billion in financial infrastructure. Visa reported strong Q3 2026 results with double-digit revenue growth and expanding into AI and stablecoin-related areas.

Visa (NYSE: V) has joined the MAS-led BLOOM initiative to connect traditional payments with stablecoin networks. The initiative aims to enable interoperability and faster settlements, including weekends. Visa is partnering with Nium to pilot stablecoin settlements, exploring efficiency improvements for businesses and consumers. The pilot supports regulated stablecoins backed by major currencies like the US dollar and euro.

Visa shares hit a record high of $382.41, up 3.1%, with analysts seeing only 8.8% upside. Mastercard also reached a new peak. Visa reported a 14% rise in Q3 net revenue to $11.6B, with payments volume up 10%. The company's AI financial assistant is in U.S. pilot, but revenue impact is unclear.

Visa's stock rose 2.6% to $380.52, a 52-week high, driven by strong Q3 2026 results, institutional buying, and raised price targets. The company reported $11.6B revenue and $3.32 EPS, beating estimates. Bill Ackman's $1.1B stake also boosted sentiment. Mastercard also gained, while broader markets were mixed.