Fast Money Madness: Visa vs. BAC
After a day off, the "Fast Money Madness" match-ups were back with two big-name financials facing off.
No. 1 Bank of America vs. No. 3 Visa
StockMonster's Guy Adami liked plastic.
"I think Visa can and should win the whole shebang," he said. "It's not because I think the consumer here is alive and well. Far from it. But I think, again, people are spending money in a different way. They use plastic instead of paper. That trend will continue."
Hedgeye Risk Management's Keith McCullough took the opposite side.
"I think housing's been one of the biggest calls of the year, and if you stay with that you get the pullback, and here it is, Bank of America, take it to new highs," he said.
Brian Kelly of Shelter Harbor Capital was a believer in Visa.
"Even though in the past I've picked Bank of America, I think given this match-up I'd much rather be in a name that's going through a secular change," he said.
Tim Seymour of EmergingMoney.com said, "It's a no-brainer."
"First of all, if you look at valuation, Bank of America's got plenty of room to go — the money center banks, period," he added. Plus, with price to tangible book at 0.87, "It's cheap to its peers."
The tie went to Twitter followers of "Fast Money," who tipped the balance toward a Bank of America victory.
Trader disclosure: On April 2, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Brian Kelly is long GOLD; Brian Kelly is long SILVER; Brian Kelly is long TREASURIES; Brian Kelly is short S&P; Brian Kelly is short DAX; Brian Kelly is short EUROSTOXX; Tim Seymour is long AAPL; Tim Seymour is long C; Tim Seymour is long INTC; Tim Seymour is long SBUX; Tim Seymour is long VOD; Keith McCullough is long XLU; Keith McCullough is long TLT.