V – Market expectations are for Uniform ROA to expand to new peaks, and management is confident about partnerships, acquisitions, and growth

• Visa Inc. (V:USA) currently trades above corporate averages relative to UAFRS-based (Uniform) Earnings, with a 26.6x Uniform P/E, implying bullish expectations for the firm. Moreover, management is confident about their client partnership deals, acquisition strategy, and international growth
• Specifically, management is confident client partnership deals highlight Visa as the preferred partner across traditional clients, co-brands, and FinTechs, and is confident Visa will be the exclusive scheme for credit and debit card portfolios across St. George, Bank of Melbourne, and Bank of South Australia. They are also confident they will be both opportunistic and proactive in looking at potential acquisitions, and are confident about international revenue growth