Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
I know there's another thread on here about Discover's stock price but thought I'd start one here about Visa too.
Visa and MasterCard are different from American Express and Discover since they don't issue cards or loan out money. The banks do all that. You would think companies like that with virtually zero risk would be doing okay, but even Visa (V) and MasterCard (MA) stock has tanked like every other financial company out there.
The argument is that spending will go down which means so will there transaction fees. But they're down 35% in 3 months, do you think their profits will really decrease by this much?
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
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MorePrimary Everyday Card: American Express Blue CashPrimary Travel Card: Chase Sapphire Preferred