Visa Vs Mastercard: Who Wins?

Visa (V) and Mastercard (MA) are the biggest financial technology companies in the world, with a combined market capitalization of more than $589 billion. The companies are known to be exceptional defensive stocks, which tend to do well even in tough market conditions. In the past one year, the two companies have outperformed the S&P 500 index as shown on the chart below. The same trend of overperformance can be seen in virtually all periods you look.

Source: YCharts

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