Visa - Credit Card Provider Benefits from Travel Boom and Recovery of Consumer Demand!
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Business drivers: Visa (V) is among the leading credit card providers alongside MasterCard and American Express. As consumers are spending more again and benefiting from the international travel boom, Visa's transaction volume is also significantly increasing, while fee hikes have further improved margins. Recently, in the past Q2, they exceeded consensus expectations for adjusted earnings per share of $2.97 with an increase from $2.78 to $2.98. Total revenue also slightly surpassed consensus expectations of $10.64 billion, growing by 11.51% to...
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