Analyst Josh Beck raised his rating to overweight from sector weight on each stock, saying both credit card companies will benefit as fintech grows to an embedded model used by merchants, businesses, consumers and issuers. "V/MA: upgrade to OW as our prior travel-related dislocation concerns have faded and new flows beyond consumer card are improving the diversification and growth durability," Beck wrote in a Sunday note.
"Key drivers include VAS , B2B , Visa Direct and other , which in our view enhances the diversity of growth beyond core carded B2C use cases," read the note. "VAS" refers to value added services. Meanwhile, new flows revenue could account for more than 50% of growth for Mastercard through 2024, the analyst said. It could account for more than 50% of the business, up from more than 45% in 2021, the note read.
debt is the highest it’s ever been, first things to go is the credit card payments. the exposure citi bank and amex and capital one has is outlandish to say the least they can very well go bankrupt in a huge downswing which is most definitely coming
so cnbc is just leading retail to the slaughter every one knows credit cards are going to go bust.
Yup, debt limit will be raised. Just borrow more and more because default is avoided
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