MA - Mastercard Incorporated

NYSE - NYSE Delayed Price. Currency in USD
324.31
+2.38 (+0.74%)
At close: 4:01PM EST
Stock chart is not supported by your current browser
Previous Close321.93
Open324.95
Bid323.75 x 1100
Ask325.20 x 1000
Day's Range324.12 - 326.79
52 Week Range196.60 - 326.79
Volume3,100,003
Avg. Volume3,271,798
Market Cap327.183B
Beta (5Y Monthly)1.03
PE Ratio (TTM)48.23
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.60 (0.50%)
Ex-Dividend DateJan 06, 2020
1y Target EstN/A
  • MasterCard (MA) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
    Zacks

    MasterCard (MA) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    MasterCard (MA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • When blockchain arrives in fintech, old-line payment processors will feel the pain
    MarketWatch

    When blockchain arrives in fintech, old-line payment processors will feel the pain

    Blockchain will dramatically lower transaction costs for retailers, which paid a collective $108 billion last year.

  • Vodafone Abandons Facebook-Led Libra Cryptocurrency Project
    Bloomberg

    Vodafone Abandons Facebook-Led Libra Cryptocurrency Project

    (Bloomberg) -- Telecom giant Vodafone Group Plc left the Libra Association, becoming the latest company to exit the Facebook-led group trying to create a new global cryptocurrency.The Libra Association, which was finalized last October, once expected to have as many as 28 total members when the project was announced in June. It is now down to 20 following earlier departures from Visa Inc., Mastercard Inc. and others that had committed to the project but then left before the group signed an official charter.“Vodafone is no longer a member of the Libra Association,” Dante Disparte, head of policy and communication for the association, said in a statement. “Although the makeup of the Association members may change over time, the design of Libra’s governance and technology ensures the Libra payment system will remain resilient. The Association is continuing the work to achieve a safe, transparent, and consumer-friendly implementation of the Libra payment system.”The idea for Libra -- a global, digital currency intended to make cross-border money transfers as easy as sending a text message -- has faced opposition at every turn. Facebook, the world’s largest social network, first proposed the idea last June, along with a number of high-profile partners. Many of them are no longer involved, and Facebook has pledged to appease all U.S. regulators before launching the currency. It’s unclear how long that might take.Coindesk earlier reported news of Vodafone’s departure from the group.In a statement, U.K.-based Vodafone said it plans to focus on its own digital payments efforts instead. Vodafone partly owns Safaricom Plc, which operates the M-Pesa mobile-payments app in Kenya, where more people keep their money on their phones rather than in banks. The text message-based app is used by about 35 million people globally to spend, borrow and send money to friends and family.“We will continue to monitor the development of the Libra Association and do not rule out the possibility of future co-operation,” Vodafone spokesman Steve Shepperson-Smith said.\--With assistance from Jenny Surane and Scott Moritz.To contact the reporter on this story: Kurt Wagner in San Francisco at kwagner71@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Robin AjelloFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    Vodafone Group exits Facebook-led Libra currency group

    Britain's Vodafone Group PLC has left the entity that manages the Facebook Inc led effort to launch Libra, a global digital currency, Libra Association said on Tuesday. The association has seen an exodus of its backers including financial companies Paypal Holdings Inc and Mastercard Inc amid regulatory scrutiny. Facebook announced in June last year a plan to launch the digital currency in partnership with other members of the association, but the project quickly ran into trouble with skeptical regulators around the world.

