NEW YORK (TheStreet) -- Shares of credit card companies
Visa, Discover and
MasterCard reached 52-week highs Friday following MasterCard's fourth-quarter earnings on Thursday.
MasterCard reported fourth-quarter net income of $19 million, or 15 cents a share, including a special $495 million after-tax charge related to antitrust litigation the company as well as other credit card companies and banks will face. A year earlier, MasterCard earned $415 million, or $3.17 a share.
Janney Capital Markets analyst Thomas McCrohan noted that Visa and Discover reaching 52-week highs was a "function of MasterCard's results." He added that MasterCard noted that the European consumer is spending, one area in which investors and analysts were concerned. Visa has less exposure to Europe than MasterCard, McCrohan said.
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