Credit-Card Stocks Slug It Out

MasterCard shares have surged since its 2006 IPO, but Morgan Stanley's spin-off of its Discover unit on July 2 hasn't been nearly as well received

Americans are used to piles of credit-card solicitations arriving in the mail every week. But now investors are facing a similar array of choices in the stock market. One by one, the big brand names printed on those credit cards are going public.

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