The holiday season has brought about a fresh bout of consumer spending, resulting from a resurgence in consumer confidence as inflation decreased over the course of the last year. This poses a promising start for 2024, while heightened spending enhances prospects for the consumer financial services sector.
The financial sector’s juggernaut Visa Inc. (V) topped estimates in the fourth quarter as consumers waved off fears of an economic slump and resumed travel after the global pandemic. Its fourth-quarter adjusted EPS came in at $2.33 versus the estimate of $2.24.
