Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the userpro domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u768393806/domains/investmentbell.com/public_html/wp-includes/functions.php on line 6121

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the userpro-rating domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u768393806/domains/investmentbell.com/public_html/wp-includes/functions.php on line 6121

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the permalink-manager domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u768393806/domains/investmentbell.com/public_html/wp-includes/functions.php on line 6121

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the rocket domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u768393806/domains/investmentbell.com/public_html/wp-includes/functions.php on line 6121

Notice: Funktionen _load_textdomain_just_in_time anropades felaktigt. Laddning av översättningar för domänen td-cloud-library utlöstes för tidigt. Detta betyder vanligtvis att någon programkod i tillägget eller temat körs för tidigt. Översättningar ska läsas in vid åtgärden init eller senare. Mer information finns i Felsökning i WordPress. (Detta meddelande lades till i version 6.7.0.) in /home/u768393806/domains/investmentbell.com/public_html/wp-includes/functions.php on line 6121
Visa Discusses Exchange Offer For Major Banks, Stock Faces Turbulence | InvestmentBell

NyheterLagerVisa diskuterar byteserbjudande för storbanker, aktien står inför turbulens

Visa diskuterar byteserbjudande för storbanker, aktien står inför turbulens

In a move that has sparked mixed reactions from Wall Street analysts, Visa Inc (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 listed on the New York Stock Exchange (NYSE).

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.

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’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.

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.

The news appears to have had an immediate impact on Visa’s stock performance. On Thursday, Visa’s stock plunged by 2.7% to $241.49, marking it as the worst performer in the Dow Jones Industrial Average and the second-worst performer in the S&P 500.

Den här artikeln skapades med stöd av AI och granskades av en redaktör. För mer information se vår T&C.

0
RELATERADE ARTIKLAR
video
play-rounded-fill

Mest populär