Wed, Nov. 30, 6:58 AM
- MasterCard (NYSE:MA) announces that it introduced an artificial intelligence tool across its global network.
- Decision Intelligence, which leverages machine learnings technology, is the first use of AI being implemented on a global scale directly on the MasterCard network.
- The new system utilizes a broader view in assessing, scoring and learning from each transaction.
- Source: Press Release
Fri, Nov. 18, 8:28 AM
- Bernstein calls Mastercard (NYSE:MA) its top pick in the payments sector on an expectation for "clean" earnings in 2017.
- Visa (NYSE:V) is a called a close second, although the investment firm warns on some muddied reporting waters due to the integration of Visa Europe..
- Automatic Data Processing (NASDAQ:ADP) and Coginzant Technology Solutions Corporation (NASDAQ:CTSH) rank third and fourth in the Bernstein payments sector ranking. Paychex (NASDAQ:PAYX) is at the bottom of the list.
- Source: Bloomberg
Wed, Nov. 16, 2:36 PM
- Payment stocks have underperformed since the election as investors have rotated into "core financials," observes Jefferies analyst Jason Kupferberg. He thinks the development could present a buying opportunity for investors,
- "If Trump's general plans for de-regulating the financial services industry ends up including a repeal of the Durbin Amendment and a less-powerful CFPB, this should generally be a tailwind for the Payments industry, though impacts to PYPL/SQ/merchant acquirers may be less clear," notes Kupferberg.
- "In addition, to the extent policies of the Trump Administration fuel domestic economic growth (ie, possible tax cuts), that should be positive for US consumer payment volumes, though exposure to emerging markets and a stronger USD could be viewed as incremental headwinds," he adds.
- PayPal (PYPL) trades at $38.97 vs. a 52-week range of $30.52 to $44.52 (there's been some M&A rumors in the mix this week muddying the waters).
- Visa (V +2%) is at $79.96 vs. a 52-week trading range of $66.12 to $83.96.
- MasterCard (MA +1%) is at $103.45 vs. a 52-week trading range of $78.52 to $108.93.
Sat, Nov. 12, 4:43 PM
- Barron's speaks with several prominent money managers.
- They are hopeful that Donald Trump will enact pro-growth tax and fiscal-stimulus policies, while avoiding overly protectionist measures.
- Even though biotech stocks have already rallied 10%, fund manager Arun Daniel believes that the benefits of a Trump administration on the bottom lines of biotech and drug companies are not yet fully priced in. ETFs: IBB, XBI, BIB, BBH, FBT, HQL, PBE, BIS, LABU, BBC, BBP, CNCR, LABD, UBIO, ARKG, ZBIO, LABS
- He's also bullish on stocks leveraged to government-backed infrastructure spending, his favorites being Jacobs Engineering (NYSE:JEC) and Martin Marietta Materials (NYSE:MLM).
- Some companies will likely be allowed to repatriate billions of dollars of profits at a low tax rate. Major beneficiaries could include Nike (NYSE:NKE), Procter & Gamble (NYSE:PG), Caterpillar (NYSE:CAT), Visa (NYSE:V) and Mastercard (NYSE:MA).
- Neuberger Berman's Joseph Amato says that a Trump administration will be better for stocks than bonds. "If [Trump] takes a measured approach and gets some level of concessions for U.S. workers, the trade concerns may be much ado about nothing," Amato says. "But that's a big if."
Fri, Oct. 28, 8:13 AM
- MasterCard (NYSE:MA) jumps in early trading after reporting a revenue increase of 14% in Q2.
- Volume growth by region: APMEA +8.8%, Canada +9.8%, Europe +1.7%, Latin Americ +7.5%, Worldwide ex-U.S. +5.7%, U.S. +4.8%.
- Processed transactions were up 18% to 14.5B in the quarter.
- Gross dollar volume increased 11% to 1.2T (local currency).
- Cross-border volume was 12% higher.
- MasterCard's effective tax rate was 27.5% vs. 27.7% a year ago.
- Previously: MasterCard beats by $0.10, beats on revenue (Oct. 28)
- MA +1.64% premarket to $105.30 (52-week high).
Fri, Oct. 28, 8:02 AM
Thu, Oct. 27, 5:30 PM
Mon, Oct. 24, 1:51 PM
- Android Pay (GOOG, GOOGL) functionality on hundreds of thousands of sites accepting Visa Checkout (V +1.2%) and Masterpass (MA +0.5%) to come.
