5 Credit Card Stocks Set To Spring Higher

Wed, 01/11/2012 - 10:55 EDT - Seeking Alpha

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 »

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5 Credit Card Stocks Set To Spring Higher

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