Visa Shares Rise Following Profit Beat and Raised Forecast
Visa shares gained 5% after the company reported strong second-quarter earnings and increased its full-year outlook. Resilient consumer spending and a new 20 billion dollar buyback program helped ease investor worries over Middle East tensions.
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VISA INC-CLASS A SHARES rose 5% Wednesday morning after beating second-quarter profit estimates and raising its full-year earnings forecast. The gains follow a 12% decline in the stock so far in 2026, though it has outperformed AMERICAN EXPRESS CO. Resilient consumer spending and a $20 billion share buyback program signal confidence despite geopolitical uncertainty in the Middle East.
