Market Overview

Visa and Mastercard Spike Following Federal Judge Ruling

Related V
TD Ameritrade's Investor Movement Index Out For April
The Positives (And Negatives) Of Investing In Visa
Top Stock Mutual Fund New Buys: CyberArk Software (Investor's Business Daily)
Related MA
Barclays Reviews Mastercard's Earnings
Mastercard Makes New All-Time High Then Retreats
Buffett's Top 4 Holdings - Cramer's Mad Money (5/4/15) (Seeking Alpha)

Shares of Visa (NYSE: V) and Mastercard (NYSE: MA) are spiking higher following a ruling by a Federal Judge regarding swipe fees, according to a Bloomberg story.

The report suggested a federal appeals court upheld a ruling that the Federal Reserve acted within its power by capping debit card swipe fees at about $0.21.

The ruling was a blow to retailers in a dispute with banks over transaction costs.

Mastercard is lagging behind Visa at the moment, up only 0.29 percent compared to 2.3 percent.

Posted-In: News Rumors Legal


Related Articles (MA + V)

Around the Web, We're Loving...

Get Benzinga's Newsletters