Can Visa Join the $1 Trillion Market Cap Club?
Payment processing giant Visa (NYSE: V) has grown into a mega cap stock in just a little over a decade as a publicly traded company, with a market capitalization of about $420 billion as of this writing. Since going public in 2008, Visa's stock price has increased by nearly 1,300% thanks to the gradual transition away from cash payments around the world, the surge in cross-border payment transactions, and smart expense management by the company. Another 140% gain would catapult Visa into the trillion-dollar club, and if the company's past performance is any indicator, such a move would certainly be possible.
