Visa Profit Surges 17% as Consumer Card Spending Climbs

Bloomberg04-24

Worldwide payments volume and processed transactions both roseFirm sees low double-digit revenue growth in current quarterVisa Inc. reported a quarterly profit that beat Wall Street predictions as US ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Andrewinho
04-24
Andrewinho
👏👏👏🚀🚀🚀

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1146264395?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-24 06:57","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1146264395","market":"us","top_or_hot":-1,"title":"Visa Profit Surges 17% as Consumer Card Spending Climbs","media":"Bloomberg","content":"<div>\n<p>Worldwide payments volume and processed transactions both roseFirm sees low double-digit revenue growth in current quarterVisa Inc. reported a quarterly profit that beat Wall Street predictions as US ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-04-23/visa-profit-climbs-17-as-consumer-credit-card-spending-grows\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Visa Profit Surges 17% as Consumer Card Spending Climbs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVisa Profit Surges 17% as Consumer Card Spending Climbs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-24 06:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-04-23/visa-profit-climbs-17-as-consumer-credit-card-spending-grows><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Worldwide payments volume and processed transactions both roseFirm sees low double-digit revenue growth in current quarterVisa Inc. reported a quarterly profit that beat Wall Street predictions as US ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-04-23/visa-profit-climbs-17-as-consumer-credit-card-spending-grows\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"V","symbol_name":"Visa","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2024-04-23/visa-profit-climbs-17-as-consumer-credit-card-spending-grows","article_id":"1146264395","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1146264395","pubTimestamp":1713913077,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Worldwide payments volume and processed transactions both roseFirm sees low double-digit revenue growth in current quarterVisa Inc. reported a quarterly profit that beat Wall Street predictions as US ","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"V":"Visa"},"translate_title":"随着消费卡消费攀升，Visa利润飙升17%","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"V":1.1},"content_text":"Worldwide payments volume and processed transactions both roseFirm sees low double-digit revenue growth in current quarterVisa Inc. reported a quarterly profit that beat Wall Street predictions as US credit-card spending climbed.Shares of San Francisco-based Visa rose 2.15% to $280.01 in extended trading in New York.Adjusted net income for the fiscal second quarter rose 17% to $5.1 billion, or $2.51 a share, Visa said Tuesday in a statement. That was 7 cents more than the average estimate of analysts in a Bloomberg survey.In the US, where Visa gets more than 40% of its revenue, credit-card spending grew 6.2% from a year earlier. Worldwide payments volume climbed 8% and total processed transactions rose 11%.“We remain focused on the trillions of dollars of opportunity in consumer payments and new flows and on continuing to deepen our partnerships with clients around the world,” Chief Executive Officer Ryan McInerney said in the statement.Visa forecast net revenue growth for the current quarter in the low double-digit range. Its full-year forecast remains unchanged.In March, Visa and smaller rival Mastercard Inc. agreed to cap swipe fees and allow US merchants to charge consumers extra for using credit cards — a deal that retailers said would save them at least $30 billion over five years. The pact, one of the most significant antitrust settlements ever, followed a legal fight spanning almost two decades and remains subject to court approval.The bulk of those fees, also known as interchange, are passed on to card-issuing banks that use the revenue in part to fund customer rewards programs.Other second-quarter highlights:Revenue climbed 10% from a year prior to $8.8 billion, exceeding Wall Street estimatesOperating expense increased 29% to $3.4 billion, more than the $2.89 billion average estimate of analysts in the Bloomberg survey","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":298524917628960,"gmtCreate":1713914486456,"gmtModify":1713914489199,"author":{"id":"3581563418944392","authorId":"3581563418944392","name":"Andrewinho","avatar":"https://static.tigerbbs.com/3127e2bc40ab23064a5187a00a63e19b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581563418944392","authorIdStr":"3581563418944392"},"htmlText":"👏👏👏🚀🚀🚀","listText":"👏👏👏🚀🚀🚀","text":"👏👏👏🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/298524917628960","repostId":1146264395,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":4,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1146264395"}