Rough Recession Waters for Credit Card Companies

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Visa Inc. (NYSE:V), MasterCard Incorporated (NYSE:MA) and American Express Company (NYSE:AXP) may just be experiencing one of the strangest anomalies of the recession. 

Chargeoffs Could Plague Credit Card Companies (NYSE: V),(NYSE: MA),(NYSE: AXP)

Visa & Mastercard

Get ready Visa, MasterCard and Amex, it may be a long haul out of the financial mess.  Shares of Visa Inc. (NYSE:V), MasterCard Incorporated (NYSE:MA) and American Express Company (NYSE:AXP) could be hurt if credit-card delinquencies continue to climb.  So, what's in your wallet?

2009 Holiday Shopping a Mixed Bag for Visa and Mastercard (MA, V)

Credit Cards

Bad news for MasterCard (NYSE:MA) and Visa (NYSE:V) -- only 26% of Thanksgiving weekend shoppers used credit cards according to a Reuters survey out today.  The rest of American consumers used cash or debit cards, that means less transactions for both Visa and Mastercard.

New Highs for American Express, CareFusion, and Viacom (AXP, CFN, VIA)

52-Week Highs

American Express Company (NYSE:AXP), CareFusion Corporation (NYSE:CFN), and Viacom (NYSE:VIA) are the big stars today pushing to new 52-week highs on a very bullish day.

New Highs for Archer Daniels, Visa, and VistaPrint

52-Week Highs

New 52-week highs for shares of Visa Inc. (NYSE:V), Archer Daniels Midland Company (NYSE:ADM) and VistaPrint (NASDAQ:VPRT) as the bulls charge higher for the day.

IN and OUT Investing: Visa and Domino's

theStockMasters.com

theStockMasters.com recommend taking a look at Domino's Pizza (NYSE:DPZ) and Visa (NYSE:V), why not pick up a few pizzas and charge it?  Domino's and Visa have never sounded better together.

Etrade, Visa and RF Micro all Beat Street

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E TRADE Financial Corporation (NASDAQ:ETFC): Q3 EPS of -$0.05 beats by $0.01. It seems at-risk delinquencies declined by 10% and provision for loan losses decreased by $57M to $347M. Shares are trading at -4.4% in After Hours, implying investors expected even better results. (more)

Credit Card Reform in 2010

Credit Cards

Higher interest rates on credit cards and tighter lending standards are making it harder for cash strapped Americans, but help isn't coming until 2010.

Julian Robertson

Robertson recommends Google (NASDAQ:GOOG), Baidu (NASDAQ:BIDU), Visa (NYSE:V) and MasterCard (NYSE:MA)

 

American's Cutting Up Credit cards

American Express

Bad news for investors of Visa (NYSE:V), Mastercard (NYSE:MA) and American Express (NYSE:AXP)

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