MasterCard (MC -3%) and Visa (V -4%) shares tumble after Bernstein's Rod Bourgeois downgrades...

|By:, SA News Editor

MasterCard (MC -3%) and Visa (V -4%) shares tumble after Bernstein's Rod Bourgeois downgrades the credit card giants to Market Perform from Outperform, citing federal caps on fees and pending litigation that may limit their ability to raise prices. “We see a higher probability that Visa’s and MasterCard’s stocks will be dead money."