Why Mastercard and Visa Are the Definition of Forever Stocks

Tablet displays Visa and Mastercard payment logos beside credit cards. Key Points The financials sector has lagged the S&P 500 this year, but two payment processing giants continue to deliver the kind of margins and earnings consistency that define long-term holdings. Despite recent sector-wide struggles, Visa and Mastercard function as a veritable duopoly, controlling over 90% of payments outside of China. Visa hasn't missed on earnings in 10 years, while Mastercard has secured 21 consecutive quarter ...