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Sectors

Sector Update: Financial Stocks Softer Late Afternoon

Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index down 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) decreasing 0.2%.The Philadelphia Housing Index fell 2.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.2%.Bitcoin (BTC-USD) was fractionally lower at $61,685, and the yield for 10-year US Treasuries rose 1.4 basis points to 4.542%.In economic news, the US seasonally adjusted consumer price index, a measure of inflation, rose by 0.5% in May, as expected, following a 0.6% increase in April, according to data released Wednesday by the Bureau of Labor Statistics. Core CPI, which excludes food and energy prices, rose by 0.2%, below the consensus estimate for a 0.3% increase. Core CPI rose by 0.4% in April. The year-over-year rates for overall and core CPI increased to 4.2% and 2.9%, respectively, from 3.8% and 2.8% in the previous month.In corporate news, JPMorgan Chase (JPM) and Bank of America (BAC) are among the major US banks that have received subpoenas from the Justice Department seeking information over whether they "debanked" clients for political reasons, The Wall Street Journal reported. JPMorgan shares were down 0.4%, and Bank of America rose 0.7%.Visa (V) said Wednesday its payment services will be integrated into OpenAI's platform to allow retailers to accept purchases from AI agents. Visa shares were shedding 0.4%.Nasdaq (NDAQ) Verafin is launching a new set of agentic workers, beginning with the Agentic AML Analyst and the Agentic Fraud Analyst, the firm said. The shares were down 0.8%.Brookfield Asset Management (BAM) is expanding its offerings for wealthy investors in Japan, targeting infrastructure, real estate, and private credit as hedges against inflation, Nikkei reported. Brookfield shares were falling 3.2%.

$BAC$BAM$JPM$NDAQ$V
Wire

Visa Introduces New AI, Stablecoin, Token Capabilities

Visa (V) introduced new artificial intelligence, stablecoin and token capabilities at the Visa Payments Forum conference, the company said Wednesday.Visa is partnering with AI platforms to ensure agent-initiated transactions are transparent and trusted, and has introduced improvements to its tokens to bring more data, context and assurance into the credentials used in digital commerce, it said.Additionally, Visa will build the technology layer that enables banks to turn traditional deposits into programmable, always-on digital money, the company said, adding that it is expanding stablecoin settlement pilots across multiple regions, blockchains and currencies.Price: $324.76, Change: $-0.29, Percent Change: -0.09%

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Wire

Visa Partners With OpenAI to Let AI Agents Make Purchases Online

Visa (V) said Wednesday its payment services will be integrated into OpenAI's platform to allow retailers to accept purchases from AI agents."Visa will provide its global network, credentialing capabilities and security infrastructure to support agentic commerce experiences," according to a statement.Price: $324.03, Change: $-1.02, Percent Change: -0.31%

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Wire

Visa Reportedly Partners With OpenAI to Let AI Agents Make Purchases Online

Visa Reportedly Partners With OpenAI to Let AI Agents Make Purchases Online

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Sectors

Sector Update: Financial Stocks Advance Premarket Wednesday

Financial stocks were advancing premarket Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) 0.2% higher.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.5% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.7% lower.Oversea-Chinese Banking handily outbid rivals in a recent deal to acquire the retail and wealth assets of HSBC (HSBC) in Indonesia, Bloomberg News reported, citing people familiar with the matter. Shares of HSBC were up more than 1% pre-bell.Visa (V) has launched its agentic-ready program in Central Europe, Middle East, and Africa to support its payment system, the company said. Visa shares were 0.3% higher premarket.JPMorgan Chase (JPM) has launched its digital savings bank, Chase, in Germany, the company said. JPMorgan Chase stock was up 0.3% pre-bell.

$FAS$FAZ$HSBC$JPM$V$XLF
Insider Trading

Visa Insider Sold Shares Worth $3,455,665, According to a Recent SEC Filing

Chris Suh, Chief Financial Officer, on May 12, 2026, sold 10,639 shares in Visa (V) for $3,455,665. Following the Form 4 filing with the SEC, Suh has control over a total of 9,872 Class A common shares of the company, with 9,872 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1403161/000140316126000083/xslF345X05/form4.xml

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Wire

Visa Concludes Exchange Offer for Class B-1, B-2 Common Stock

Visa (V) said Monday its exchange offer for Class B-1 and B-2 common stock expired May 8.The company accepted about 2.7 million Class B-1 shares and 119.8 million Class B-2 shares for conversion into new stock tiers, it added.Visa will issue 60.6 million Class B-3 shares and 23.3 million Class C shares to participating holders, the company said.The company will provide cash for fractional shares based on a $318.79 Class A closing price, Visa added.Price: $321.21, Change: $+2.42, Percent Change: +0.76%

