On October 27, Visa announced a $1 billion stock buyback program after reporting a 4th quarter profit of $514 million. This is good news for anyone owning shares of Visa such as myself. When a company buys its own stock this reduces the number of outstanding shares and results in higher earnings per share (EPS) which is one of the main drivers of stock price. A stock buyback also implies that the company is expecting earnings to increase in the future, which again means higher EPS and increasing stock price.
[...] finally, back in October I posted about Visa reporting a $1 billion stock buyback program. Since that announcement, Visa has gained [...]
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