Visa Reports Strong Earnings, Shares Rise on Positive Outlook
Visa's shares surged over 8% following strong quarterly earnings, driven by a 12% increase in cross-border volume and a $20 billion buyback authorization. CNBC's Jim Cramer believes the stock's turnaround is just beginning, citing resilience in the cross-border business and positive spending trends despite geopolitical uncertainty.
Topics: Buyback Authorization Cross-Border Transactions Earnings Guidance Update Stock Performance