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Visa stock bounces up on strong Q2 results, new $20B stock buyback program.
Visa's fiscal Q2 earnings exceeded Wall Street forecasts, driving a 4.1% after-hours stock increase.
KEY POINTS
- Visa announced a new $20 billion stock buyback program approved by its board.
- Continued strong consumer spending was a key factor in Visa's quarterly performance.
- The buyback program and earnings beat mark significant confidence from Visa in future growth.
COMPANIES
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