** Visa V.N beat Wall Street estimates for quarterly profit on Tuesday, as the world's largest payment processor benefited from a steady rise in card payment volumes
** Company also unveiled a $30 billion share repurchase plan
CONSUMER SPENDING REMAINS HEALTHY
** J.P.Morgan ("overweight," PT: $375) says Visa's diversification, pricing power and opex insulation to help it navigate various macro outcomes
** "Visa posted a refreshingly straightforward quarter, which we think should be seen as a testament to resiliency, and a relief in an environment where investors are carefully watching for macro cracks," said J.P.Morgan
** TD Cowen ("buy," PT: $380) says co's durability and diversification make it an "attractive investment proposition" despite turbulent macro conditions
** Morgan Stanley ("overweight," PT: $386) says Visa has sufficient levers to adapt quickly to a range of macro scenarios with its diverse customer base
** Raymond James ("outperform," PT: $395) expects Visa to deliver on its EPS outlook in a variety of macro scenarios given its "ability to protect the bottom line"
(Reporting by Kanchana Chakravarty in Bengaluru)
((Kanchana.Chakravarty@thomsonreuters.com))