Oct. 22 at 6:04 PM
Wells Fargo initiated coverage of 20 companies in the Payments, Processors, and IT Services sector, highlighting Visa and Mastercard as key beneficiaries of long-term structural trends in digital commerce. Both received Overweight ratings for their scale, profitability, and exposure to durable growth themes.
The bank noted that market concerns around competition, cryptocurrencies, and AI have depressed valuations across the sector, creating selective opportunities. However, Visa and Mastercard are well positioned to benefit from these trends rather than be disrupted by them.
Both firms are active in the stablecoin and broader crypto ecosystem. Visa enables global stablecoin spending through linked cards while settling transactions to merchants in local currency. Mastercard supports partners in issuing and redeeming stablecoins and integrating them into payment infrastructure, including cross-border and B2B transactions.
$WFC $V $MA