Visa reported disappointing third-quarter revenue growth, leading to a decline in its shares by more than 4%, effectively erasing all gains made in 2024. The company's revenue fell short of Wall Street expectations, prompting several brokerages to lower their price targets for Visa stock. Analysts expressed concerns regarding a slowdown in consumer spending, particularly highlighting a slight moderation in the lower-spend consumer segment. According to Bank of America, total card spending per household decreased by 0.3% year-over-year for the week ending July 20, with retail spending excluding automobiles down by 0.8%. However, online retail spending around Prime Day showed signs of improvement, tracking slightly ahead of 2023 levels.