  • Jack Ma’s Booming Loan Business Threatens Visa, AmEx in China
    Bloomberg

    Jack Ma’s Booming Loan Business Threatens Visa, AmEx in China

    (Bloomberg) -- As Visa Inc., Mastercard Inc. and American Express Co. prepare to enter China for the first time, one of their biggest competitive threats will come from a company that doesn’t issue credit cards.Jack Ma’s Ant Financial, already the biggest player in China’s $27 trillion payments market, is leveraging its ubiquitous Alipay mobile app to mount a rapid expansion into consumer lending.Instead of issuing cards, Ant allows customers to borrow with a few taps on their smartphones. The loans are wildly popular among China’s army of mobile-savvy shoppers, who often lack formal credit histories but generate enough financial data via Alipay for Ant to make informed decisions on whether they’ll default. The company’s outstanding consumer loans may swell to nearly 2 trillion yuan ($290 billion) by 2021, according to Goldman Sachs Group Inc. analysts, more than triple the level two years ago.“The consumer loans business has been growing at breakneck speed, but there are so many untapped users,” Huang Hao, president of Ant’s digital finance operations, said in a phone interview outlining the company’s strategy.Ant’s push into China’s 10 trillion yuan market for short-term consumer loans will make it an even more formidable challenger to U.S. card companies, which are counting on the world’s second-largest economy as a source of long-term growth.Many Chinese consumers and businesses are ditching credit cards as Ant and its main competitor Tencent Holdings Ltd. make app-based spending, borrowing and investing increasingly user-friendly. In a Nielsen survey of more than 3,000 Chinese people born after 1990, nearly 61% said they use online consumer credit while only 45.5% had a credit card.“For credit card companies coming to China, the biggest challenge is how to attract people,” said Zennon Kapron, managing director of Singapore-based consulting firm Kapronasia. “A lot of Chinese millennials are digital first, used to using Alipay as their first platform for payments, loans and wealth management.”The card giants appear to be moving forward with their China plans despite the headwinds. AmEx’s application to start a bank card clearing business has been accepted by the country’s central bank, while Mastercard has called China a “vital” market and Visa has said it’s working closely with regulators for a license.As part of its phase-one trade agreement with the U.S., China said it won’t take longer than 90 days to consider applications from providers of electronic-payments services. Regulators are opening the industry to foreign competition amid an unprecedented push to give international firms access to the country’s financial sector.Read more: Visa, Mastercard, AmEx Win Easier Access to China MarketIn response to questions from Bloomberg on the threat posed by Ant, Visa said it sees significant potential to support the growth and evolution of digital payments in China and is approaching the market with a long-term focus. Mastercard said it would continue to work with regulators to advance its application and is committed for the long haul. AmEx declined to comment.Ant, an affiliate of Alibaba Group Holding Ltd. that’s widely expected to pursue an initial public offering in coming years, started its consumer-credit business in 2015. Its loans tend to be small: half the users of Ant’s Huabei (translation: “just spend”) service borrow less than $290 and usually pay it back within months.The Hangzhou-based company, which declined to disclose the value of its outstanding loans, keeps delinquencies in check by tapping into a trove of data amassed by Alipay and Alibaba.Many customers have been using the payments and e-commerce platforms for years -- handing over details from ID cards to addresses and spending habits. Once Ant extends a loan, it can track how the money is spent via Alipay. The result is a bad-debt ratio stands at about 1%, below the 1.24% national average for credit cards.Read more: China’s Gen Z, With Little Income, Gets Hooked on Easy CreditAnt keeps some of the loans on its own balance sheet, charging interest rates that range from about 5% to 18%, according to Huang. But most are passed on for a fee to banks and other financial institutions.“We’re set to continue to work with more banks and finance companies,” Huang said. “We are, at the end of the day, a platform.”The risk for Visa, Mastercard and AmEx is that a swathe of Chinese consumers and businesses will view credit cards as obsolete. About 60% of borrowers on Ant’s Huabei platform don’t have one, and many smaller merchants don’t accept cards because they find it’s cheaper and easier to use Alipay or Tencent’s WePay. The former, with more than 900 million users, is Alibaba’s preferred payments provider.“The competitive landscape is full of local players,” said Hang Qian, a partner at Oliver Wyman, a consultancy. “The key challenges are how to promote small merchants to accept credit cards and how to get e-wallet users to switch.”\--With assistance from Alfred Liu.To contact the reporter on this story: Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.netTo contact the editors responsible for this story: Michael Patterson at mpatterson10@bloomberg.net, Jodi SchneiderFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • GuruFocus.com

    Searching for New Compounding Machines

    A review of some of the investment positions of Akre Capital Management Continue reading...

  • IBD Live: Why Mastercard, UnitedHealth, Costco Are Long Term Leaders
    Investor's Business Daily

    IBD Live: Why Mastercard, UnitedHealth, Costco Are Long Term Leaders

    If you tuned into IBD Live today, you saw the Team discuss top stocks to buy and watch, highlighting Long Term Leaders Mastercard, UnitedHealth and Costco.

