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Today’s Research Reports on Stocks to Watch: Mastercard and Visa

NEW YORK, NY / ACCESSWIRE / October 31, 2018 / Mastercard reported its earnings that beat estimates this week however the stock still closed in the red. Shares of Visa were also down a little over 1%.

RDI Initiates Coverage on:

Mastercard Incorporated


Mastercard Incorporated shares were down 1.73% at the close on Tuesday with about 9.2 million shares traded. The company reported its third quarter financial results revealing earnings of $1.78 per share compared to earnings of $1.34 per share a year ago. Analysts were waiting for $1.68 a share. Net Revenue also rose from $3.4 billion to $3.9billion, in line with expectations. CEO Ajaypal S. Banga remarked on the earnings call, "So a strong performance continued this quarter. We had revenue growth of 17% and an EPS growth of 36% versus a year ago on a currency-neutral basis and excluding special items. Now if you further exclude the impact of the accounting changes that affect year-over-year comparisons, our underlying net revenue growth was 14% and our operating income increased by 19%. I think these results reflect our operational focus, our market share growth and, I think, a strong underlying business fundamentals, while we continue to invest on the business for the longer term."

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Visa Inc. shares were down 1.17% on about 15.1 million shares traded yesterday. There was no particular news from the company but it was last week that Visa reported an 11 percent surge in third-quarter profit. The company reported earnings per share of $1.21, up 14%, and revenue of$5.434 billion, up 12%. Looking ahead, the company expects full-year fiscal 2019 revenue growth in the "low double-digits on a nominal basis." CEO Alfred Francis Kelly said on the earnings call, "Our performance remained strong in fiscal fourth quarter. Revenue growth was 12% as all our key business drivers remained robust despite the stronger dollar. Payments volume growth on a constant dollar basis of 11% was right in line with last quarter, with strength in the U.S. offsetting a slowdown in dual-branded card volume in China. Excluding China, our payment volume growth would have modestly accelerated versus the last quarter. Cross-border on a constant dollar basis was 10%, same as the prior quarter. Processed transaction growth was consistent with last quarter at 12%. Expense growth adjusted for a donation of available-for-sale investment securities to the Visa Foundation was 12%, primarily driven by personnel-related investments.”

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Our Actionable Research on Mastercard Incorporated (NYSE: MA) and Visa Inc. (NYSE: V) can be downloaded free of charge at Research Driven Investing.

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