Visa Not To Be Hurt By Financial Reforms: Analyst (V)

Visa (NYSE: V) has announced positive quarterly results: a profit of $716 million.

In an interview with CNBC, Robert Dodd, senior transaction processing industry analyst at Morgan Keegan, analyzed the company’s results. He told CNBC, “It appears from the consumer credit numbers that we’ve got declines in overall consumer revolving debt, but most of that seems to be related to consumer charge-offs.”

Discussing the financial regulation bill, he said that he does not expect the company to be hurt by the new debit card rules. However, he added that there may be some indirect implications down the road. He reiterated his “outperform” rating for the stock.