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With a market cap of $491.7 billion, Visa Inc. (V) is a global payment technology company that operates VisaNet, a transaction processing network. Based in San Francisco, California, it offers a range of payment products and services, including credit, debit, and prepaid cards, along with fraud management, digital solutions, and consulting services.
Shares of the credit card giant have underperformed the broader market over the past 52 weeks. V has gained 20.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 25.2%. In 2024, V shares are up 4.1%, compared to the SPX's 10.4% gains on a YTD basis.