Why Visa Stock Gained 12% in December
Shares of payments-giant Visa (NYSE: V) jumped 12% in December, according to data provided by S&P Global Market Intelligence. The company is benefiting from increased consumer spending as people get back to buying after a robust holiday season and a loosening of restrictions from the pandemic.
Image source: Getty Images.
Visa is the largest credit card-processing company in the world, with $24 billion in revenue for fiscal 2021 (period ended Sept. 30). It takes a fee every time you swipe, giving it ample room to pull in sales consistently. When the economy is good, Visa's good. And since the economy is good much more of the time than not, Visa usually does nicely.
Source Fool.com
