Mastercard also provides such value-added products and services as cyber and intelligence solutions for parties to transact, as well as proprietary insights, drawing on principled use of consumer, and merchant data services. In addition, the company offers analytics, test and learn, consulting, managed services, loyalty, processing and payment gateway solutions for e-commerce merchants.
Further, it provides open banking and digital identity platforms services. The company offers payment solutions and services under Mastercard, Maestro and Cirrus banners.
The dividend yield is just 0.56%. J.P. Morgan $510 price target is well above the consensus target of $426.33. On Thursday, Mastercard stock closed at $403.36.
Visa
This top credit card issuer is becoming a huge leader in digital pay. Visa Inc. (NYSE: V) operates as a payments technology company worldwide. Its products and services include the following:
- VisaNet, a transaction processing network that enables authorization, clearing and settlement of payment transactions
- Credit, debit and prepaid card products
- Tap to pay, tokenization and click to pay
- Visa Direct, a real-time payments network
- Visa B2B Connect, a multilateral B2B cross-border payments network
- Visa Treasury as a Service, a cross-border consumer payments business
- Visa DPS, providing a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions and contact center services
- Cybersource, a payment management platform
- Risk and identity solutions, such as Visa Advanced Authorization, Visa Secure, Visa Advanced Identity Score and Visa Consumer Authentication Service
- Visa Consulting and Analytics, a payments consulting advisory service
The company provides its services under the Visa, Visa Electron, Interlink, VPAY and PLUS brands.
Shareholders receive a 0.74% dividend. The J.P. Morgan target price is $296. The consensus target is $278.66. Visa stock closed at $236.61 on Thursday.
These seven top stocks, many of which have underperformed during the massive AI tech rally, are owned by Warren Buffett’s Berkshire Hathaway and should do very well as rates continue higher and may remain at 16-year highs well into 2024.
Given the ongoing inversion between the two-year note and the benchmark 10-year government paper, it is a good bet that a recession is headed our way in the first half of 2024. So it makes sense to own stocks that will benefit from the continued surge higher in rates and offer quite cheap valuations.
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