Can Visa Capitalize on Surging Record Credit Card Debt Levels?

Visa TodayVVisa$268.04 +1.57 (+0.59%) 52-Week Range$227.78▼$290.96Dividend Yield0.78%P/E Ratio29.95Price Target$308.50Add to WatchlistGlobal payment technology company Visa NYSE: V stock is up 2.7% year-to-date (YTD), underperforming the 16.62% gain for the S&P 500 index. The Federal Reserve Bank of New York reported a $27 billion rise in credit card debt to a record $1.14 trillion. Credit bureau TransUnion reported the average credit card balance per consumer rose 4.7% YoY to $6,329. With record credit car ...