Visa Beats Earnings Estimates, Capital One Misses Mark

Visa's revenue grows by 9% while Capital One sees a drop in Q4 adjusted earnings; American Express set to report Q4 results.

Visa reported adjusted earnings of $2.41 per share, up 11% from last year, on 9% revenue growth to $8.63 billion, beating analyst expectations.
Visa's payments volume grew 8% year-over-year, with cross border payments volume increasing 16%, well above views of 9.8% growth.
Capital One reported a 20.6% drop in Q4 adjusted earnings to $2.24 per share, missing FactSet expectations of $2.65 per share.
American Express is expected to report Q4 results early Friday, with FactSet predicting earnings of $2.64 per share, up 27% from last year.
Visa announced its first major global sports sponsorship in more than 15 years, partnering with Red Bull Formula 1 racing teams.