Visa Inc. (NYSE:V) is one of the shares Jim Cramer expressed his thoughts on. When a caller expressed concern about the actions, Cramer commented:
“I had a really good update with Visa the other day, and it was really amazing. They’re doing incredibly well. Look, if you want to get into the credit card business that doesn’t charge as much, I want you to go buy shares of Capital One, which has been one of my big recommendations this year. The club members know that I think it’s fantastic… It hit a new high today, but that doesn’t mean anything because it’s selling at 12 times earnings, COF, Capital One.”
Visa Inc. (NYSE:V) is a payments technology company that processes digital transactions and offers credit, debit, and prepaid cards. During the October 27 episode, Cramer mentioned the company and commented:
“Fifth, there’s Visa, another long shot that’s in the same boat, although I give it 40:1 odds because look, it already has a market cap of around $700 billion. Same story as MasterCard, though, 16% compound annual earnings growth over the last decade. 14% growth is expected this year. No matter how much Wall Street worries about new payments platforms, they never seem to make a dent in the big credit card networks.
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Disclosure: None. This article was originally published in Internal jumpsuit.