Credit card companies like  (NYSE: MA) are poised to benefit from the world moving away from cash and toward digital payments over the next several years. With a proven track record of growth and innovation in the payment industry, it's no surprise that investors have loved its stock for years. But with significant legal and regulatory risks on the horizon, the question remains: Should you continue to hold on to your shares? Let's dive in and find out.

Mastercard's second-quarter 2023 earnings results were strong. The company reported diluted earnings per share (EPS) of $2.89, up 12.9% from last year's period and beating analysts' expectations. Net revenue jumped by 14.5% to $6.3 billion, beating estimates of $6.18 billion. Several factors drove the strong results, including:

Mastercard CEO Michael Miebach said, "We delivered another strong quarter of revenue and earnings growth, supported by resilient consumer spending, particularly in travel and experiences." He added, "Our differentiated capabilities, diversified business model, and focused strategy positions us well to capitalize on the significant opportunity ahead."

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Source Fool.com