Visa shares jumped 5 per cent in premarket trading earlier this week as the payments-processing company beat estimates for second-quarter profit and lifted expectations for full-year earnings, buoyed by resilient consumer spending.
Payments volume grew as consumer spending during the quarter defied broader macroeconomic concerns stoked by heightened tensions in the Middle East.
CEO Ryan McInerney said in a post-earnings call that Visa was closely monitoring the situation in the
