2024-02-06 10:09:42 ET
Summary
- Our quarterly review of Visa and Mastercard is here.
- The two payment empires beat expectations once again, as investors continue to underestimate their vast growth opportunities.
- Both Visa and Mastercard trade at attractive valuations considering their long double-digit earnings growth trajectory.
- Mastercard went on a tear following earnings, but a deeper look shows that its outperformance is not enough to justify the premium over Visa.
- I reiterate both as a Buy, but find Visa more attractive.
It's time for our quarterly checkup on two of my favorite companies, Visa ( V ) and Mastercard ( MA ). As usual, both payment empires beat their respective revenue and EPS estimates, as they continue to showcase better-than-expected growth and consistent margin expansion....
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For further details see:
Why Did Mastercard Outperform Visa After Earnings?