When you think about the brands MA & V they are known for their CREDIT cards ! But what is not known is they are both "card networks" or payment technology.
You could say they provide the network infrastructure (financial switches + encrypted networks) for the plastic cards.
Both make a fraction on each transaction. It is each issuing bank (like cba,wbc etc) that will wear the defults from the consumer .
The card networks will suffer some loss of revenue due to the drop in "transactions" if we have less consumer spending.
Both MA & V are extremely profitable.
earnings of about 29 Billion per qtr (V + MA)
net profit margin > 44 %
ROE > 50 (means when they make $1 $0.50 cents goes to the shareholder)
When you think about the brands MA & V they are known for their...
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Last
7,629.0 |
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| XJO (ASX) Chart |