Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, September 21, 2018

Article Excerpt

VISA INC., $150.05, New York symbol V, along with Mastercard and other credit card issuers, has agreed to settle a class-action lawsuit regarding the fees it charges retailers to process transactions. Those retailers accused Visa and the other companies of fixing those fees at artificially high rates. Visa’s share of the $6.2 billion settlement is $4.1 billion. That’s equal to 1.5 times the $2.8 billion, or $1.20 a share, that it earned in the quarter ended June 30, 2018. The company has already set the necessary funds in an escrow account, so the settlement will not impact its future earnings. OUR RECOMMENDATION: Visa is a buy. Visa recent coverage September 2018 issue June 2018 issue MICROSOFT CORP., $114.26, Nasdaq symbol MSFT, is the world’s largest software company. Its Windows operating system powers about 90% of the world’s personal computers. Microsoft will raise its quarterly dividend by 9.5% with the December 2018 payment, to $0.46 a share from $0.42. The new annual rate of $1.84 yields 1.6%. The…

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