Barclays on MasterCard (MA)/Visa (V): Cross-border Analysis Suggests Further Resilience in 2H12
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Price: $573.72 --0%
Rating Summary:
43 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 11 | New: 19
Rating Summary:
43 Buy, 4 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 11 | New: 19
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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."
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."
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