Visa's Q2 Results Reflect Steady US Spending Despite Market Uncertainty: Analyst Highlights Strength In Payment Volumes

RBC Capital Markets analyst Daniel R. Perlin reiterated his Outperform rating on Visa Inc. V on Wednesday, with a price forecast of $395.On Tuesday, Visa reported second-quarter earnings of$2.76 per share, which beat the analyst consensus estimate of $2.68. Quarterly revenue came in at$9.59 billion, which beat the analyst consensus estimate of $9.55 billion.Perlin noted that, despite ongoing market uncertainty, Visa’s results provide insight into consumer health, with adjusted U.S. spending volumes remain ...