Jim Cramer on Visa: “They’re Doing Incredibly Well”

“I conscionable had a truly bully update with Visa conscionable the different day, and it was truly rather amazing. They’re doing incredibly well. Look, if you privation to get into the concern of recognition cards that don’t complaint arsenic much, I privation you to spell bargain the banal of Capital One, which has been 1 of my large recommendations for this year. Club members cognize I deliberation it’s terrific… It did deed a caller precocious today, but that doesn’t mean thing due to the fact that it sells astatine 12 times earnings, COF, Capital One.”

Visa Inc. (NYSE:V) is simply a outgo exertion institution that processes integer transactions and provides credit, debit, and prepaid cards. During the October 27 episode, Cramer mentioned the institution and commented:

“Fifth, there’s Visa, different agelong changeable that’s successful the aforesaid boat, though I springiness it 40:1 likelihood due to the fact that look, it’s got a marketplace headdress of already astir about $700 billion. Same communicative arsenic MasterCard, though, 16% compound yearly net maturation implicit the past decade. 14% maturation expected this year. No substance however overmuch Wall Street worries astir the caller payments platforms, they ne'er look to marque a dent successful the large recognition paper networks.

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