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Is This Dominant Fintech Stock a Buy?

TheMotleyFool 
0 0 22.08.22
Is This Dominant Fintech Stock a Buy?
 

Mounting concerns about the state of the U.S. economy have weighed on the S&P 500 index in 2022. Even with the recovery in recent weeks, the index is still down 12.5% so far this year. 

The payments processing stock Visa (NYSE: V) has held up much better than the broader market -- down just 3%. But should growth investors buy the stock for their portfolios? Let's dive into Visa's fundamentals and valuation to get an answer.

Last month, Visa released its financial results for its third quarter ended June 30. And unsurprisingly, the company's results were robust. Visa reported $7.3 billion in net revenue in the third quarter, which was up 18.7% over the year-ago period.

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Source Fool.com

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