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Oct 16, 2025 4:00 PM

JPMorgan Analyst Favors Visa Over Mastercard: Here's Why

JPMorgan analyst Tien-tsin Huang expressed views on the upcoming earnings of major payment card services providers Visa Inc. (NYSE:V) and Mastercard (NYSE:MA).

The analyst notes that both companies described spending trends as stable through August, with domestic issuer volumes up 120 bps in the third quarter of 2025.

However, the analyst says that early October Chase Card data suggest some moderation.

Also Read: Mastercard Expands Into AI Powered Payments Ahead Of Holiday Season

Huang expects both companies to deliver third-quarter revenue at or slightly above guidance/consensus estimates, based on solid volumes, pricing actions, and favorable exchange rates.

Visa

The company expects to report fourth-quarter earnings results on October 28. The analyst rated the stock ...