Long term trend - cashless society. I haven't had a Mastercard in a long time and have never bothered to sign up for American Express. Discover seems lame. Visa is the clear leader in a space with few players. Additionally, defaults mean squat to… More
The market's overconfidence has supported many financial stocks, including ones where growing unemployment and higher taxes will hurt revenue. At some point over this next year, the stock price will better reflect this risk and the lower expected… More