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Wire

Update: Market Chatter: Nvidia, Apple, Exxon CEOs to Be Invited on Trump's China Trip

(Updates to add a response from the White House in the third paragraph.)The Trump administration plans to invite CEOs from Nvidia (NVDA), Apple (AAPL), Exxon Mobil (XOM), and Boeing (BA) to accompany the president on his trip to China next week, Semafor reported Thursday, citing a person familiar with the matter.The list also includes executives from Qualcomm (QCOM), Blackstone (BX), Citigroup (C), and Visa (V), and it may expand in the coming days, the report said.A spokesperson for the White House toldin an emailed response that until an official list is released, reports about which CEOs have been invited should be regarded as speculation.The companies did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $214.66, Change: $+3.16, Percent Change: +1.49%

$AAPL$BA$BX$C$NVDA$QCOM$V$XOM
Wire

Market Chatter: Nvidia, Apple, Exxon CEOs to Be Invited on Trump's China Trip

The Trump administration plans to invite CEOs from Nvidia (NVDA), Apple (AAPL), Exxon Mobil (XOM), and Boeing (BA) to accompany the president on his trip to China next week, Semafor reported Thursday, citing a person familiar with the matter.The list also includes executives from Qualcomm (QCOM), Blackstone (BX), Citigroup (C), and Visa (V), and it may expand in the coming days, the report said.The White House and the companies did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $212.95, Change: $+5.29, Percent Change: +2.54%

$AAPL$BA$BX$C$NVDA$QCOM$V$XOM
Wire

Street Color: Trump Administration Plans to Invite Firms' CEOs on China Trip, Semafor Reports

Street Color: Trump Administration Plans to Invite Firms' CEOs on China Trip, Semafor Reports

$AAPL$BA$BX$C$NVDA$QCOM$V$XOM
Wire

Mastercard, PayPal, Visa Face Investigation Under Competition Act by UK's Financial Conduct Authority

Mastercard (MA), PayPal (PYPL), and Visa (V) are facing an investigation by UK's Financial Conduct Authority under the Competition Act 1998 for suspected anti-competitive conduct liked to funding and usage of PayPal's digital wallet, the government body said Wednesday.The Financial Conduct Authority added that it has reached no conclusions nor made any findings with regard to competition law having been broken.A Mastercard spokesperson toldthat the company has received an information notice from the FCA requesting details about to its contractual relationship with PayPal and will be will be cooperating fully and transparently with the FCA.A Visa spokesperson also said in an emailed response tothat the FCA has informed the company that it has opened an inquiry into certain contractual provisions regarding the PayPal digital wallet.PayPal did not immediately respond to' request for comment.Price: $497.14, Change: $+0.06, Percent Change: +0.01%

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Wire

Visa Canada Partners With Wealthsimple on Stablecoin Settlement Pilot Program in Canada

Visa (V) and Wealthsimple said Tuesday they are working together on a stablecoin settlement pilot program in Canada.Wealthsimple can now satisfy certain settlement obligations with Visa Canada in USD Coin through the pilot program, they said.Price: $322.20, Change: $-4.65, Percent Change: -1.42%

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Wire

Visa Canada Partners With Wealthsimple on Stablecoin Settlement Pilot Program in Canada

Visa Canada Partners With Wealthsimple on Stablecoin Settlement Pilot Program in Canada

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Wire

Electronic Arts, Visa Launch Multi-Year Partnership for Branded Experiences Across EA SPORTS Franchises

Electronic Arts (EA) said Monday it has agreed to a global, multi-year collaboration with Visa (V) for branded experiences across EA SPORTS franchises such as EA SPORTS FC and EA SPORTS College Football.Financial details of the partnership were not disclosed.Under the collaboration, players globally can earn in-game rewards and participate in a branded Visa Objective in EA SPORTS FC 26, including Squad Building Challenges and a branded Visa Live Game Mode, the company said.In EA SPORTS College Football, players can participate in Visa-themed College Ultimate Team challenges, featuring curated objectives, lineup-building moments, and limited-time events, to earn in-game rewards, Electronic Arts added.Price: $202.13, Change: $+0.03, Percent Change: +0.02%

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Insider Trading

Visa Insider Sold Shares Worth $10,699,204, According to a Recent SEC Filing

Ryan McInerney, Director, Chief Executive Officer, on April 29, 2026, sold 31,455 shares in Visa (V) for $10,699,204. Following the Form 4 filing with the SEC, McInerney has control over a total of 280,342 Class A common shares of the company, with 15,174 shares held directly and 265,168 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1403161/000140316126000081/xslF345X05/form4.xml

