KeyBanc upgrades Visa and Mastercard, says credit card stocks will continue outperformance in 2023

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Visa and Mastercard will do well once again in 2023 after outperforming last year, according to KeyBanc.

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.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

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

The Islamic Republic of Iran is about to execute these 2 brave young men for protesting: MohammadGhobadlou MohammadBroghani These men showed the courage to oppose a child-murdering regime. Help us save their lives. Spread the word. IranRevolution

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

40 best stocks to buy with high upside in 2023: Goldman SachsGoldman Sachs: These 40 stocks have at least 34% upside right now while the rest of the market struggles for gains in 2023 The stock market is done, it’s not gonna recover. How the hell is it gonna recover when regular people are broke and companies are making less and less money every day? Good luck with that lol CDs for the win.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »