Will Visa Be a $1 Trillion Stock by 2030?
Only six companies worldwide now have a market cap of more than $1 trillion. If Visa (NYSE: V) reached this threshold, it would be a big deal. However, with Visa worth about $535 billion now, it would have to nearly double to join this exclusive club.
But could Visa do this by 2030? Let's find out.
Visa is a company nearly anyone in the U.S. would recognize. Many consumers carry its credit or debit cards, but Visa doesn't manage the debt or bank accounts behind them. Instead, Visa processes the transactions every time a card is used. This business model is similar to competitor Mastercard's business but different from American Express, which holds consumers' debt on its balance sheet.
Source Fool.com
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