BofA Touts Visa, Mastercard Shares Amid Their Declines

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By Dan Weil Visa has slid 8% since April 28, and Mastercard has lost 9%, but their fundamentals are strong, Bank of America says. Comedian Rodney Dangerfield was famous for saying, “I can’t get no respect.” Bank of America analysts say it’s payment-processing titans Visa (V) – Get Visa Inc. Class A Report and Mastercard (MA) – Get Mastercard Incorporated Class A Report that aren’t getting enough respect these days. Visa has slid 8% since April 28, and Mastercard has lost 9%. “While we appreciate the current degree of macro uncertainty, we believe Visa and Mastercard’s business is more all-weat…

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