Street View: Visa growth to continue on strong consumer, cross-border demand
BUZZ-Street View: Visa growth to continue on strong consumer, cross-border demand ** Visa V.N beat expectations for Q4 results as customers continued swiping their cards to pay for travel, shopping and dining out despite macroeconomic uncertainty
** Shares down 1.5% to $396 premarket
CORE TRENDS RESILIENT
** Morgan Stanley ("overweight," PT: $471) says strength across US consumer spending and cross-border eCommerce growth reinforces confidence in Visa's core growth drivers
** TD Cowen ("buy," PT: $450) notes with employment trends holding up, Visa not only sees resilience among high earners but also does not see deterioration among lower-spend consumers
** Evercore ISI ("in line," PT: $405) sees underlying growth drivers on solid footing heading into 2027 amid a challenging backdrop
** KBW ("outperform," PT: $470) says gains in its Value-Added Services segment to remain supportive
** "The setup supports our continued confidence in Visa's ability to deliver durable and compounding earnings growth" - KBW
(Reporting by Kanchana Chakravarty in Bengaluru)
Recent news on Visa
See all newsBrief: M&T Bank Enhances M&T Visa® Credit Card With Rewards, Offering Up To 3X Points On Eligible Grocery Purchases
US STOCKS ON THE MOVE-AxoGen, Evercore, Caterpillar
U.S. STOCKS ON THE MOVE-Wingstop, Micron, IDEX
US STOCKS ON THE MOVE-Alphabet, AvePoint, Fortive
US STOCKS ON THE MOVE-Phillips 66, GE Vernova, Seagate