Barclays on MasterCard (MA)/Visa (V): Cross-border Analysis Suggests Further Resilience in 2H12
Tweet Send to a FriendGet Alerts MA Hot Sheet
Price: $571.46 +0.30%
Rating Summary:
11 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
11 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade MA Now!
Barclays on MasterCard (NYSE: MA) / Visa (NYSE: V): Cross-border Analysis Suggests Further Resilience in 2H12
Analyst, Darrin D. Peller, said, "Visa and MasterCard both recently reported updated cross-border volume growth metrics for the months of April and May, with V reporting growth of ~13% Y/Y (vs. 16% Y/Y in calendar 1Q12) and MA reporting growth of ~17% Y/Y (vs. 18% Y/Y in 1Q12). While these data points provide a preliminary indication of calendar 2Q12 volumes, in light of what remains an uncertain macroeconomic environment (given that cross-border volumes are often highly levered to macroeconomic variables), in this note we revisited our prior intra-quarter cross-border analysis (see "V/MA: Updated Cross-Border Analysis Provides Further Confidence in 2012 Estimates," 4/9/2012). Overall, we continue to see resilience in cross-border volume growth over the back half of 2012, with our research pointing to 3Q volume growth in-line with levels seen so far in 2Q."
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Darrin D. Peller, said, "Visa and MasterCard both recently reported updated cross-border volume growth metrics for the months of April and May, with V reporting growth of ~13% Y/Y (vs. 16% Y/Y in calendar 1Q12) and MA reporting growth of ~17% Y/Y (vs. 18% Y/Y in 1Q12). While these data points provide a preliminary indication of calendar 2Q12 volumes, in light of what remains an uncertain macroeconomic environment (given that cross-border volumes are often highly levered to macroeconomic variables), in this note we revisited our prior intra-quarter cross-border analysis (see "V/MA: Updated Cross-Border Analysis Provides Further Confidence in 2012 Estimates," 4/9/2012). Overall, we continue to see resilience in cross-border volume growth over the back half of 2012, with our research pointing to 3Q volume growth in-line with levels seen so far in 2Q."
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Visa (V), MasterCard (MA) Sued by Retailers Over Swipe Fees - Bloomberg (TGT) (M)
- Jefferies Bumps Zumiez (ZUMZ) Numbers Up, But Remains on Sidelines
- Dish (DISH) Begins Building Visionary Network . . . Sort Of
Create E-mail Alert Related Categories
Analyst Comments, Retail SalesRelated Entities
Barclays
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
