Swiping their way higher: Visa, Mastercard could be the next $1 trillion companies | Reuters


Tech and internet titans were the first to reach $1 trillion in stock market value, but the next U.S. companies that could do so are better known for their plastic.

While the stocks may not keep up that torrid pace, Visa and Mastercard would each be worth over $1 trillion by 2023 if their average annual gains of the past three years were to continue, surging past the likes of Facebook Inc and Berkshire Hathaway Inc, if they also maintain their recent pace.

Fueling their rise is a shift toward cashless financial transactions spurred by a rise in online shopping.

Source: Swiping their way higher: Visa, Mastercard could be the next $1 trillion companies – Reuters

READ  China's economic empire | Le Monde diplomatique

Leave a Reply

Your email address will not be published. Required fields are marked *