Why Card Stocks Are Still Winners Even Though Visa Can't Buy Plaid
Wall Street is disappointed that Visa won’t be merging with fintech upstart Plaid, after both companies canceled the deal due to antitrust opposition. But analysts still see plenty of reasons to own Visa (ticker: V) and its chief rival Mastercard (MA), maintaining that the underlying dynamics for the stocks—a global economic recovery, rebound in cross-border travel, and adoption of digital payments—may only be accelerating. Visa’s acquisition of Plaid would have helped the card network maintain its dominance in online debit transactions, adding about a percentage poin...