As noted earlier, Wedbush upgraded Visa to Outperform from Neutral. Analyst Moshe Katri believes that the company has an " attractive business model, growth prospects, and outlook for increasing shareholder returns." He thinks that the company has many "growth/scale catalysts," including the growth of electronic payments, mobile payments, and new revenue opportunities in Europe. Target to $96 from $77.

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Sees revenue growth in low double-digits, consensus $33.6B.

Reports Q2 revenue $8.8B, consensus $8.09B. Reports Q2 transactions processed $55.5B. Reports Q2 payments volume up 8%. "Visa delivered strong results in the second quarter, with net revenue up 10%, GAAP EPS up 12%, and non-GAAP EPS up 20%. Overall payments volume grew 8% and cross-border volume grew 16%, driven by stable consumer spending. As we head into the second half of the year and beyond, we remain focused on the trillions of dollars of opportunity in consumer payments and new flows and on continuing to deepen our partnerships with clients around the world by adding value across our network of networks," said CEO Ryan McInerney.