Visa Beats JPMorgan as Cards Wage War on Cash: Riskless Return
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Visa Inc. and MasterCard Inc., the biggest bank-card networks, produced better risk-adjusted returns than 81 publicly traded U.S. financial firms as the two benefit from a long-term global shift to electronic payments.
Shares of Visa and MasterCard outperformed every company in the Standard & Poor’s 500 Financials Index during the past year, according to the BLOOMBERG RISKLESS RETURN RANKING. Visa, based in San Francisco, returned 1.59 percent after adjusting for price swings in the 12 months ended last week, helped by a volatility that was lower than that of two-thirds of the stocks in the index. MasterCard climbed 1.18 percent.