Visa and Mastercard Shares Soar on Strong Earnings and Institutional Buying

Visa and Mastercard shares surged more than 3% on Monday, pushing both companies toward major technical resistance levels. The rally was fueled by strong earnings, institutional buying, and renewed investor confidence.

Visa's fiscal third-quarter results showed a 14% year-over-year revenue increase to $11.6 billion, with earnings per share reaching $3.32, beating analyst expectations. The company also raised its full-year outlook, reinforcing confidence in its growth trajectory.

Pershing Square's Bill Ackman disclosed an approximately $1.1 billion stake in Visa, adding credibility to the bullish case. Analysts at Truist, Cantor Fitzgerald, and Wells Fargo recently raised their price targets for the company.