Workflow
Mastercard
icon
Search documents
MasterCard (MA) Beats Stock Market Upswing: What Investors Need to Know
ZACKS· 2024-10-14 22:56
In the latest market close, MasterCard (MA) reached $506.66, with a +0.88% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.77%. Elsewhere, the Dow saw an upswing of 0.47%, while the tech-heavy Nasdaq appreciated by 0.87%.The processor of debit and credit card payments's stock has climbed by 1.8% in the past month, falling short of the Business Services sector's gain of 3.7% and the S&P 500's gain of 4.87%.The investment community will be closely monitoring the perform ...
Is Mastercard (MA) Outperforming Other Business Services Stocks This Year?
ZACKS· 2024-10-14 14:40
Group 1 - MasterCard (MA) is a strong performer in the Business Services sector, currently holding a Zacks Rank of 2 (Buy) [1] - Year-to-date, MasterCard has gained approximately 17.8%, outperforming the Business Services sector average return of 16.1% [2] - The Financial Transaction Services industry, which includes MasterCard, has seen an average gain of 11.6% this year, indicating MasterCard's superior performance within its industry [3] Group 2 - INTERTEK GP (IKTSY) is another strong performer in the Business Services sector, with a year-to-date return of 19.4% and a Zacks Rank of 2 (Buy) [2][3] - The Business - Information Services industry, to which INTERTEK GP belongs, is currently ranked 14 and has gained 16.5% this year [3]
Mastercard Introduces Real-Time Payments in South Africa
ZACKS· 2024-10-11 15:21
Mastercard Incorporated (MA) recently announced the launch of real-time card payments in South Africa in partnership with ACI Worldwide. This initiative will allow South African merchants to receive faster payouts and empower businesses with better cash flow management and more visibility over their funds. By enabling real-time payments, Mastercard enhances the velocity of money, driving growth and innovation in the South African economy.This move bodes well for Mastercard as it aligns with the South Africa ...
Citi and Mastercard Partner on Cross-Border Payments to Debit Cards
PYMNTS.com· 2024-10-10 15:16
Citi and Mastercard have teamed up to enable cross-border payments to Mastercard debit cards.The companies are launching this capability in 14 receiving markets across Europe, Asia, Africa, Latin America and U.S. domestic transfers, and plan to expand it further in the future, they said in a Thursday (Oct. 10) press release.“This collaboration builds on our longstanding relationship with Mastercard and leverages the strength of our global proprietary network combined with other leading digital wallet and ca ...
Is Mastercard Stock a Buy, Sell or Hold at a 30.9X P/E Multiple?
ZACKS· 2024-10-09 17:40
Mastercard Incorporated (MA) stock is trading at a premium compared with its Financial Transaction Services industry. With a forward 12-month Price/Earnings (P/E) ratio of 30.94X, it is above the industry’s average of 22.58X. In comparison, its peers, American Express Company (AXP) and Visa Inc. (V) , are trading cheaper at 18.54X and 24.72X, respectively.Image Source: Zacks Investment ResearchMA gained 14.5% in the past three months compared with the industry’s 8.4% rise and the broader sector’s rally of 5 ...
Reminder - Mastercard Goes Ex-Dividend Soon
Forbes· 2024-10-07 14:23
On 10/9/24, Mastercard will trade ex-dividend, for its quarterly dividend of $0.66, payable on 11/8/24. As a percentage of MA's recent stock price of $497.70, this dividend works out to approximately 0.13%.Start slideshow: 10 Stocks Going Ex-Dividend »Below is a dividend history chart for MA, showing historical dividends prior to the most recent $0.66 declared by Mastercard:MAtickertechIn general, dividends are not always predictable; but looking at the history above can help in judging whether the most rec ...
Is Mastercard & Amazon's Alliance a Game Changer for the MEA Market?
ZACKS· 2024-10-01 16:30
Mastercard Incorporated (MA) recently entered into a multi-year commercial partnership with Amazon Payment Services to enhance digital payment acceptance across the Middle East and Africa (MEA). Per the deal, MA will provide its Mastercard Gateway solution, a single touchpoint for payment processing. It is available in 40 markets across the region. It will enable fast, seamless and secure transactions in the said markets. The partnership aims to benefit Amazon Payment Services' merchants and expand their re ...
Mastercard to buy Swedish startup that makes it easier to manage and cancel subscription plans
CNBC· 2024-10-01 13:00
BARCELONA, SPAIN - MARCH 01: A view of the MasterCard company logo on their stand during the Mobile World Congress on March 1, 2017 in Barcelona, Spain. (Photo by Joan Cros Garcia/Corbis via Getty Images) Mastercard said Tuesday that it's agreed to acquire Minna Technologies, a software firm that makes it easier for consumers to manage their subscriptions. The move comes as Mastercard and its primary payment network rival Visa are rapidly attempting to expand beyond their core credit and debit card business ...
Mastercard, Amazon Team to Digitize Payment Acceptance in Middle East, Africa
PYMNTS.com· 2024-09-30 19:35
Mastercard and Amazon have teamed to digitize payment acceptance in Africa and the Middle East. The partnership between Mastercard and Amazon Payment Services, announced Monday (Sept. 30), covers countries that include Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa and the United Arab Emirates.The collaboration will see Amazon Payment Services adopt Mastercard Gateway — a single touchpoint for payment processing — as a payment solution in 40 markets in the region, to allow merchants to m ...
MasterCard (MA) Rises But Trails Market: What Investors Should Know
ZACKS· 2024-09-26 22:56
Company Performance - MasterCard's stock closed at $491.27, reflecting a +0.37% change from the previous trading day's closing, which is less than the S&P 500's daily gain of 0.4% [1] - Over the past month, MasterCard shares gained 3.74%, lagging behind the Business Services sector's gain of 4.05% but outpacing the S&P 500's gain of 1.71% [1] - The upcoming earnings disclosure is anticipated to show an EPS of $3.72, indicating a 9.73% growth compared to the same quarter last year, with a revenue forecast of $7.24 billion, reflecting a 10.8% growth year-over-year [1] Full Year Estimates - For the full year, analysts expect earnings of $14.29 per share and revenue of $27.92 billion, marking changes of +16.56% and +11.23% respectively from the previous year [2] - Recent changes to analyst estimates are crucial as they reflect shifting business dynamics, with positive revisions indicating confidence in MasterCard's performance [2] Valuation Metrics - MasterCard has a Forward P/E ratio of 34.24, which is a premium compared to the industry's average Forward P/E of 16.39 [3] - The company has a PEG ratio of 1.93, higher than the average PEG ratio of 1.25 for the Financial Transaction Services industry [3] Industry Context - The Financial Transaction Services industry is part of the Business Services sector and currently holds a Zacks Industry Rank of 56, placing it in the top 23% of all industries [4] - The Zacks Industry Rank measures the strength of industry groups, indicating that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]