{"id":145962,"date":"2023-09-15T08:46:48","date_gmt":"2023-09-15T06:46:48","guid":{"rendered":"https:\/\/investmentbell.com\/?p=145962"},"modified":"2023-09-15T08:46:51","modified_gmt":"2023-09-15T06:46:51","slug":"visa-discusses-exchange-offer-for-major-banks-stock-faces-turbulence","status":"publish","type":"post","link":"https:\/\/investmentbell.com\/it\/news\/stocks\/visa-discusses-exchange-offer-for-major-banks-stock-faces-turbulence\/","title":{"rendered":"Visa discute l&#039;offerta di scambio per le principali banche, le azioni affrontano turbolenze"},"content":{"rendered":"<p>In a move that has sparked mixed reactions from Wall Street analysts,&nbsp;Visa Inc&nbsp;(NYSE:<a href=\"https:\/\/www.investing.com\/equities\/visa-inc\" target=\"_blank\" rel=\"noopener\">V<\/a>). is currently in talks with its shareholders regarding a potential exchange offer. This proposition, announced after market hours on Wednesday, would allow major banks to convert up to 50% of their non-publicly traded class B shares into publicly traded class A shares listed on the New York Stock Exchange (NYSE).<\/p>\n\n\n\n<p>The three-tier common stock structure of Visa, which includes Class A, B, and C shares, was established during its initial public offering in 2008. Class B shares are held by domestic banks and Class C shares by non-U.S. banks, with neither being publicly traded. The creation of class B stock served to shield class A and C shareholders from certain pre-IPO litigation.<\/p>\n\n\n\n<p>Analysts have differing views on the proposed exchange. James Faucette of Morgan Stanley believes that the potential exchange would be beneficial to all of Visa&#8217;s shareholders. He maintains that for class A and C shareholders, such an exchange would alleviate uncertainty regarding the conversion and eventual public trading of class B shares. Faucette maintains an Overweight rating for Visa stock with a price target of $292.<\/p>\n\n\n\n<p>On the other hand, Trevor Williams from Jefferies suggests that the proposed exchange could create an overhang for the stock. Despite this concern, Williams rates Visa stock as Buy with a price target of $280.<\/p>\n\n\n\n<p>The news appears to have had an immediate impact on Visa&#8217;s stock performance. On Thursday, Visa&#8217;s stock plunged by 2.7% to $241.49, marking it as the worst performer in the\u00a0Dow Jones Industrial Average\u00a0and the second-worst performer in the\u00a0<a href=\"https:\/\/www.investing.com\/indices\/us-spx-500\" target=\"_blank\" rel=\"noopener\">S&amp;P <\/a>500.<\/p>\n\n\n\n<p><em>This article was generated with the support of AI and reviewed by an editor. For more information see our T&amp;C.<\/em><\/p>\n<div class=\"rate-now\"><span id=\"rate-mypost145962\"><\/span> <span id=\"rate-points\"> 0<\/span><\/div>\n\t\t\t<script type=\"text\/javascript\">jQuery('#rate-mypost145962').raty({\n\t\t\t\thalfShow : true,\n\t\t\t\thalf: true,readOnly: true,score: 0,\n\t\t\t\tpath: \"https:\/\/investmentbell.com\/wp-content\/plugins\/userpro-rating\/images\/\"\n\t\t\t\t});<\/script>","protected":false},"excerpt":{"rendered":"<p>In a move that has sparked mixed reactions from Wall Street analysts,&nbsp;Visa Inc&nbsp;(NYSE:V). is currently in talks with its shareholders regarding a potential exchange offer. This proposition, announced after market hours on Wednesday, would allow major banks to convert up to 50% of their non-publicly traded class B shares into publicly traded class A shares [&hellip;]<\/p>","protected":false},"author":13,"featured_media":145963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-145962","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"_links":{"self":[{"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/posts\/145962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/comments?post=145962"}],"version-history":[{"count":1,"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/posts\/145962\/revisions"}],"predecessor-version":[{"id":145964,"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/posts\/145962\/revisions\/145964"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/media\/145963"}],"wp:attachment":[{"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/media?parent=145962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/categories?post=145962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investmentbell.com\/it\/wp-json\/wp\/v2\/tags?post=145962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}