In the latest trading session, MasterCard (MA) closed at $444, marking a +0.88% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.28%. Meanwhile, the Dow experienced a rise of 0.53%, and the technology-dominated Nasdaq saw an increase of 0.4%.Shares of the processor of debit and credit card payments have depreciated by 1.02% over the course of the past month, underperforming the Business Services sector's gain of 1.47% and the S&P 500's gain of 3.78%.The upcoming ear ...

Mastercard Incorporated (MA) recently teamed up with the leading online travel platform, Expedia Group, Inc. (EXPE) , and the renowned financial services company, Wells Fargo (WFC) , to introduce two co-branded credit cards. These cards are branded the One Key Card and One Key+ Card. Applications for both cards will be accepted nationwide later this summer. Inclusive of terms applied, the One Key Card will not carry an annual fee, while One Key+ will bear an annual fee of $99 . The One Key Cards, created fo ...

The markets have soared in the last six months, with a handful of hot stocks leading the charge. Equity benchmarks like the S&P 500 are charting new territories fueled by macroeconomic factors. In the first six months of the year, the index is up by an impressive 17.50%, recording new all-time highs 34 times this year.Looking at the statistics, it is tempting to assume that this momentum will lead the market to a strong finish this year. But if we’re being honest, there are two ways this can play out. The b ...

Mastercard and Canadian FinTech Nuvei have teamed to help consumers turn digital assets into fiat currency.The collaboration, announced Thursday (July 11), is open to consumers in Europe, and lets them convert their assets via debit, credit and prepaid cards.“This new functionality provides a bridge between digital and traditional finance that can be spent via Mastercard’s global network,” the companies said in a news release. “This off-ramping solution is integrated directly into Nuvei’s modular payment pl ...

Mastercard Incorporated (MA) recently teamed up with the Medical Tourism Association (“MTA”) in a bid to upgrade the global healthcare experience for medical tourists and enable secure and rapid cross-border payments to healthcare providers. All this will be made possible by leveraging MA’s commercial virtual card technology. The initial launch of the new payment capabilities will be made by the partners with select healthcare providers globally, with plans to expand the reach to more providers by 2024-end. ...

Mastercard Incorporated (MA) recently undertook a series of partnerships aiming to further boost its footprint in the UAE. The first move entails strengthening MA’s ties with one of the largest alliances of independent hotel brands globally, Global Hotel Alliance (“GHA”). GHA represents a group of 40 brands with over 800 hotels in 100 countries.The partners have entered into a multimarket deal to unveil a co-branded card that promises to offer personalized travel benefits and lucrative rewards to affluent c ...

MIAMI, July 10, 2024 (GLOBE NEWSWIRE) -- Datapro, a leading provider of core banking systems and digital solutions, recently collaborated with Mastercard to expand the integration of Mastercard Cross-Border Services, a solution within the Mastercard Move portfolio of money transfer solutions. The collaboration will provide Datapro’s customers throughout Latin America and the Caribbean with access to fast, transparent, and convenient cross-border payment experiences. Increasingly, consumers are looking for w ...

MIAMI, July 10, 2024 (GLOBE NEWSWIRE) -- Datapro, a leading provider of core banking systems and digital solutions, recently collaborated with Mastercard to expand the integration of Mastercard Cross-Border Services, a solution within the Mastercard Move portfolio of money transfer solutions. The collaboration will provide Datapro's customers throughout Latin America and the Caribbean with access to fast, transparent, and convenient cross-border payment experiences. Increasingly, consumers are looking for w ...

Core Insights - Mastercard has benefited from the pandemic, leading to increased credit card adoption and a shift towards cashless transactions, gaining market share from Visa [2][26] - The stock is currently not at its lowest valuation but presents a compelling entry point due to recent underperformance [3][26] Financial Performance - In the most recent quarter, Mastercard reported a 10% year-over-year growth in gross dollar volume (GDV), with 6% growth in the United States [6][8] - Net revenue grew by 10% year-over-year, or 11% on a currency-neutral basis, with management initially guiding for the low end of low-double-digits [8][12] - Operating income increased by 11% year-over-year, while earnings per share (EPS) grew by 18% year-over-year due to a lower tax rate and share repurchases [12][14] Balance Sheet and Shareholder Returns - Mastercard ended the quarter with $7.3 billion in cash and $13.5 billion in debt, indicating a reasonable leverage ratio compared to $15.8 billion in trailing twelve months EBITDA [14] - The company has actively utilized its balance sheet, spending $2 billion on share repurchases and $616 million on dividends [14] Future Outlook - Management has guided for high-single-digit revenue growth in the second quarter, with consensus estimates for non-GAAP EPS at $3.52, representing 21.8% year-over-year growth [15][16] - For the full year, management expects low-end of low-double-digit revenue growth, maintaining high-end expectations on a currency-neutral basis [16][17] Market Position and Growth Potential - Mastercard is positioned as an underdog compared to Visa, with a strong potential for sustaining double-digit growth due to the ongoing transition to cashless transactions and increasing market share [19][26] - The stock trades at around 15 times sales, below its 5-year average of nearly 17 times, suggesting potential for future appreciation [20][22] Earnings and Valuation - Consensus estimates indicate healthy double-digit earnings growth, outpacing revenue growth due to operating leverage and share repurchases [22][24] - The stock may sustain a 30 times earnings multiple, reflecting the quality of its business model and conservative leverage ratio, implying attractive return potential [24][26]

The latest trading session saw MasterCard (MA) ending at $446.24, denoting a -0.72% adjustment from its last day's close. This change lagged the S&P 500's daily gain of 0.1%. Elsewhere, the Dow lost 0.08%, while the tech-heavy Nasdaq added 0.28%.Prior to today's trading, shares of the processor of debit and credit card payments had lost 0.07% over the past month. This has lagged the Business Services sector's gain of 2.1% and the S&P 500's gain of 4.08% in that time.Market participants will be closely follo ...