JP Morgan analysts maintain a positive outlook on Mastercard Inc. (NYSE:MA) following strong second-quarter results from rival Visa Inc. (NYSE:V).
In a research note released Tuesday, analyst Tien-tsin Huang indicated that Visa’s performance offers a “mildly positive risk-reward” for Mastercard heading into its earnings report this Thursday.
Visa Results Signal Healthy Global Environment
Visa reported better-than-expected results and raised its second-half guidance. Cross-border volume performed better than many feared, while currency volatility provided a tailwind.
JP Morgan noted that Visa’s global and U.S. volumes exceeded expectations. This suggests a stable operating environment for the broader payments sector.
“Visa’s April cross-border results were substantially better than feared and showed only a slight deceleration, which should ease concerns for Mastercard,” the analysts …
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