Visa Inc. saw spending growth rise 10.5 percent to $2.93 trillion in the fiscal fourth quarter, the slowest since the depths of the pandemic Visa posted less than 5 percent for the first fiscal quarter of 2021.
Shares gained as profit exceeded analysts’ expectations.
The volume was shy of the 11 percent increase Bloomberg analysts were expecting and a decrease from the 12 percent growth the firm reported for the previous three months
According to Visa CEO Al Kelly, while some short-term uncertainty exists, they remain confident in Visa’s long-term growth trajectory across consumer payments, new flows, and value-added services,”
Visa and its rivals are facing tough comparisons with a year earlier when spending jumped as economies opened back up as the pandemic began to recede.
When planning for 2023, Visa “did not factor in a steep economic downturn or recession,” Kelly said on a conference call with analysts. If such a decline occurs, “it will have some impact.”


Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
Debate over H-1B visas shines spotlight on US tech worker shortages
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
The ghost of Robodebt – Federal Court rules billions of dollars in welfare debts must be recalculated
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
6 simple questions to tell if a ‘finfluencer’ is more flash than cash
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links
Every generation thinks they had it the toughest, but for Gen Z, they’re probably right
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies
Why have so few atrocities ever been recognised as genocide?
The Beauty Beneath the Expressway: A Journey from Self to Service
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 



