Net income rose 20% in the quarter ended June 30th, 2017. EPS was $1.10 per share and EBITDA margins touched 57%. http://s2.q4cdn.com/242125233/files/doc_financials/2017/2Q-17-Earnings-Release.pdf http://s2.q4cdn.com/242125233/files/doc_presentations/2017/2Q17-MA-Earnings-Presentation.pdf Visa reported higher growth rates. It must be noted that Visa’s results were buoyed by the inclusion…

EBITDA margins were 20.6% in the quarter ended June 30th, 2017. Revenues grew by 18.3% year over year. https://www.reuters.com/article/us-paypal-hldg-results-idUSKBN1AB2S5

Earnings for Visa, at $.86 US per share, surpassed the average analyst estimate by about $.06, or 7.5%. Revenue, including the European division, grew by 26%. Total processed transactions grew by more than 44% year over year. https://finance.yahoo.com/news/visa-inc-reports-strong-fiscal-200500598.html

The Euro had appreciated by more than 11.6% in the first half of 2017. The Canadian dollar has appreciated by almost 5% and the Mexican Peso has appreciated by more than 10% in the first half of 2017. This offers…