  • 3 Reasons Growth Investors Will Love MasterCard (MA)
    Zacks

    3 Reasons Growth Investors Will Love MasterCard (MA)

    MasterCard (MA) possesses solid growth attributes, which could help it handily outperform the market.

  • Has Mastercard (MA) Outpaced Other Business Services Stocks This Year?
    Zacks

    Has Mastercard (MA) Outpaced Other Business Services Stocks This Year?

    Is (MA) Outperforming Other Business Services Stocks This Year?

  • GuruFocus.com

    Our 13 Stock Picks for 2020

    As an annual tradition, we put together a list of high-quality stocks per our investment beliefs Continue reading...

  • Fintech Companies To Buy And Watch In 2020 Amid Rise Of Digital Payments
    Investor's Business Daily

    Fintech Companies To Buy And Watch In 2020 Amid Rise Of Digital Payments

    If you think the time is right to buy fintech company or payment stocks, these investment tools will help as digital technology and new entrants change the industry's competitive landscape.

  • 4 Sector ETFs Sizzling With Solid Buybacks
    Zacks

    4 Sector ETFs Sizzling With Solid Buybacks

    Inside the sectors that have seen strong share buybacks in the past 10 years.

  • TheStreet.com

    US-China Trade Deals: Which Companies and CEOs Made Out the Best?

    As the saying goes, 90% of life is just showing up. Maybe that's why so many U.S. corporate bigwigs were on hand to help President Trump usher in a new era on U.S. and China trade.

  • The seeds of Visa’s $5.3 billion acquisition of Plaid were planted more than a year ago
    Quartz

    The seeds of Visa’s $5.3 billion acquisition of Plaid were planted more than a year ago

    There have long been discussions about a Plaid acquisition at the highest ranks of the card issuer.

  • Financial Times

    Ant Financial preps IPO as Visa and Mastercard eye China

    Ant would prefer we call it a “techfin” firm as its growing clout in Chinese financial services has landed it under the nose of cautious regulators of that industry — one of the reasons its IPO has been delayed for years. Ant dominates mobile payments in China, where scanning QR codes to pay for everything from a bowl of noodles to bike-shares to movie tickets is the norm. Its app includes one of the world's largest money market funds.

  • MasterCard (MA) Outpaces Stock Market Gains: What You Should Know
    Zacks

    MasterCard (MA) Outpaces Stock Market Gains: What You Should Know

    MasterCard (MA) closed at $314.32 in the latest trading session, marking a +1.18% move from the prior day.

