Investor Outlook: Visa shares dip following earnings report
BNN Bloomberg
Visa shares slipped after earnings as guidance pointed to slower sequential growth. An analyst discusses regulation risks, consumer spending and the outlook for shares.
BNN Bloomberg spoke with Nate Svensson, senior equity research analyst at Deutsche Bank, about why the stock reaction was muted despite a strong quarter, how regulatory headlines could affect sentiment, and what investors should watch as growth comparisons normalize later in the year.
Read the full transcript below:
LINDSAY: The earnings parade is in full force this week. Visa beat estimates, bolstered by stronger spending. That comes just after the credit card company announced plans to allow cardholders to direct cash-back rewards into so-called Trump savings accounts.For more on this, we’re joined by Nate Svensson, senior equity research analyst at Deutsche Bank. Nate, good to have you with us. Thanks so much.
NATE: Yeah, thanks for having me, Lindsay.
LINDSAY: Let’s get into the Donald Trump news in a moment, but to start, the share price is up now after the opening bell, though it was trending down earlier this morning. Why do you think that is?
