|Bid||28.56 x 2000|
|Ask||28.95 x 2000|
|Day's Range||28.66 - 28.85|
|52 Week Range||22.89 - 30.33|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.14%|
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.
Although tech has led the market for much of 2018, as it did last year, those stocks are falling on Monday, on worries about how Facebook (FB) private data may have been misused. However, there are plenty of people who have been defending tech through worries about tariffs to comparisons to the tech bubble. Credit Suisse's Jonathan Golub is among those: He released his latest sector weightings today, writing that tech and financials, two long-time favorites, along with consumer discretionary, are still his favorite overweight positions. As for financials, he writes that the sector should see 30% earnings growth on higher interest rates and strong credit performance.
Over the past few years, Mastercard’s (MA) revenues have remained consistent. According to the company’s management, of the total revenue growth, 75% came from core products like prepaid, debit, credit, and commercial cards. First, Mastercard is witnessing favorable momentum in its business because of the supportive economic environment.
On February 28, 2018, Mastercard (MA) made an announcement regarding the development of its Masterpass QR bot on Facebook Messenger. This move is for small business owners in Asia and Africa. This move aims to help small business owners target new markets through the help of digital tools.
For the week ending March 16, the S&P 500 Index closed at 2,752.01, a fall of 1.2%, as news about a possible second round of import tariffs could be announced soon and because of the increased political uncertainty at the White House. Two of the major S&P 500 sectors, utilities (XLU) and the real estate (XHB), managed to record gains last week, while the financials (XLF) and the materials sectors were the worst-performing sectors last week. Large speculators of the S&P 500 Index increased their net bullish positions last week.
According to a report in The Wall Street Journal, the government expanded its investigation into Wells Fargo (WFC). The investigation will include Wells Fargo’s wealth management division. The U.S. Department of Justice is investigating whether Wells Fargo made inappropriate recommendations or referrals and failed to inform customers about potential conflicts of interest.