Why Mastercard Stock Sank on Wednesday
Mastercard(MA) The Motley Fool·2024-05-01 22:45Investors were clearly expecting better performance from MasterCard in its latest quarter.Within the finance sector over many years, Mastercard (MA -2.02%) has been one of the more popular stocks to own. Yet there was a distinct lack of love for the payment card giant on Wednesday, as investors traded out of the stock to the point where it lost 2% of its value.The culprit? The company's latest set of quarterly results.Double-digit increasesRevenue came in at $6.3 billion for Mastercard in its first quarter, ...