- Integrations to begin rolling out in early 2017.
- Competition in the digital payments arena is sharp, with offerings from Apple, Samsung, PayPal and others all focused on simplifying the process of transacting payments. Google, with its newly-launched Pixel, and Apple, however, are in unique positions to blend their respective payments operations throughout software and hardware at a time when the spotlight on ecosystems is particularly bright.
- Related (October 4): Apple Pay now available in Russia
- Blog post
Wed, Oct. 19, 1:17 PM
- Barron's has introduced a tracking index of stocks favored by younger consumers.
- Though the combined performance on the group of 50 stocks smashed the returns of the S&P 500 over the last five years, this year it lags slightly so far.
- As expected, the price-earnings ratio of the Barron's Next 50 Index skews higher due to the focus on longer-term millennial growth.
- Some of the companies making the initial list are Amazon (NASDAQ:AMZN), Barnes & Noble Education (NYSE:BNED), Boston Beer (NYSE:SAM), Chipotle (NYSE:CMG), Etsy (NASDAQ:ETSY), GameStop (NYSE:GME), GoPro (NASDAQ:GPRO), GrubHub (NYSE:GRUB), Kate Spade (NYSE:KATE), Live Nation (NASDAQ:LIVE), Lululemon (NASDAQ:LULU), MasterCard (NYSE:MA), Match Group (NASDAQ:MTCH), Monster Beverage (NASDAQ:MNST), Shake Shack (NYSE:SHAK), Square (NYSE:SQ), and Yelp (NYSE:YELP).
- A millennial-focused ETF launched last spring, the Global X Millennial Thematic ETF (NASDAQ:MILN), has outperformed the S&P 500 Index over its brief history.
Thu, Oct. 13, 2:40 PM
- "Credit card rewards continue to spiral skywards," says Evercore ISI's David Togut, putting American Express (AXP -0.5%) in the tough spot of either matching MasterCard (MA -0.6%) and Visa (V -0.4%) and seeing returns decline, or standing its ground and losing business.
- Chase's Sapphire Reserve card and Citi's Prestige card currently offer better rewards than AmEx's Platinum card, notes Togut. If AmEx wants to match, it will have to be more aggressive in cutting costs if it doesn't want to slash earnings guidance.
- AmEx may be trading at just 11x earnings vs. its historical 14x, but Togut suggests it's a value trap. He's staying on the sidelines.
Tue, Sep. 27, 9:37 AM
Thu, Sep. 8, 10:17 AM
- MasterCard (MA +0.3%) faces the largest damages claim in U.K. history after the Competition Appeal Tribunal accused the company of charging excessive swipe fees.
- The £14B ($18.61B) legal claim is based off of the period from 1992 to 2008.
- "We continue to firmly disagree with the basis of this claim and we intend to oppose it vigorously," says MasterCard
Tue, Sep. 6, 10:13 AM
- Paypal Holdings (PYPL +0.6%) and Mastercard (MA) announces an expansion of their previous partnership that will allow MasterCard customers to use PayPal payment services when making tap and point payments at stores.
- Consumers and small businesses will also be able to instantly cash out funds held in their PayPal accounts to a Mastercard debit card.
- Source: Press Release
Wed, Aug. 3, 8:06 AM
- MasterCard (NYSE:MA) says 80% of its U.S. consumer credit cards have chips.
- The company also sees 1.7M chip-active merchant locations on its network, representing nearly 30% of the U.S. merchant population and a 374% increase in chip terminal adoption since October 1, 2015.
- MasterCard says counterfeit card fraud is down over 60% at MasterCard’s top 5 EMV-enabled merchants.
- Source: Press Release
Thu, Jul. 28, 8:20 AM
- MasterCard (NYSE:MA) jumps in early trading after reporting a revenue increase of 13% in Q2.
- Processed transactions were up 14% to 13.7B in the quarter.
- Gross dollar volume rose 11% to 1.2T (local currency).
- Cross-border volume was 10% higher.
- MasterCard's effective tax rate was 28.0% vs. 25.7% a year ago.
- Previously: MasterCard beats by $0.06, beats on revenue (July 28)
- MA +1.92% premarket to $95.55 vs. a 52-week trading range of $74.61 to $101.76.
Thu, Jul. 28, 8:02 AM