Visa Is One of the Largest Financial Companies by Market Cap. But Is It a Buy?
Annual global gross domestic product (GDP) now totals in the ballpark of $110 trillion. It's not a surprise that with so much economic activity, leading businesses dealing with anything related to financial services should also be extremely valuable. The proof is in the numbers.There's no shortage of massive financial enterprises carrying huge market caps. For instance, Visa (NYSE: V) is currently worth a jaw-dropping $725 billion. It's without a doubt one of the largest companies on the face of the planet. But is this stock, which has soared 36% in the past 12 months (as of June 12), a smart buy right now? Here's what investors need to know.Continue reading
Annual global gross domestic product (GDP) now totals in the ballpark of $110 trillion. It's not a surprise that with so much economic activity, leading businesses dealing with anything related to financial services should also be extremely valuable. The proof is in the numbers.
There's no shortage of massive financial enterprises carrying huge market caps. For instance, Visa (NYSE: V) is currently worth a jaw-dropping $725 billion. It's without a doubt one of the largest companies on the face of the planet.
But is this stock, which has soared 36% in the past 12 months (as of June 12), a smart buy right now? Here's what investors need to know.
