2024-01-26 13:10:00 ET
Shares of Visa (NYSE: V) were falling today after the credit card processing giant posted a narrow beat on the top and bottom lines in its first-quarter earnings report, but it wasn't enough to impress investors. Rival American Express also delivered a strong earnings report this morning, which investors may have interpreted as a sign that AmEx is outperforming Visa. Concerns about the global economy also seemed to weigh on the stock.
As of 12:14 p.m. ET, Visa stock was down 1.6% after falling as much as 2.7% earlier in the session.
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For further details see:
Why Visa Stock Was Slipping Today