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Booming Credit Card Debt a Bonanza for Mastercard Stock

admin by admin
November 20, 2022
in Credit Cards
0

Credit card usage remains robust, registering significant growth amid high inflation. Higher prices of goods and services have led to credit card balances quickly approaching pre-pandemic levels. This is good news for credit card companies like Mastercard (NYSE: MA). 

Given the favorable long-term secular spending trends combined with increasing revenues and margins as well as attractive free cash flows, I believe Mastercard’s growth potential gives a good reason to buy the stock

[Read More…]

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