In a sign that consumer spending may be on the rebound, Visa on Wednesday reported its fiscal fourth-quarter profit jumped 51% from a year ago. But shares fell after the company released disappointing guidance for the next year…
American Express Co.’s third-quarter profit surged 71% as the No. 3 U.S. processor of credit-card sales benefited from a rebound in consumer and business spending as well as demand for the company’s travel services.
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Visa said Wednesday it’s boosting its dividend for the second year in a row. Shareholders will now get 60 cents per share annually, up from 50 cents per share. The news comes in advance of Visa’s fiscal fourth-quarter earnings …
Five of the six largest U.S. issuers of credit cards reported a drop last month in then percentage of credit-card balances deemed uncollectable. The drop suggests consumers may be making headway in their efforts to pay off thei…
The Justice Department filed an antitrust lawsuit against American Express Monday, alleging that the financial institution has been engaging in anticompetitive practices. Justice also said it reached a proposed settlement with …