Why Visa Stock Was Slipping Today
Shares of Visa (NYSE: V) were falling today after the credit card processing giant posted a narrow beat on the top and bottom lines in its first-quarter earnings report, but it wasn't enough to impress investors. Rival American Express also delivered a strong earnings report this morning, which investors may have interpreted as a sign that AmEx is outperforming Visa. Concerns about the global economy also seemed to weigh on the stock.
As of 12:14 p.m. ET, Visa stock was down 1.6% after falling as much as 2.7% earlier in the session.
Image source: Getty Images.
Source Fool.com
Visa Inc. A Aktie
317,50 €
-0,02 %
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