“Visa, Inc. (NYSE: V) and Mastercard Incorporated (NYSE: MA) should both be trading higher this morning if you were only looking at the earnings reports from Wednesday. Both credit card processing outfits beat earnings and are in solid shape. But…
The trick is that Visa divulged in a filing that the Department of Justice has a civil investigative demand as an official request for information over its pricing structure and over recent pricing adjustments. It needs to be known that Visa has received inquiries of this nature before and the CEO noted that it could take up to a year to resolve…”
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