Fed to Raise Rates Big Again in July: 6 Warren Buffett Stocks Could Benefit

Mastercard has pledged to connect 1 billion people and 50 million small businesses to the digital economy by 2025. This commitment is an extension of its 2015 promise to bring 500 million people who have no ready digital access to financial products into the system. Rising interest rates allow the banks to charge more to those who keep credit card balances.

Investors receive a 0.63% dividend. Goldman Sachs has set its price target at $460, while the consensus target on Mastercard stock is $431.81. Shares closed at $330.50 on Friday, which was up over 4% on the day.

U.S. Bancorp

This top super-regional bank is another of the higher-paying dividend bank stocks. U.S. Bancorp (NYSE: USB): provides various financial services in the United States through a network of 2,434 banking offices, principally operating in the Midwest and western regions of the United States, as well as through online services and a network of 4,232 ATMs.

The company offers depository services, including checking accounts, savings accounts and time certificate contracts; lending services, such as traditional credit products; and credit card services, lease financing and import/export trade, asset-backed lending, agricultural finance and other products. It also provides ancillary services comprising capital markets, treasury management and receivable lock-box collection services to corporate customers; and a range of asset management and fiduciary services for individuals, estates, foundations, business corporations and charitable organizations.

In addition, U.S. Bancorp offers investment and insurance products to its customers principally within its markets, as well as fund administration services to a range of mutual and other funds. The company also provides corporate and purchasing card and corporate trust services, and merchant processing services, as well as cash and investment management, ATM processing, mortgage banking and brokerage and leasing services.

Shareholders receive a 5.47% dividend. The target price on U.S. Bancorp stock at Oppenheimer is a Wall Street high $72. The consensus target is $65.52, and the shares closed at $45.50 on Friday.

The Federal Reserve and the excessive government spending are the main reasons why inflation has surged to and remains at 40-year highs. The Fed almost surely will raise the rate by 75 basis points in July, and another 50 basis points in September. You cannot fight the Fed when rates are rising or falling, but these six top blue chips can take advantage of the increases far better than most companies will.

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