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MasterCard Incorporated (MA)

  • May 1, 2014, 7:39 AM
    • MasterCard (MA) reports gross dollar volume was 14% higher in Q1 to $1.0T.
    • Processed transactions were up 14% Y/Y to 9.8B.
    • Total operating expenses rose 12% to $892M as spending on key tech initiatives kicked in.
    • MA -1.1% premarket despite topping estimates.
    | May 1, 2014, 7:39 AM | 4 Comments
  • May 1, 2014, 7:31 AM
    • MasterCard (MA): Q1 EPS of $0.73 beats by $0.01.
    • Revenue of $2.17B (+13.6% Y/Y) beats by $30M.
    • Press Release
    | May 1, 2014, 7:31 AM | 1 Comment
  • Apr. 30, 2014, 2:20 PM
    • MasterCard (MA +1.2%) could have a competitive advantage over rival Visa (V) as retailers look toward how to handle the adoption of EMV technology.
    • The company's emphasis on using PINs over signatures could make it more attractive, according to Guggenheim Securities.
    • Cases in point: Target awarded its REDCard portfolio to MasterCard over Visa and Wal-Mart picked it to handle its store-branded cards.
    | Apr. 30, 2014, 2:20 PM | 4 Comments
  • Apr. 25, 2014, 3:19 PM
    • Visa (V -4.3%) sinks after beating Q1 earnings forecasts but warning that revenue would slow in Q2 due to sanctions imposed on Russia and a stronger dollar.
    • But analysts largely remain upbeat for the longer term: Pacific Crest says Q1 results were hurt by "a series of idiosyncratic events," and growth should accelerate in H2 2014, while Stifel says underlying trends are strong and shares should outperform beginning in FY 2015.
    • Jefferies calls the results a "modest bump in the road," encouraged by recovery in most April metrics and higher operating margin guidance, but notes that the uncertainty around Russia could weigh on MasterCard’s (MA -4.7%) results when it releases earnings on May 1.
    • As the largest component of the Dow, Visa's stock price movement is having an outsized effect; DJIA -141.
    | Apr. 25, 2014, 3:19 PM | 4 Comments
  • Apr. 21, 2014, 10:28 AM
    • Citi analysts post their list of 50 top Buy-rated stocks with a market cap of at least $3B, at least a top-three market share in a third of their businesses, and a global reach as measured by significant revenue outside of their home market; Business Insider highlights 20 according to estimated total return.
    • Gilead Sciences (GILD) tops the list with a 45.4% ETR, and Citi believes GILD will generate a significant amount of cash and will buy back stock, engage in product and company acquisitions to grow its pipeline, and potentially start providing a dividend in 2-3 years.
    • Rounding out the top 20: FB, BX, V, CERN, FLT, BA, MA, LVS, SBUX, MJN, GOOG, EBAY, BIIB, AXP, HOG, VFC, PII, VMC, FTI.
    | Apr. 21, 2014, 10:28 AM | 15 Comments
  • Apr. 17, 2014, 1:21 PM
    • MasterCard (MA +0.4%) nominates Julius Genachowski and Merit Janow to its board.
    • The election of the pair would increase the board's size to 13 members.
    • Genachowski is seasoned technology and media exec, while Janow comes from the world of academia.
    | Apr. 17, 2014, 1:21 PM | Comment!
  • Apr. 16, 2014, 12:19 PM
    • Reps from the National Retail Federation testified in front of a Congressional panel today on the issue of customer data security.
    • The organization supports moving away from fraud-prone credit cards to PIN cards that include a microchip.
    • Despite some overheard costs to make the broad transition, the NRF thinks the retail industry will benefit as costs tied to fraud are reduced. Just ask Target (TGT +0.5%).
    • Payment giants MasterCard (MA +2.1%) and Visa (V +2%) support the adoption of chip-and-PIN cards, while the banking industry has been less supportive.
    | Apr. 16, 2014, 12:19 PM | 10 Comments
  • Apr. 15, 2014, 12:37 PM
    • MasterCard (MA -0.5%) and Visa (V -0.6%) are both lifted to a Buy rating by Janney Montgomery Scott.
