Visa earnings top expectations as consumer spending remains resilient
Visa reported earnings above expectations, supported by continued spending by resilient consumers.
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Visa reported earnings above expectations, supported by continued spending by resilient consumers.
Capital One reported third-quarter earnings of $3.5 billion, or $5.61 per diluted share; adjusted earnings per share were $6.69. Loans rose 1% and deposits fell 1% from the prior quarter.
KeyCorp reported third-quarter EPS of $0.51, up 24% year over year, and record quarterly revenue above $2 billion, up 8%. It expects 10% net interest income growth in 2026 and a 3% net interest margin in Q4 2026.
Major U.S. indices closed mixed on Tuesday, with the Dow Jones Industrial Average gaining 1.03% to 52,747.32 and the S&P 500 adding 0.2% to 7,428.78. The Nasdaq slipped 0.22% to end at 24,876.91. Citadel Securities reportedly predicted the Federal Reserve could deliver a surprise 25-basis-point rate hike, while Jim Bia