|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||206.18 - 207.35|
|52 Week Range||126.55 - 209.19|
|PE Ratio (TTM)||50.98|
|Earnings Date||Jul 26, 2018|
|Forward Dividend & Yield||1.00 (0.50%)|
|1y Target Est||217.03|
CNBC's Adam Reed reports from the Open Championship in Carnoustie, Scotland, with comment from Michael Robichaud, SVP of global sponsorships for MasterCard.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves after bitcoin rallies 24% in the month of July and as two hearings on cryptocurrencies take place in the House of Representatives today.
Tom Lee, Fundstrat, on bitcoin's key level, as the cryptocurrency has its best day in 3 months. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Guy Adami.
Capital One Financial Corporation’s (COF) PE (price-to-earnings) ratio is 8.77x on an NTM (next-12-months) basis compared to its competitors’ average PE ratio of 20.79x. The company’s peers have the following price-to-earnings ratios on an NTM basis: Mastercard Incorporated (MA): 28.06x Visa Inc. (V): 25.71x Discover Financial Services (DFS): 8.60x
Morgan Stanley has become the latest Wall Street brokerage to turn bullish on the financial technology sector. Morgan Stanley predicted that payment companies could grow earnings organically by an average of 15% through to 2020, up from the 11% growth registered by the sector over the past three years. Faucette believes that the overlooked fintech sector will also be lifted by “enhanced M&A potential” and an eventual rotation into stocks better equipped to compete in an uncertain economic environment.
Payment processors and credit card companies (IYF) tend to benefit when global macros are witnessing positive trends. The equity markets were volatile in the first quarter, primarily due to interest rate expectations and President Trump’s imposition of tariffs on the United States’ major trading partners. Trade tensions tend to negatively impact payment processors such as Mastercard Incorporated (MA), Visa Inc. (V), and Discover Financial Services (DFS).
A somewhat quiet turnaround for American Express (NYSE:AXP) has done wonders for American Express stock. American Express was up just 3.7% YTD before falling in after-hours trading after missing Street consensus for revenue in its Q2 results. To be sure, Q2 numbers look reasonably strong, and American Express stock remains rather cheap.
Investors panicked over rising rates. Consensus was that bank stocks cant rally! However for the last few days, some of them have caught a nice bid. The upside of falling bank stocks is that it created a strong value in almost all major financial institutions.
American Express gives, you get. On June 27, 2018, American Express benefited greatly from a Supreme Court ruling which stated that vendors can't nudge customers towards using one type of debit or credit card over another. American Express typically charges higher fees, making it in merchants' best interest to urge customers to use other cards.
Cryptocurrencies have long been at a disadvantage to traditional fiat currencies when it comes to payment processing times. Indeed, some analysts believe that it is the discrepancy in payment processing which has so far prevented digital currencies from truly breaking into the mainstream. Now, Mastercard ( MA) has won a patent in the U.S. for a new method of speeding up digital currency payments.
Mastercard wins a patent for cryptocurrency and it could one day allow consumers to charge their purchases on their credit cards using bitcoin as a currency.
Now that second-quarter earnings season is in swing, we've already heard from a number of big banks, although with mixed reactions. On the payments side of financials, Oppenheimer's Glenn Greene takes a look at Mastercard (MA) and Visa (V) ahead of their reports, writing that he expects their robust run to continue. Greene reiterated an Outperform rating on both stocks Tuesday, and raised his price target on Mastercard to $215 from $197, and for Visa to $154 from $143.
Wirecard, the global innovation leader for digital financial technology, and Mastercard, the international technology company for payment transactions, have today announced that they are to expand their existing strategic cooperation with the aim of making digital, contactless payments via wearables accessible to ever more consumers. As a result, boon from Wirecard will be available in Germany via Garmin Pay as of today.
Girls4Tech™ comes to Washington Nationals Youth Academy and DREAM Charter School in New York with curriculum that has reached 50,000+ girls
Visa’s (NYSE:V) stock chart is almost boring to look at. Shares have been steadily climbing for several years now; there are little to no significant downtrends evident in the chart’s five-year view. And in 2018 thus far, V stock has gained over 22% — more than four times better than the broader market.
Partnership will seek to help expand digital payments acceptance and establish a new payment standard with 'Pay by Bank' app, as well as focus on making digital payments even more convenient and secure ...
Bitcoin payment startup Abra has announced the addition of Visa and Mastercard payment options for buying bitcoin on its platform. The new payment option is in partnership with fintech company Simplex, per the company’s blog post.Up until today, users who wanted to purchase cryptocurrencies were limited to a few options that included bank deposits and wire transfers. In addition to these, the company also offers a means of buying altcoins using either bitcoin or litecoin for countries where bank wires and deposit options are unavailable.The addition of Visa and Mastercard debit/credit card options makes it cheaper and faster to purchase cryptocurrencies on the platform. The new payment options are accessible via the website and the app.Speaking with Bitcoin Magazine , Abra CEO Bill Barhydt stated, “Today we have users from over 70 countries, but the majority of these users who are outside the U.S. could only fund their Abra wallet using bitcoin. With this launch, we can now offer a simple way for customers globally to use Abra to buy their first bitcoin using any Visa or Mastercard and then start investing in any of the other 24 cryptocurrencies we support today.”The new payment options come with increased buy limits, faster processing times and more accessibility. Users who purchase bitcoin with their Visa or Mastercard will now be allowed to buy up to $20,000 worth of bitcoin at a time — which is a step above the $2,000 limit placed on bank deposits.Users will also be able to store purchased bitcoin into any supported wallet. The company says processing time would be shorter, as new bitcoins should be available in digital wallets 30 minutes after purchase.Abra is one of the few cryptocurrency platforms that hasn't embraced KYC/AML regulations in their entirety. In an email sent to its customers last month, the company said users were not mandated to provide “any form of identification" to use its platform. Barhydt has said that Abra is able to avoid "all these complexities" because it doesn’t hold customers’ funds. The company, however, requires American customers to submit their ID to increase funding limits via bank transfer options. This article originally appeared on Bitcoin Magazine.