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Why Visa Stock Vaulted Today

TheMotleyFool

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Shares of Visa (NYSE: V) surged 10.6% on Friday after the digital payments giant delivered impressive fiscal 2022 first-quarter earnings results.

Visa's revenue jumped 24% year over year to $7.1 billion. The gains were fueled by sustained growth in e-commerce and a surprisingly fast rebound in travel-related spending.

Notably, Visa's lucrative cross-border volume -- which is comprised of transactions between purchasers and merchants that reside in different countries -- soared 40%.

Source Fool.com

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