202.92 -0.29 (-0.14%)
After hours: 4:51PM EDT
|Bid||202.95 x 800|
|Ask||203.39 x 800|
|Day's Range||202.01 - 204.60|
|52 Week Range||130.36 - 214.28|
|PE Ratio (TTM)||45.57|
|Earnings Date||Oct 29, 2018 - Nov 2, 2018|
|Forward Dividend & Yield||1.00 (0.49%)|
|1y Target Est||229.28|
Both companies are poised to benefit from the global economy's shift from cash to digital payments. Which makes for a better investment now? That's a tougher question.
Former presidential adviser Omarosa Manigault Newman leveled a number of damaging claims against the White House on Sunday, and accused Chief of Staff John Kelly. Former presidential adviser Omarosa Manigault Newman leveled a number of damaging claims against the White House on Sunday, and accused Chief of Staff John Kelly of brandishing a threat against her as she was fired. During an appearance on NBC's "Meet the Press" connected to a tell-all book, Manigault Newman sought to refute a number of reports in the media that she said unfairly portrayed her as desperate to keep her job.
Russian lender Genbank, which focuses on Crimea, said it will stop providing services to clients who hold Visa and MasterCard cards in August. Simferopol-based Genbank covers the Crimean peninsula, which was annexed by Russia in 2014 after which Western sanctions curbed banks from operating in the region. To date, more than 37 million Mir cards have been issued in Russia, according to the Russian National System of Payment Cards (NSPK) that was introduced in 2014 as a response to Western sanctions over Moscow's role in the Ukraine crisis.
What’s known in payments-industry parlance as an interchange fee is typically divided among multiple parties and usually amounts to about 2 percent of a purchase price for a credit-card transaction and 24 cents for one with a debit card. The networks, Visa and Mastercard, sit between the consumer’s bank and the merchant’s bank and send signals back and forth that allow money to securely pass between the two. In a typical transaction, proceeds are shared by the two banks and either Visa or Mastercard.
Visa Inc. and Mastercard Inc. agreed to cut Canadian credit-card transaction fees in a move that could save smaller businesses C$250 million ($192 million) a year and crimp revenue for Canadian lenders. The U.S. companies agreed to reduce the average annual interchange rate in Canada by 10 basis points to 1.4 percent on cards, Canada’s finance department said Thursday in a statement. The government estimated that small and medium-sized businesses could save C$25,000 over the period.
Shares of fintech giants Visa Inc. ( V) and MasterCard Inc. ( MA) have increased by 39% and 56% respectively over the past year, crushing the S&P 500's rise of just 15.5%. Visa crushed analysts' earnings estimates by nearly 10% when it reported fiscal fourth-quarter results at the end of July with revenue that topped forecasts by approximately 3%. MasterCard did the same, with earnings beating estimates by nearly 9%, while revenue came in-line.
NEW YORK, Aug. 08, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Cytosorbents ...
MONETT, Mo., Aug. 7, 2018 /PRNewswire/ -- Jack Henry & Associates, Inc. (JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its JHA Payment Solutions™ group today announced the successful completion of its first custom Priceless Surprises® campaign with Mastercard®. As a strategic partner with Mastercard, JHA Card Processing Solutions™ (CPS) offered its financial institution clients the opportunity to participate in the Priceless Surprises campaign, encouraging card use and loyalty by offering cardholders the chance to win rewards ranging from $500 statement credits to once-in-a-lifetime trips.
Mastercard Incorporated today announced that Linda Kirkpatrick, executive vice president, Merchants & Acceptance, will present at the Cantor Innovation Summit in New York City on Monday, August 6.
MARKET PULSE Discover Financial Services (dfs) said Chief Executive David Nelms will step down, after 14 years in the role, as he plans to retire in early 2019. The stock was still inactive in premarket trade.
In the third quarter, Visa (V) witnessed a rise in payment volumes from the United States on a sequential basis from 10.1% to 10.5%.
Analysts’ rating on Mastercard (MA) improved in July compared to June. In July 2018, Mastercard was covered by 40 analysts. 18 of these analysts have given the stock a “strong buy,” 19 recommended a “buy,” and three analysts rated the stock a “hold.”
Visa (V) has been making efforts to increase the use of contactless payments in the United States after experiencing a positive response from Australia as well as the United Kingdom. The company’s management expects that initially, it will take time to expand the use of contactless payments, but later on, growth will increase rapidly. Visa’s management is confident that the initial growth in contactless payments in the United States could be slow, but later on, this growth could witness strong momentum.
Mastercard (MA) has a price-to-earnings ratio of 28.04x on an NTM (next-12-month) basis compared to the peer average of 15.95x. Mastercard’s management had positive views on the US economy, as consumer confidence and strong jobs growth supported economic growth in the second quarter.
Visa (V) posted total payment volumes amounting to $2.1 trillion in its fiscal third quarter thanks to its strong momentum in credit transactions and growth across regions. Of its total payment volumes in the quarter, $428 billion came from the European region, implying a YoY (year-over-year) rise of 8.7% on a constant-dollar basis. Europe, being a cash-driven economy, offers significant opportunities for giant payment processors (IYF) such as Visa and Mastercard (MA).
Hackers are poised to steal millions in minutes according to an FBI warning to banks. Yahoo Finance's Seana Smith, Melody Hahm, Rick Newman, Dion Rabouin and Paul Schatz, President Heritage Capitol discuss.