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Shauna O'Brien Mar 02, 2015
This morning, the retailer announced that Visa would replace American Express. The company also announced that Citigroup will be the exclusive issuer of its co-brand credit cards.
While this deal is a good opportunity for Visa, investors should take into account that Visa is twice as big as American Express. Therefore, this deal will most likely have a smaller impact on the credit card issuer’s bottom-line revenues.
|VTSMX||Vanguard Total Stock Market Index||1.12%|
|VFINX||Vanguard 500 Index||0.73%|
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