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Visa Inc. (V), headquartered in San Francisco, California, operates a retail electronic payments network and manages global financial services. Valued at $469.01 billion by market cap, the leading digital payments company also offers global commerce by transferring value and information among financial institutions, merchants, consumers, businesses, and government entities.
Shares of this digital payments giant have underperformed the broader market over the past year. V has gained 8.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 17%. In 2024, V stock is down marginally, while the SPX is up 9.8% on a YTD basis.