Card companies fall after Senate vote

NEW YORK (BestGrowthStock) – Shares of credit card companies fell in premarket trading on Friday, a day after the Senate voted to limit fees charged on credit and debit card transactions.

It separately moved to overhaul the credit-rating business as part of a widening Wall Street reform bill.

Visa (V.N: ) shares fell 7.6 percent to $79.21 while MasterCard Inc (MA.N: ) fell 7.4 percent to $215.10. American Express (AXP.N: ), a Dow component, fell 2.1 percent to $41.92 and Capital One Financial (COF.N: ) lost 2.6 percent to $43.75.

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(Reporting by Ryan Vlastelica, Editing by W Simon )

Card companies fall after Senate vote