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MasterCard Incorporated

5/20/2013, 3:43 PM ET

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Saturday, May 4, 3:52 PM Barron's is out with its list of the 500 financially strongest companies as ranked after a rigorous cash and sales analysis. A quick filter on the list shows a good chunk of the names trade with a single-digit price to earnings ratio including Goodyear Tire & Rubber (GT). Despite all the buzz about booming auto sales in the U.S. and China, concerns about growth for Goodyear's products in other regions of the globe have lowered expectations. But with auto sale estimates for full-year being taken higher, Goodyear could see enough consistent revenue growth to justify a higher trading multiple. (Top 25: AAPL, WCC, WDC, DVA, CHRW, QCOM, JOY, V, STX, MRC, MA, CVI, COF, SYMC, MCK, WCG, ETN, BRCM, TMO, CI, CBI, NOV, WNR, HFC, DK) 39 Comments [Consumer, Quick Ideas]
Wednesday, May 1, 8:23 AM More on MasterCard's (MA) Q1: The company saw double-digit increases in transactions processed and gross dollar volume but slipped a little with more rebates and incentives during the period. Total operating expenses increased 6% Y/Y to $799M on higher personnel expenses but margins improved. MA -1.7% premarket. (PR) Comment! [Consumer, Earnings]
Wednesday, May 1, 8:04 AM MasterCard (MA): Q1 EPS of $6.23 beats by $0.06. Revenue of $1.9B misses by $0.03B. (PR) Comment! [Earnings, Breaking News]
Wednesday, May 1, 12:05 AM Notable earnings before Wednesday’ s open: AB, ADT, AFAM, AFSI, AGN, AH, AMT, ARW, AVA, CCJ, CHK, CLH, CLX, CMCSA, CVH, CVS, DLPH, DVN, ENR, EXAS, EXC,GRMN, GWR, H, HSP, HUM, ICE, IPGP, IQNT, IRM, JRCC, KCG, KFN, MA, MKL, MRK, NVO, PDCE, PKD, POR, PSX, RDC, RDN, SEE, SPW, TLM, TWX, VG, VIAB, VPHM Comment! [Earnings]
Tuesday, April 30, 5:30 PM Notable earnings before Wednesday’ s open: AB, ADT, AFAM, AFSI, AGN, AH, AMT, ARW, AVA, CCJ, CHK, CLH, CLX, CMCSA, CVH, CVS, DLPH, DVN, ENR, EXAS, EXC,GRMN, GWR, H, HSP, HUM, ICE, IPGP, IQNT, IRM, JRCC, KCG, KFN, MA, MKL, MRK, NVO, PDCE, PKD, POR, PSX, RDC, RDN, SEE, SPW, TLM, TWX, VG, VIAB, VPHM Comment! [Earnings]
Friday, April 12, 7:14 AM Sterne Agee downgrades several payments companies and removes their price targets with competition in the sector increasing. Fiserv (FISV), MasterCard (MA), Visa (V), and Euronet Worldwide (EEFT) are all taken down to a Neutral rating from their previous perch of Buy. 1 Comment [Consumer, Financials]
Tuesday, April 9, 7:58 AM MasterCard (MA) says it will cooperate with the European Commission as it probes the company over inter-bank fees and contends it "always" looks for fair sharing of card costs. Comment! [Consumer]
Tuesday, April 9, 6:15 AM The European Commission is investigating for MasterCard (MA) over whether its inter-bank fees for non-European cardholders violate the EU's antitrust regulations. The EC is also looking at MasterCard rules that hurt the ability of merchants to benefit from better terms offered by other banks and force them to accept all types of MasterCard cards. (PR) Comment! [Consumer]
Monday, March 18, 5:16 PM A Nomura note predicting higher card fees for PayPal (previous) helped eBay (EBAY -0.6%) make fresh 2013 lows. "Payment networks are taking the gloves off," writes Nomura. With PayPal's rapid growth and offline expansion efforts making it a bigger rival to Visa (V) and MasterCard (MA), "the incumbents will do everything in their power to prevent PayPal from riding on their rails without extracting a toll." Evercore thinks a new MasterCard fee for online payments services could be aimed at getting service providers to share more transaction info. 4 Comments [Tech, Consumer, Financials]
Monday, March 18, 6:48 AM MasterCard (MA) continues to see the number of transactions it processes in Europe soar as more consumers on the continent turn to credit and debit cards. Last year, the company's gross dollar volume improved by 9.3% and execs forecast this year will see a 11% to 14% rise. Comment! [Consumer]
Wednesday, March 13, 10:31 AM MasterCard (MA +0.5%) signs a deal with the Agricultural Bank of China to provide financial services to outbound Chinese tourists. Last year, 80M Chinese tourists went abroad, up 15% from the previous year. 1 Comment [Consumer]
Wednesday, March 6, 8:33 AM Argus cuts its rating on MasterCard (MA) to Hold from Buy on a valuation call. Shares trade just 1.5% off their 52-week highs with earnings multiples stretched above historic norms. Comment! [Consumer]
Friday, March 1, 3:52 PM JPMorgan's partnership with Visa (V) is viewed as a slight negative for MasterCard (MA), says Sterne, Agee, which sees MasterCard maybe responding by tightening a relationship with one if its big issuers such as Citigroup (C). For Visa, Sterne says it's a smart move locking down a large customer for 10 years, and preventing Chase from working with a competing network. 1 Comment [Financials]
Monday, February 25, 1:48 PM Samsung's Galaxy S IV will support NFC payments for Visa (V) credit and debit accounts, courtesy of Visa's PayWave app. The tie-up is part of a broader partnership the companies estimate will cover 100M NFC-enabled Samsung devices over the next 12 months. Separately, MasterCard (MA) is unveiling MasterPass, a multi-card mobile payments platform that supports both NFC and other contactless technologies. NFC chip leader NXP (NXPI +1%) might be receiving a slight boost from the news. 2 Comments [Tech, Financials]
Monday, February 25, 11:30 AM MasterCard (MA -0.5%) reveals more details of its new mobile payments initiative, saying a virtual wallet will allow customers to scan items as they meander through stores and show a proof of payment via their phone as the exit. Though a retail system without checkout lines still seems like it's a ways off, the company's virtual wallet presents an attractive online payment solution right off the bat. Comment! [Consumer]
Tuesday, February 5, 8:28 AM MasterCard (MA) approves a new $2B share repurchase program. The new buyback will become effective at the completion of its current $1.5B program which still has $440M outstanding. In addition, the company doubled its quarterly dividend payout to $0.60 a share. MA +1.4% premarket. Comment! [Consumer]

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