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US Markets

Mastercard Tops First-Quarter Views, Flags Headwinds From Middle East Conflict

Mastercard's (MA) first-quarter results outpaced Wall Street's estimates, though the payments giant said that the Middle East conflict was impacting spending on cross-border travel.Adjusted earnings rose to $4.60 a share for the three months through March from $3.73 a year earlier, topping the FactSet-polled consensus of $4.41. Revenue climbed 16% to $8.40 billion, ahead of the Street's view for $8.26 billion.Cross-border volume increased 13%, marking a slowdown from a 14% jump in the fourth quarter, according to an investor presentation.While travel and non-travel spending gained in the first quarter, the company experienced "some impact on cross-border travel" from the Iran war in March, Chief Financial Officer Sachin Mehra said during an earnings call, according to a FactSet transcript.Cross-border volume for the month of April through Tuesday grew 9% year-over-year, making a further deceleration compared with the first quarter's tally."We are operating in a period of heightened uncertainty, magnified by the ongoing conflict in the Middle East," Mehra told analysts. "Since the outbreak of the conflict at the end of February, we have seen restrictions on travel and a reduction in the world's energy supply."The stock fell 3.7% in Thursday trade, and is down 11% year to date.Gross dollar volume jumped 7.3% in local currency terms to $2.703 trillion in the first quarter.For the second quarter, Mastercard expects annual revenue growth at the low end of low double digits, on an adjusted basis, according to the slide deck. The Street is looking for $9.11 billion in sales."We assume the conflict ends in (the second quarter) and the related headwinds will be largest in (the second quarter), and then progressively recover as we move through the second half of the year," Mehra told analysts.Mastercard maintained its non-GAAP 2026 revenue growth outlook that assumes the company finishing the year at the high end of low double digits, the presentation showed. The market view is for revenue of $37 billion.Visa (V) lifted its full-year growth outlook on Tuesday and logged better-than-expected fiscal second-quarter results.Price: $507.29, Change: $-17.94, Percent Change: -3.42%

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US Markets

Equities Mixed Following Fed Pause; Oil Gains

US equities closed mixed Wednesday after the Federal Reserve kept interest rates steady at the end of what was likely Jerome Powell's last policy meeting as central bank chief.The Dow Jones Industrial Average fell 0.6% to 48,861.8, while the Nasdaq Composite and the S&P 500 were little changed at 24,673.2 and 7,136, respectively. Most sectors ended in the red, led by utilities, while energy paced the gainers.The central bank's Federal Open Market Committee left its policy rate unchanged as policymakers saw the Middle East conflict fueling uncertainty around the US economic outlook.In a post-meeting press conference, Powell said he will stay on as a Fed governor for an indefinite period after his term as Fed chief expires on May 15. Earlier in the day, the US Senate Banking Committee voted to advance Kevin Warsh's nomination as Fed chair to the Republican-controlled Senate.Fed Governor Stephen Miran dissented from the majority at the meeting, preferring to reduce rates by a quarter percentage point, the FOMC said. Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari and Dallas Fed President Lorie Logan supported the policy decision, but opposed including an easing bias in the statement.There were only minor changes to the policy statement, but overall sentiment "leaned slightly hawkish, with several participants voting against maintaining the current easing bias," TD Economics said in a report."It seems very unlikely that a Warsh Fed will quickly pivot to lowering interest rates," TD Senior Economist Thomas Feltmate said in a note. "Decisions are made by a majority vote, and it's becoming clear that many participants are reluctant to take rates any lower amid a resilient economy and still elevated inflationary pressures."Oil prices surged after President Donald Trump reportedly rejected an Iranian proposal to lift a US naval blockade. Brent crude was last up 7.5% at $119.62 per barrel, while West Texas Intermediate crude jumped 7.8% to $107.70.Trump told Axios on Wednesday he will maintain the US naval blockade of Iranian ports until Tehran agrees to a nuclear deal. Iran wanted the Strait of Hormuz opened before the two sides could sit down to discuss uranium enrichment at a later stage.In a social media post on Wednesday, Trump said Iran "better get smart soon.""Crude oil has resumed its war-driven rally, with Brent rising almost non-stop since a brief mid-month tumble to ($86 per barrel), when hopes for a peace deal and a short-lived reopening of the Strait of Hormuz triggered a sharp but temporary correction," Saxo Bank Head of Commodity Strategy Ole Hansen said in a report Wednesday.US Treasury yields were higher, with the 10-year rate up 6.4 basis points at 4.42% and the two-year rate rising 9.1 basis points to 3.94%.In company news, Visa (V) shares jumped 8.3%, the biggest gain on the Dow, after the payments giant lifted its full-year growth outlook and reported better-than-expected fiscal second-quarter results.NXP Semiconductors (NXPI) shares surged nearly 26%, the best performer on the S&P 500, after the company reported fiscal first-quarter results late Tuesday.Brown-Forman (BF.A, BF.B) class B shares slumped 10%, among the steepest declines on the S&P 500. The company said late Tuesday that it and Pernod Ricard terminated discussions regarding a potential business combination.Gold fell 1% at $4,560.50 per troy ounce, while silver dropped 1.5% to $72.14 per ounce.

