Visa's Golden Goose Remains Grounded
In January, Visa's (NYSE: V) CFO pointed out a sharp recovery in cross-border activity late last year until omicron took hold. That's important because those transactions -- swipes in a country different than the country the card was issued in -- are especially profitable.
With the variant retreating, he expected international travel to rebound in February. That was before events in eastern Europe cast a shadow over the old continent. Now, management and shareholders are wondering when the lucrative transactions will return to normal. And the longer it takes, the more effect it will have to shareholders.
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Source Fool.com
