27.51 -0.15 (-0.54%)
After hours: 7:53PM EDT
|Bid||27.60 x 100|
|Ask||27.64 x 100|
|Day's Range||27.56 - 28.45|
|52 Week Range||22.89 - 30.33|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.14%|
Stocks tumble as Trump hits China with $60B in tariffs
Exchange-traded funds that track and financial and banking sectors rose sharply on Wednesday, after the Federal Reserve raised interest rates, as had been widely expected. The Financial Select Sector SPDR ...
Mastercard (MA) posted net revenues of $12.5 billion in 2017 compared to $10.8 billion in 2016, which reflects a rise of 16%. Mastercard management is optimistic about its performance moving forward. According to Mastercard’s management, the company is expected to witness growth of 15% to 16% in its net revenues.
Mastercard (MA) is focusing on improving the customer experience to enhance customer loyalty. One of the company’s challenges in this respect it that it doesn’t come in direct contact with consumers. Mastercard also ensures that while executing the transactions, the consumers feel secure.
On March 1, 2018, American International Group (AIG) announced that changes had been made to its leadership positions. Naohiro Mouri had been appointed as the new executive vice president and chief auditor, and Donna DeMaio would be the global chief operating officer of the company’s general insurance division. According to the chair of the audit committee, the appointment of Mouri will be a value addition due to his experience and his understanding of the company’s day-to-day activities.
Mastercard (MA) witnessed strong momentum in its cross-border volumes in January 2018. The strong momentum in cross-border volumes was a result of several factors. Another factor that contributed to the momentum in the cross-border volumes was the holiday spending in Europe.
American International Group’s (AIG) Canadian business unit, AIG Canada, announced on February 13, 2018, that it had made the list of Canada’s Top 100 Employers of the younger generation. This special recognition is given to those employers that provide mentorship, tuition assistance, and other employee-friendly programs after course completions or promotions. According to AIG Canada’s management, the company has several initiatives that have been created for the purpose of retaining and attracting young people.
On February 27, 2018, Mastercard (MA) announced a partnership with Dream Payments to facilitate payments to insurance customers. Initially, Northbridge Financial, an insurance company in Canada, will utilize the Mastercard Send platform. The Canadian insurance industry makes payments worth billions of Canadian dollars per year.