Why Visa Stock Jumped 5% Today

newsfeedback@fool.com (Jordan Wathen), The Motley Fool
Thu, 04/26/2018 - 1:38pm

Shares of Visa (NYSE: V) are trading higher by about 5% as of 3:50 p.m. EDT Thursday after the company reported better-than-expected earnings in the second quarter. Visa's net operating revenue grew to $5.1 billion, up 13% year over year, driven by increased payments volume across its business. Visa is a pure-play payments network, meaning that it makes its money by taking a small slice of every transaction as a fee rather than earning revenue from lending.

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Topics:  visa nyse   v    edt thursday   images   visa   payments   volume   fee   earnings   revenue   year   
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