Dow JonesNasdaq CompositeS&P 500$BF.A$BF.B$NXPI$V
Sectors

Sector Update: Financial Stocks Mixed Late Afternoon

Financial stocks were mixed in late Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.1%.The Philadelphia Housing Index was falling 1.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.9%.Bitcoin (BTC-USD) was declining 1.4% to $75,268.8, and the yield for 10-year US Treasuries rose 6.2 basis points to 4.42%.In economic news, the Federal Open Market Committee maintained its federal funds rate target at 3.50% to 3.75%, as expected, but four officials dissented, its statement Wednesday afternoon showed.Federal Reserve Chair Jerome Powell said Wednesday at a press conference that he will remain on the Federal Reserve board for a period of time after his term as chair ends on May 15, noting the recent attacks on the Fed and saying that "the things that have happened really in the last three months I think left me no choice but to stay until I see them through at least that long."In corporate news, Blackstone (BX) is planning to integrate its growth business into a new West Coast-based unit that will focus on its AI portfolio and high-growth tech bets, Bloomberg reported, citing an internal company note. Blackstone shares were down 1.6%.PayPal (PYPL) Chief Executive Enrique Lores told managers this week that he is reorganizing the company to make Venmo its own standalone segment within PayPal, CNBC reported. PayPal shares rose 2.6%.Robinhood (HOOD) shares fell past 13% after it reported Q1 earnings and revenue that missed analysts' expectations.Visa (V) shares jumped more than 8% after it lifted its full-year growth outlook and reported better-than-expected fiscal Q2 results.

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Wire

Visa Growth Set to Accelerate on Value-Added Services, Pricing, Cross-Border Strength, UBS Says

Visa's (V) net revenue growth is set to accelerate, driven by pricing actions, value-added services expansion, cross-border strength and Visa Direct, UBS Securities said in a note Wednesday.With updated guidance pointing to low-double-digit to low-teens net revenue growth, Visa appears positioned to accelerate from about 11.5% last year to nearly 13% on an organic foreign exchange-neutral basis.UBS said the strength reflects a combination of structural drivers, including expanding value-added services, ongoing pricing initiatives across multiple programs, resilient cross-border activity and steady growth in Visa Direct, which contributes about 8% to 9% of payment volumes.The firm said Visa also remains well-positioned for both transaction and yield enhancement in areas such as agentic commerce, including tokenization and authentication services, as well as emerging opportunities in stablecoins and new payment flows.The brokerage also highlighted a migration of Wells Fargo (WFC) to Pismo's core account ledger over the coming years as part of the bank's core modernization efforts, describing it as a notable incremental win for Visa's platform strategy.UBS has a buy rating on Visa and raised the price target to $410 from $390.Shares of Visa rose 9% in Wednesday afternoon trading.Price: $336.94, Change: $+27.64, Percent Change: +8.94%

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Sectors

Sector Update: Financial Stocks Edge Lower in Afternoon Trading

Financial stocks edged down in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) fractionally lower.The Philadelphia Housing Index was falling 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.4%.Bitcoin (BTC-USD) was declining 0.5% to $75,931, and the yield for 10-year US Treasuries rose 4.8 basis points to 4.40%.In sector news, the US Senate Banking Committee on Wednesday voted 13-11 to advance Kevin Warsh's nomination as the next chair of the Federal Reserve, according to media reports. Warsh is on track to be confirmed by the full Senate before current Fed Chair Jerome Powell's term ends on May 15, the reports said.In corporate news, Robinhood (HOOD) shares fell past 13% after it reported Q1 earnings and revenue that missed analysts' expectations.Visa (V) shares jumped nearly 9% after it lifted its full-year growth outlook and reported better-than-expected fiscal Q2 results.OppFi (OPFI) shares rose 1.8% after it has agreed to acquire BNCCORP and its wholly owned unit BNC National Bank in a cash-and-stock deal valued at about $130 million.

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