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This Credit Card Company Cashed In, But Did You?

October 25, 2017
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As this weeks Q4 earnings continue to pour in, it is looking like some companies have really shown their strength. It is companies like these that have helped pull the bull market along with their steady growth and impact on the indexes.

One such example is Visa, who. according to Reuters:

…reported an 11 percent increase in fourth-quarter profit on Wednesday, driven higher by its purchase of Visa Europe, and as more people made payments using its network.

This massive increase in profit had the company’s stock trading up one percent in pre-market trading according to The Montreal Gazette. While this increase may not stun investors, their stock is now up 39% on the year.

This is another example of a large blue chip company taking advantage of the steady growth in the economy. In addition, higher volumes of online sales will likely drive credit card use even further in the future, so the company is poised for even more growth.

Investors who are looking for a strong company with a healthy amount of money in the bank should consider Visa as an option.

To read Reuters’ article on Visa beating the street, click here.

To read The Montreal Gazette’s article on Visa’s earnings, click here.

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