• -8.5% decline in Visa’s stock since the Senate passed the changes last night
• -7.5% decline in MasterCard’s stock; the amendment limits card fees source

• » Other companies: Visa and MasterCard felt it the worst, but they weren’t alone. American Express and Capital One also fell sharply in trading this morning due to the amendment’s unexpected passage, which limits the fees card companies can charge merchants. It still needs to go through the House as part of the broader financial reform bill.

Posted by Ernie Smith • Permalink