Follow Invezz on Telegram , Twitter , and Google News for instant updates >Mastercard (NYSE: MA) and Standard Chartered Bank Hong Kong (SCBHK) have successfully completed the first live test of tokenised deposits using blockchain technology within Hong Kong’s fintech sandbox.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.This initiative marks a significant step forward in exploring the potential of blockchain in revolutionising banking transactions a ...

Mastercard Incorporated (MA) recently teamed up with the Nigeria-based multinational bank, Access Bank Group, to unveil an innovative cross-border money movement solution for enabling hassle-free cross-border payments to and from 150-plus African markets. The solution was made available for use from the very day of the collaboration announcement and further expansion plans across the continent remain in place. Its shares gained 0.3% on May 10.The solution is built through utilizing the multiple complementar ...

For junior traders, emulating successful investors is often the most effective strategy. And who better to emulate than Warren Buffett, a stock market legend and Chairman of Berkshire Hathaway (NYSE: BRK.A), with decades of experience and a track record of numerous successful investments.Buffett’s approach prioritizes fundamentals, focusing on a company’s performance, financial health, and future potential before making investment decisions. Years of experience have honed his ability to distinguish between ...

If history is any indication, this business should reward patient investors over the long haul.There haven't been many stocks that have performed better than Mastercard (MA 0.33%) in recent memory. Since its initial public offering in May 2006, the credit card payment processor's shares have skyrocketed 9,670% (as of May 6), crushing both the S&P 500 and the Nasdaq Composite Index.Now, with a market cap of $418 billion, this financial stock has certainly made its early shareholders wealthy beyond their wild ...

Berkshire Hathaway has invested billions of dollars on these two superstar stocks.It pays to follow which stocks Warren Buffett is buying. His holding company, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), has averaged double-digit annual returns for decades.What is Buffett and Berkshire buying today? Two stocks in particular stick out. While technically competitors, they each control a huge chunk of a growing, highly profitable market. Investors have already greatly profited from these two stocks, but it' ...

This dominant payments business should be on every investor's radar.Mastercard (MA 0.38%) recently reported its 2024 first-quarter results. Revenue and diluted earnings per share (EPS) came in ahead of Wall Street estimates, but because the market is a forward-looking machine, investors were probably disappointed that executives slightly lowered their sales guidance for the full year.Nonetheless, this financial stock has been a big winner for shareholders in the past decade, rising almost 500% during that t ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about MasterCard (MA) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.MasterCard currently has an average broker ...

MFAM investment returns to fund the Mastercard Foundation's work with its partners in Africa and Canada over the long term TORONTO, May 2, 2024 /PRNewswire/ - The Mastercard Foundation today introduced the Mastercard Foundation Asset Management (MFAM) Corporation, a new, separate asset management company with a mandate to build and manage a diversified portfolio to support the mission of the Mastercard Foundation and the work of its partners over the long term. The Mastercard Foundation is a registered Cana ...

Performance Overview - Mastercard's revenue for the first quarter was $6.3 billion, representing a 10% year-over-year increase, or 11% on a currency-neutral basis [2] - Gross dollar volume (GDV) increased by nearly 9% to almost $2.3 trillion [2] - Non-GAAP adjusted net income rose by 16% year-over-year to $3.1 billion ($3.31 per share) on both as-reported and currency-neutral bases [2] Market Reaction - Mastercard's stock lost 2% of its value as investors reacted negatively to the quarterly results [1] - The revenue miss was notable, with analysts expecting $6.34 billion, slightly higher than the reported $6.3 billion [3] - Despite the revenue miss, the company's adjusted net income of $3.31 per share exceeded the analyst forecast of $3.24 per share [3] Growth Drivers - The increase in revenue and net income was driven by higher consumer spending, with more transactions made using Mastercard's payment cards [2] - Cross-border commerce grew by 18%, contributing significantly to the company's performance [2]

Mastercard Incorporated (MA) reported strong first-quarter 2024 results on the back of resilient consumer spending and solid cross-border volumes. Despite higher-than-average inflation and a high-interest rate environment, higher card spending by U.S. consumers continues to support MA’s results. An expanding payment network and value-added services and solutions also contributed to the quarterly results.However, the upside was partly offset by an increase in operating expenses. Also, investors might worry a ...