Analyst Coverage

Firm Analyst
Argus Research David Ritter
Atlantic Equities  Chris Hickey 
Autonomous Research Craig Maurer
Bank of America/Merrill Lynch Kenneth  Bruce
Barclays Capital Darrin Peller
Bernstein Research  Lisa Ellis
Buckingham Research David Hochstim
Citigroup Don Fandetti
Cowen & Co. Moshe Katri
Credit Suisse Moshe Orenbuch
Deutsche Bank Securities Bryan Keane
Evercore Partners David  Togut
FBR Capital Markets Scott Valentin
Goldman Sachs Jim Schneider
Guggenheim Securities David Darst
J.P. Morgan Tien-Tsin Huang
Jefferies & Co. Jason Kupferberg
Keefe, Bruyette & Woods Sanjay Sakhrani
Macquarie Research Kevin McVeigh
Morgan Stanley Smittipon Srethapramote
Morningstar Jim Senegal
Nomura Securities Bill Carcache
Oppenheimer & Co. Glenn Greene
Pacific Crest Josh Beck
Piper Jaffray  Jason Deleeuw
Raymond James Wayne Johnson
RBC Capital Markets Dan Perlin
Robert W. Baird David Koning
Sandler O'Neill & Partners Christopher Donat
S&P Capital IQ Sonia Parechanian
Sterne, Agee & Leach, Inc. Thomas McCrohan
Stiefel Nicolaus & Company Inc. Christopher Brendler
SunTrust Robinson Humphrey Andrew Jeffrey
Susquehanna Financial Group James Friedman
Topeka Capital Markets John Williams
Wedbush Gil Luria
Wells Fargo Securities Timothy Willi
William Blair & Company Robert Napoli

Visa, Inc. is followed by the analysts listed above. Please be advised that any opinions, estimates or forecasts regarding Visa’s performance made by these analysts are theirs alone and do not represent opinions, estimates, forecasts or predictions of Visa, Inc. or its management. Visa, Inc. does not by its reference to the list above imply its endorsement of or concurrence with any such information, conclusions or recommendations as may be provided or made by such analysts. The list above includes analysts currently known by Visa, Inc. to follow the company, but may not be complete and may change as firms add or delete coverage. Visa, Inc. undertakes no obligation to update this list and does not distribute information or reports prepared by analysts.