101837973 commented on a stock · Oct 30, 2024 23:27

Bullish on Visa

$Visa (V.US)$ reported an adjusted EPS of $2.71, which beat the analyst consensus estimate of $2.58, and a revenue of $9.6 billion, which exceeded the forecast of $9.49 billion.

The results was driven by the year-over-year growth in payments volume, cross-border volume, and processed transactions.
Visa projects high single-digit net revenue growth for the first quarter of 2025 and high single to low double-digit growth for FY25.

Also, the company just announced a partnership with $Coinbase (COIN.US)$ to allow real-time crypto deposits through eligible Visa debit cards.

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