Here's What You Need to Know About Visa in 2022
Over the past decade and more, Visa (NYSE: V) has been one of the most reliable, dependable growth stocks on the market. The world's largest payment processor has churned out double-digit percentage annualized earnings growth, and its stock price rose at an annualized rate of 28.6% from 2011 through 2020.
But 2021 was not a good year for Visa. Its stock price ended the year essentially flat -- down less than 1% -- and it needed a strong December just to get that close to breaking even. Revenue growth slowed in the first half of the year as the economy lurched along through the pandemic, and while it picked up in the third quarter, concerns about inflation, supply chain issues, and new COVID-19 variants, as well as an overall sell-off among growth stocks, put a damper on the stock.
But will the malaise carry over into 2022?
Source Fool.com
