MA - Mastercard Incorporated
322.99 -0.68 (-0.21%)
After hours: 6:42PM EST
| Previous Close | 324.98 |
| Open | 326.57 |
| Bid | 323.65 x 1400 |
| Ask | 323.50 x 900 |
| Day's Range | 321.66 - 327.09 |
| 52 Week Range | 197.66 - 327.09 |
| Volume | 3,533,361 |
| Avg. Volume | 3,218,914 |
| Market Cap | 326.538B |
| Beta (5Y Monthly) | 1.03 |
| PE Ratio (TTM) | 48.14 |
| EPS (TTM) | 6.72 |
| Earnings Date | Jan 28, 2020 |
| Forward Dividend & Yield | 1.60 (0.49%) |
| Ex-Dividend Date | Jan 07, 2020 |
| 1y Target Est | 339.57 |
- Investor's Business Daily
American Express Earnings Top; Dow Jones Stock Hits Record High
American Express earnings beat views, while revenue was in line. Shares of the Dow Jones financial giant rose to record high and beyond a buy zone.
- Reuters
Four-comma club: Predicting the next company to join trillion-dollar value elite
The trillion-dollar market cap club expanded last week to a third U.S. company, with Google parent Alphabet Inc topping the lofty valuation mark. Apple Inc and Microsoft Corp are also worth more than $1 trillion on the stock market. Social media platform Facebook Inc appears to have the pole position.
- Barrons.com
Payments Company Paya May Seek Buyer in $1 Billion Sale
Paya, the payments company owned by GTCR, could go up for sale later this year, a person familiar with the situation said. The Atlanta company generates $50 million in earnings before interest, taxes, depreciation and amortization (also known as Ebitda). Paya is not up for sale right now but it could go on the block sometime mid-year, the person said.
- Investopedia
Cryptocurrency News: Another Company Ditches the Libra Association
Vodafone leaves the Libra Association and numerous central banks to meet and discuss the use of digital currencies.
- Investor's Business Daily
This Hot Mutual Fund Investor Sticks To His 20 Best Ideas
Are you looking for a top-notch mutual fund? Or for individual stock ideas? Either way, you should start your search with the best mutual funds.
- Zacks
Will Mastercard (MA) Q4 Earnings Gain From Higher Spending?
Mastercard's (MA) Q4 earnings are likely to have benefited from higher switched transactions, increase in cross-border volume and gross dollar volume, and gains from acquisitions.
- American City Business Journals
SoFi dumps Visa for MasterCard as it plans to issue credit card this year
SoFi CEO Anthony Noto said Mastercard was more willing to play ball with the fintech to leverage its naming rights to SoFi Stadium as a cardholder benefit.
- Zacks
MasterCard (MA) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, MasterCard (MA) closed at $324.98, marking a +0.21% move from the previous day.
- PR Newswire
SoFi Supercharges its Debit and Credit Cards with Mastercard
SoFi, the digital personal finance company, and Mastercard today announced a multifaceted partnership to offer a suite of products and in-person experiences to its nearly one million (and growing) SoFi members.
CNW GroupMastercard opens global Intelligence and Cyber Centre in Vancouver
VANCOUVER , Jan. 23, 2020 /CNW/ - Mastercard today unveiled its new Intelligence and Cyber Centre in Vancouver, Canada . The centre will expand the company's Canadian presence by creating and maintaining a total of 380 jobs, and accelerate innovation in digital and cyber security, artificial intelligence, and the Internet of Things. The new space in Vancouver will become one of six global technology centres for Mastercard and will develop cyber solutions for the payments ecosystem globally.
- MoneyShow
Top Picks 2020- American Express AXP and Mastercard MA
In the stock market, there may not be such a thing as a truly conservative stock. Some stocks that look conservative, can get thrown out the window when things get tough, notes John Reese, editor of Validea.
- Business Wire
Mastercard and The Rockefeller Foundation Announce data.org: A Platform for Data Science Partnerships
Mastercard and The Rockefeller Foundation today announced data.org as a platform for data science for social impact partnerships.
- 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.
- 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.
- 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.
- 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...
- 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.
- Zacks
3 Reasons Growth Investors Will Love MasterCard (MA)
MasterCard (MA) possesses solid growth attributes, which could help it handily outperform the market.
- 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...
- Yahoo Finance Video
Mastercard hopes to see improvement in business with USMCA trade agreement
Yahoo Finance's Editor in Chief Andy Serwer and Alexis Christoforous speak with Michael Froman, Mastercard Vice-Chairman, live at the World Economic Forum in Davos, Switzerland.
