US card companies rise after Fed cuts rates

Shares of U.S. card companies rise after Federal Reserve cuts interest rates by 25 basis points

Visa V.N up 1.2%, Mastercard MA.N up 1.3% and American Express AXP.N up 2.5%

A decline in the benchmark interest rates helps card companies as lower interest boosts loan demand and facilitates spending on cards

The Fed cut interest rates last year, but kept them unchanged in 2025 till this afternoon, on the back of geopolitical pressures, trade policy changes and inflationary pressures