Visa’s Profit Rises Sixfold as Card Spending Growth Continues

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Visa Inc.’s quarterly revenue surged sixfold, bolstered by increased transaction and funds volumes and the combination of its European enterprise.

Shares, which have broadly outperformed the market with a 32% enhance over the previous 12 months, rose 2.three% to $124 in after-hours buying and selling as the corporate additionally raised its annual forecast, citing outcomes from the primary half of its enterprise yr.

Visa,…

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