Retailers to Credit Card Giants: Your Study is Wrong

A group of retailers are challenging the results of a study sponsored by credit card companies including Mastercard (NYSE:MA), Visa (NYSE:V) and American Express (NYSE:AXP). Data from the study claims stores are profiting from paying less in interchange fees, pocketing as much as $825M since Oct. 1 with a potential for $8B in savings this year. The Merchants Payments Coalition, however, begs to differ, stating that “calling this research amateurish would be an insult to amateurs.”

Here’s how credit card companies’ shares are trading now:

American Express Company (NYSE:AXP): AXP shares recently traded at $48.23, up $0.34, or 0.71%. They have traded in a 52-week range of $41.25 to $53.80. Volume today was 2,463,476 shares versus a 3-month average volume of 8,264,970 shares. The company’s trailing P/E is 12.09, while trailing earnings are $3.99 per share. Get the most recent company news and stock data here >>

Visa, Inc. (NYSE:V): V shares recently traded at $96.82, down $0.1, or 0.1%. They have traded in a 52-week range of $66.50 to $98.60. Volume today was 1,154,988 shares versus a 3-month average volume of 4,777,640 shares. The company’s trailing P/E is 21.54, while trailing earnings are $4.50 per share. Get the most recent company news and stock data here >>

Mastercard Incorporated (NYSE:MA): MA shares recently traded at $372.69, up $1.41, or 0.38%. They have traded in a 52-week range of $215.00 to $384.99. Volume today was 268,964 shares versus a 3-month average volume of 1,280,400 shares. The company’s trailing P/E is 20.94, while trailing earnings are $17.80 per share. Get the most recent company news and stock data here >>