What Costco's Partnership with Visa Means For Mutual Fund Investors (COST, V, C)
Shauna O'Brien Mar 02, 2015
Inside the News
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.
Opportunity For Visa
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.
Mutual Funds to Watch
|VTSMX||Vanguard Total Stock Market Index||1.12%|
|VFINX||Vanguard 500 Index||0.73%|
The Bottom Line
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