Visa increases its quarterly profit by a third

Foster City, California (APA / DPA) – Thanks to the strength of the US economy and consumer appetite, the Visa credit card giant has dramatically increased its summer profits. In the quarter to end September, the surplus increased by one third over the previous year to reach $ 2.8 billion (€ 2.5 billion) as reported Wednesday the financial group after the closure of the US market.

Revenues increased 12% to $ 5.4 billion. Like its rivals Mastercard and American Express, Visa benefits from the strength of the US economy and its thriving online business, which increases credit card payments and imposes fees on suppliers. In addition, US government tax cuts continue to have a positive impact on balance sheets. Although Visa surpbaded Wall Street 's expectations in terms of earnings, the stock initially reacted with appreciable price premiums.

~ ISIN US92826C8394 WEB www.visa.com ~ APA002 2018-10-25 / 00: 24