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-0.000585287446553745 -8.21231448445306E-05 -0.00064454780051719 -0.000365621751768907 0.00224073640866525 0.00014650476396549 0.00014650476396549 0.00014650476396549
Stock impact report

These Experts Say Buy Credit Card Stocks Despite Trump's Threats [Yahoo! Finance]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Analysts at William Blair and Citigroup expressed confidence the long-term impact on credit card stocks would be limited. Uncertainty about payment network reform weighed on financial stocks in the wake of the Global Financial Crisis , but card issuers found ways to recoup lost revenue and their stocks have vastly outperformed the S&P 500 over the last 15 years. Credit card stocks are slumping this week after President Trump took aim at the industry, saying it "ripped off" U.S. consumers with high interest rates and swipe fees. President Trump on Friday night called for a 1-year cap on credit card interest rates at 10% starting January 20. Trump ramped up the pressure on the industry Tuesday morning when he endorsed the Credit Card Competition Act, which would require cards issued by large banks to enable at least two payment networks, only one of which could be Visa or Mastercard , America's two largest networks. Shares of Visa ( V ) and American Express ( AXP ) are down 7% Show less Read more
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