#Visa November 24
We may earn money or products from the companies mentioned in this post.
Throughout November 2024, several of us are taking part in the 30-Day Dow Jones Coach4aday Challenge. Each day, we explore the history or learn about a company within the DJIA—a key economic and stock market indicator. Today’s post is on VISA.
Visa was founded in 1958 as BankAmericard, a credit card program introduced by Bank of America in Fresno, California. The program was initially designed to offer a universal credit card that could be widely accepted across multiple merchants. In 1976, the program was rebranded as Visa to create a more global identity. Today there is an estimated 312 million credit cards owned by the company in circulation.
On September 23, 2013, the company joined the Dow Jones Industrial Average (DJIA). The world of finance is not immune to irony and one of the companies removed from the Dow to allow Visa to join was Bank of America (BOA).
Dow Jones 30-Day Challenge Guidelines
Like previous challenges there are no hard and fast rules to participate. There are a few suggested guidelines
- Each day in November 2024 write about the history or a company that makes up the Dow Jones.
- Share at least one fact about that company.
- If so inclined use the hash tag #Coach4adayChallenge on social media platforms
November 24th-Visa
When Visa joined the DJIA in 2013 its stock price was around $44.00 a share. When the market closed on November 22, 2024 it was listed for $309.92. After V joined the Dow, it had one stock split in 2015.
In 2023 V reported earnings of 32.7 billion dollars
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