5 Credit Card Stocks Set To Spring Higher
By Stock Croc:The analysts at Citigroup have put out an upbeat report on credit card companies as a group, expressing expectations this sector of the financial sector will out perform in 2012. Citigroup's reasons for the positive outlook on these companies cover three aspects:
- The primary revenue source for the credit card companies – merchant fees – has not been affected by government regulations. Fears were that consumer protection laws would put limits on how much credit card companies could charge retailers for credit card transactions.
- Credit card use is expected to grow as consumer confidence and spending increase throughout 2012. The U.S. economy is starting to give more indications of a slightly more robust level of growth.
- Alternate payment systems are not ready to make a significant dent in the credit card stranglehold on payments processing.
Here is a look at the major players in the credit card sector, from largestComplete Story »