Seeking Alpha Seeking Alpha Portfolio App for iPad Profile| Send
Message| (129)    Since my last analysis in Dec. 2012, the major
credit companies have performed in-line with the rise in the S&P
500 with American Express' (AXP) price slightly outperforming
and Discover Financial (DFS), MasterCard (MA), and Visa (V)
stock prices slightly underperforming the index. The latest
quarterly results of MasterCard and Visa exceeded Wall Street
expectations and due to a lack of meaningful competition, a
secular move to electronic transactions, and shareholder
friendly policies, I expect the common stock of MasterCard and
Visa to continue to perform well. Despite recent legislation to
reduce credit card companies' pricing power and lawsuits against
these companies, it seems like the music will continue to play
for the major credit card companies for years to come due to
their intrinsic ability to facilitate electronic transactions.
Credit card companies  Recent financial performance  For the
quarter ending December 31,