345.88 +1.32 (0.38%)
After hours: 7:33PM EST
|Bid||344.56 x 800|
|Ask||345.88 x 800|
|Day's Range||342.63 - 347.24|
|52 Week Range||215.93 - 347.24|
|Beta (5Y Monthly)||0.98|
|PE Ratio (TTM)||43.40|
|Earnings Date||Apr. 27, 2020 - May 03, 2020|
|Forward Dividend & Yield||1.60 (0.47%)|
|Ex-Dividend Date||Apr. 07, 2020|
|1y Target Est||359.44|
Mastercard Incorporated (NYSE: MA) today announced its participation in the following investor conferences in the month of March:
The Zacks Analyst Blog Highlights: Mastercard, Comcast, Honeywell International, QUALCOMM and Dominion Energy
Research has repeatedly shown that businesses who aim to create an inclusive work environment by nurturing and developing diverse talent outperform businesses that do not.
Mastercard today announced it has received in-principle approval from the People’s Bank of China to begin preparations for domestic clearing in China
(Bloomberg) -- Sign up for Next China, a weekly email on where the nation stands now and where it's going next.Mastercard Inc. won approval to set up a bank card clearing business in China, gaining access to a $27 trillion payments market as part of the nation’s financial opening.The announcement by the People’s Bank of China on Tuesday signals the country is moving ahead with the speedier opening of its financial system that was agreed on as part of the phase one trade deal with the U.S., even as it grapples with a virus outbreak.Mastercard and its partner, NetsUnion Clearing Corp. will need to complete preparation work within a year, the central bank said.Mastercard called the decision “encouraging,” with China being one of its most important markets. Further approval will also be needed after the preparations are over, it said in a statement.China is opening up its financial markets this year to allow foreign firms to set up fully owned operations to run insurance businesses, asset management and investment banking. Back in June 2015, it eased rules to allow foreign bank-card clearing providers to obtain licenses by setting up units or acquiring a local company, ending a monopoly by state-run China UnionPay Co.Read more on how payments firms are gaining access to the Chinese marketAs part of the trade deal, Chinese regulators said they would take no longer than 90 days to consider applications from providers of electronic-payments services such as Mastercard, Visa Inc. and American Express Co. Mastercard set up its majority-owned joint venture nearly a year ago.Mastercard and Visa have long complained that their delayed entrance into China means they’ll be pitting themselves against large domestic players in a market that has seen mobile payments explode in recent years. Mobile transactions topped 190 trillion yuan ($27 trillion) in China in 2018, making it the world’s largest such market, according to iResearch.China had 8.2 billion bank cards in circulation at the end of September, with 90% of them debit cards.American Express Co. also cleared a key hurdle in its bid to accessing China after the central bank last month accepted its application to start a bank card clearing business. A decision to accept the application signals that it’s moving closer to final approval.(Updates throughout with context)To contact Bloomberg News staff for this story: Lucille Liu in Beijing at firstname.lastname@example.orgTo contact the editors responsible for this story: Candice Zachariahs at email@example.com, Jonas BergmanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
For actress Lupita Nyong’o, winning an Oscar for “12 Years a Slave” back in 2014 set her on a very different career path and changed her relationship with money.
Mastercard Incorporated (NYSE: MA) today announced that its Board of Directors has declared a quarterly cash dividend of 40 cents per share.
Last week, you might have seen that Mastercard Incorporated (NYSE:MA) released its full-year result to the market. The...
Soaring stock prices are propelling credit and debit card companies Visa Inc and Mastercard Inc up the market value charts, where they currently rank 7th and 11th among companies in the benchmark S&P 500 index. The stock prices of both Visa and Mastercard have gained roughly 50% in the past year. While the stocks may not keep up that torrid pace, Visa and Mastercard would each be worth over $1 trillion by 2023 if their average annual gains of the past three years were to continue, surging past the likes of Facebook Inc and Berkshire Hathaway Inc , if they also maintain their recent pace.
Mastercard tops earnings estimates in fourth-quarter 2019 and has a promising outlook for 2020. Contactless payment and digital initiatives will boost the company's growth.
Mastercard's (MA) Q4 results reflect revenue gains from increase in gross dollar value and cross-border volumes, partly offset by rise in expenses.
(Bloomberg) -- Mastercard Inc.’s new initiative to team up with more startups on credit cards is beginning to pay off.The company has been initiating card programs for fintechs including Brex Inc., Revolut Technologies Inc. and TransferWise Inc., and has unveiled programs designed to make it easier for startups to join Mastercard’s network. That helped boost customers’ spending on the firm’s cards to $1.28 trillion in the quarter, up 11% from a year earlier and in line with analysts’ estimates.“The solution that Mastercard brings is more holistic than just saying, ‘We’ll switch the transaction for you,’” Chief Financial Officer Sachin Mehra said in a telephone interview Wednesday. “We say, ‘All right, fintech ABC, what are your objectives? What are you trying to achieve? You’re trying to go cross border or you’re trying to target travelers? Here, let us help you with data analytics and fraud tools.’”Mastercard also notched several major renewals in recent months, extending its deals with Citigroup Inc. and Capital One Financial Corp. As a result, the firm has been setting aside more money to entice banks and retailers to route spending over its network. Rebates and incentives totaled $2.31 billion in the last three months of the year, up 17% from a year earlier and more than analysts expected.The company’s adjusted net revenue is likely to climb by a percentage in the “low teens” this year, while operating expenses will increase by a percentage at the “high end of high single digits,” according to a presentation Wednesday. That’s in line with analysts’ expectations.Mastercard shares rose 0.4% to $321.38 at 11:53 a.m. in New York. The firm’s shares have climbed 61% in the past year, more than the 51% gain for the 71-company S&P 500 Information Technology Index.Cardholders’ overseas spending increased 15% in the first three weeks of the year, Mehra said on a conference call, slightly slower growth than the 16% reported for the fourth quarter. The company is keeping a close eye on how the spread of the new coronavirus that originated in the Chinese city of Wuhan may impact consumer spending around the world.(Updates with CFO interview beginning in third paragraph.)To contact the reporter on this story: Jenny Surane in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Michael J. Moore at email@example.com, Daniel Taub, Steve DicksonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Mastercard (NYSE: MA) today announced its financial results for its fourth quarter and full year of 2019 through a release at investor.mastercard.com.
Numerous names in the payment processors group were showing strong action today but Mastercard its shown this ability to be a steady performer.