    • Both payments companies have a lower litigation risk due to a recent appeals court hearing that leaned in their favor and the move to Brooklyn from Arkansas of Wal-Mart's appeal to the anti-trust settlement sets up well for the pair, reasons the investment firm.
    • MasterCard's deal for the co-branded Sam's Club credit card portfolio and Visa's new fixed acquirer network fee setup could also provide a boost.
    | Apr. 15, 2014, 12:37 PM | 7 Comments
  • Mar. 28, 2014, 9:10 AM
    • Shares of Visa (V) are only showing a mild reaction to a $5B lawsuit filed against it by Wal-Mart.
    • Retail analysts say plenty of risk tied to card swipe fees is already baked into the trading price of the global payment giants.
    • Visa is -0.7% premarket, while peer MasterCard (MA) is poking out a +0.1% gain.
    | Mar. 28, 2014, 9:10 AM | 1 Comment
  • Mar. 21, 2014, 10:53 AM
    • An appeals court upholds a Federal Reserve-imposed $0.21 cap on debit card swipe fees, reports Bloomberg. Visa (V +2.2%) and Mastercard (MA +0.1%) were in favor of the high rate, but retailers wanted it lower.
    | Mar. 21, 2014, 10:53 AM | 4 Comments
  • Mar. 21, 2014, 5:03 AM
    • Russia's Micex stock has tumbled 2% after the U.S. yesterday threatened sanctions against vital parts of the country's economy - including financial services, oil and gas, metals and mining, and defense - if the military encroached into eastern and southern Ukraine.
    • With Russia on the verge of annexing Crimea, the U.S. also imposed asset freezes and visa bans against senior Russian officials and businessmen close to President Vladimir Putin.
    • The White House sanctioned Bank Rossiya as well, a move that seems to have prompted Visa (V) and MasterCard (MA) to suspend services for payment transactions for the bank.
    • Russia's Deputy Finance Minister Alexei Moiseev has tried to brush it all off, saying that he doesn't see any immediate effect of the sanctions on the nation's financial sector or its creditworthiness. That's despite S&P and Fitch cutting Russia's outlook to negative from stable.
    • Still, the ruble is relatively steady, with the USD-RUB +0.2% at 36.421 rubles.
    | Mar. 21, 2014, 5:03 AM | 15 Comments
  • Mar. 7, 2014, 1:04 PM
    • MasterCard (MA +0.3%) and Visa (V +0.5%) will form a new group with a focus on pushing forward the adoption of EMV chip technology in the U.S.
    • The entity will work across financial and retail sectors to advocate for the use of the technology in the payments industry.
    • Banks and retailers have been slow to warm up to the EMV initiative due to front-end costs, but the high-profile data hack at Target has teed up the issue in Washington DC.
    | Mar. 7, 2014, 1:04 PM | 2 Comments
  • Mar. 7, 2014, 10:20 AM
    • MasterCard (MA +0.6%) and Visa (V +0.4%) have formed a new payment system group, according to a Bloomberg headline.
    • The companies haven't made any formal announcement yet.
    • Shares of the credit card giants are mildly higher with the scope of the initiative not yet known.
    | Mar. 7, 2014, 10:20 AM | 15 Comments
  • Feb. 19, 2014, 11:18 AM
    • MasterCard (MA +0.3%) and Visa (V +0.2%) are both out with new mobile payment technologies which will allow retailers to integrate payment solutions into their apps in a more secure fashion.
    • The development is likely to take a while to roll out as security features are vetted, but could lead to stronger growth for near-field communications as a form of payment in retail settings.
    | Feb. 19, 2014, 11:18 AM | 5 Comments
  • Feb. 5, 2014, 10:13 AM
    • MasterCard (MA -0.5%) names Tim Murphy as its new General Counsel and Chief Franchise Officer to replace the retiring Noah Hanft.
    • The exec will assume the role on April 1.
    | Feb. 5, 2014, 10:13 AM | Comment!
  • Feb. 4, 2014, 1:59 PM
    | Feb. 4, 2014, 1:59 PM | Comment!
Company Description
MasterCard Inc is a technology company in the payments industry that connects consumers, financial institutions, merchants, governments and businesses, enabling them to use electronic forms of payment instead of cash and checks.
Sector: Services
Country: United States