Payments giant Visa raises annual profit forecast on resilient demand

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 […]