- A 14% increase in gross dollar volume on a local currency basis, to $918 billion;
- An increase in processed transactions of 24%, to 8.7 billion; and
- An increase in cross-border volumes of 14%.
Wall Street enters the thick of earnings reporting in week three of the season with heavyweights Apple and Alphabet on tap.
The online payments giant's willingness to take smaller cuts of transactions for the sake of larger overall payment volume is paying off, as shown by its 2017 and three-year guidance.
Visa is an excellent company, which is why investors should hope the stock pulls back after earnings so they get a better chance to buy, Cramer said.