  • Bloomberg

    Visa, Mastercard, AmEx Win Easier Access to China Market

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The biggest U.S. card companies just moved a step closer to gaining access to China’s $27 trillion payments market.China said it won’t take longer than 90 days to consider applications from providers of electronic-payments services such as Mastercard, Visa and American Express Co., according the text of a landmark trade agreement with the U.S. It should be an especially welcome reprieve for Mastercard and its partner NetsUnion Clearing Corp., which set up a venture in March that is still awaiting approval from the People’s Bank of China to begin operations.“China is a vital market for us,” Seth Eisen, a spokesman for Mastercard, said Wednesday in an emailed statement. “We continue to make every effort to secure the requisite license to be able to operate in China domestically. This deal is a step forward in that process.”The move shows progress in the U.S. payment networks’ battle for access to mainland China, which has been a point of contention in the trade dispute. Officials from the world’s two largest economies finalized a bevy of deals before signing off on the first phase of a sweeping trade agreement, which they have sought to cast as a major breakthrough in relations.Mastercard Chief Executive Officer Ajay Banga and Visa CEO Al Kelly were in attendance at Wednesday’s festivities at the White House for the trade deal announcement. In a statement, Visa said it sees potential to help further develop digital payments in China through the 2022 Olympics in Beijing and that it’s approaching entry into the country “with a long-term focus.”“Visa is working closely with the Chinese government, including the People’s Bank of China, throughout the application process for a bank card clearing institution license,” the company said in the statement, welcoming the signing of the trade agreement.China in June 2015 allowed foreign bank-card clearing providers to obtain licenses by setting up units or acquiring a local company, ending a monopoly by state-run China UnionPay Co. But progress has since been slow for Visa and Mastercard, the world’s largest payment networks. American Express cleared a key hurdle in early January when regulators accepted its application to start a bank-card clearing business with a Chinese partner.“We’re pleased with the progress we’re making to become the first foreign network to receive a clearing and settlement license to operate in mainland China,” Leah Gerstner, a spokeswoman for AmEx, said in a statement. “We will continue to work through the regulatory approval process through our joint venture in China.”As part of Wednesday’s agreement, the U.S. also pledged not to discriminate against China UnionPay, or CUP, or other Chinese electronic payment services.Mastercard and Visa have long complained that their delayed entrance into China means they’ll be pitting themselves against large domestic players in a market that’s seen mobile payments explode in recent years. Mobile transactions topped 190 trillion yuan ($27 trillion) in China in 2018, making it the world’s largest such market, according to iResearch. Ant Financial’s Alipay and Tencent Holdings Ltd.’s WeChat Pay are the dominant mobile payments firms.They won’t be starting from nothing. Mastercard and Visa have long worked with Chinese banks to slap their brands on cards to facilitate transactions that consumers make outside China. But Wednesday’s announcement means the networks will now have a chance to compete for those cardholders’ domestic spending as well.China had 8.2 billion bank cards in circulation at the end of September, with 90% of them debit cards.(Updates with Visa comment in sixth paragraph, AmEx comment in eighth.)\--With assistance from Jenny Surane and David Scheer.To contact Bloomberg News staff for this story: Lucille Liu in Beijing at xliu621@bloomberg.netTo contact the editors responsible for this story: Candice Zachariahs at czachariahs2@bloomberg.net, ;Alan Goldstein at agoldstein5@bloomberg.net, Jonas Bergman, Dan ReichlFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • The Zacks Analyst Blog Highlights: Alibaba, Mastercard, NVIDIA, Lockheed Martin and Tesla
    Zacks

    The Zacks Analyst Blog Highlights: Alibaba, Mastercard, NVIDIA, Lockheed Martin and Tesla

    The Zacks Analyst Blog Highlights: Alibaba, Mastercard, NVIDIA, Lockheed Martin and Tesla

  • Visa and Mastercard shares are more compelling than those of the big U.S. banks
    MarketWatch

    Visa and Mastercard shares are more compelling than those of the big U.S. banks

    DEEP DIVE Big-bank earnings season is upon us, a reminder that it’s usually better to be an investor in credit-card payment processors than it is lenders. Visa (V) and Mastercard (MA) are financial-services companies but, unlike banks, they don’t actually lend money.

  • Visa Is Rising Nicely From Most Recent Breakout; Is Dow Jones Giant A Good Buy?
    Investor's Business Daily

    Visa Is Rising Nicely From Most Recent Breakout; Is Dow Jones Giant A Good Buy?

    Dow Jones payment giant Visa has plenty of room to grow in electronic payments. Here is what the key fundamentals and technical analysis say about buying Visa stock now.

  • Here are the Plaid investors who won big in its $5.3B sale to Visa
    American City Business Journals

    Here are the Plaid investors who won big in its $5.3B sale to Visa

    Investors who bought into the San Francisco company from New Enterprise Associates, Spark Capital and Kleiner Perkins are in line for rich returns. Here's a look at how big those are.

  • Top Analyst Reports for Alibaba, Mastercard, NVIDIA & Others
    Zacks

    Top Analyst Reports for Alibaba, Mastercard, NVIDIA & Others

    Top Analyst Reports for Alibaba, Mastercard, NVIDIA & Others

  • This Fintech Deal Sets Tone For Payment Stocks In 2020 Amid Transformation
    Investor's Business Daily

    This Fintech Deal Sets Tone For Payment Stocks In 2020 Amid Transformation

    Visa's buyout of fintech startup Plaid on Monday shows payment stocks aren't done shopping even after three massive mergers in 2019.

  • Barrons.com

    Visa Is Buying Plaid for $5.3 Billion. Here’s Why.

    The deal may help Visa emerge as a competitor to the money transfer and peer-to-peer payment platforms that currently use Plaid.