Seeking Alpha
 

MasterCard Incorporated (MA)

- NYSE
  • Today, 8:21 AM
    • MasterCard (NYSE:MA) reports net income rose 21% in Q4, adjusted for currency swings.
    • Acquisitions had a $0.03 dilutive impact on EPS during the quarter.
    • Gross dollar volume +13% to $1.2T.
    • Cross-border volume +19%.
    • Processed transactions +11% to 11.6B.
    • A standout from the quarter was the effective tax rate paid by the company of 20.3% vs. 32.0% a year ago.
    • MA +3.83% premarket.
    | Comment!
  • Today, 8:03 AM
    • MasterCard (NYSE:MA): Q4 EPS of $0.69 beats by $0.02.
    • Revenue of $2.42B (+13.6% Y/Y) beats by $30M.
    • Shares +3.2% PM.
    • Press Release
    | Comment!
  • Yesterday, 5:30 PM
  • Fri, Jan. 23, 1:01 PM
    • MasterCard (MA +0.1%) says it will end the block on transactions from Cuba for cards issued in the U.S.
    • The new policy will go into effect on March 1.
    | Comment!
  • Tue, Jan. 20, 10:56 AM
    • The Supreme Court passes on hearing a case over the level of swipe fees charged by banks to retailers.
    • The cap on swipe fees will stand at $0.21-$0.24 following the high court decision.
    • Intense lobbying from the financial services industry prompted the Fed to move off its original recommendation for a $0.12 cap.
    • The National Retail Federation and other consumer groups have vowed to keep the fight going.
    • Related stocks: V, MA, WMT, TGT, BBY, CVS, WBA, COST, HD, LOW, GPS, M.
    | 10 Comments
  • Dec. 27, 2014, 10:20 AM
    • Visa (NYSE:V) and MasterCard (NYSE:MA) halt payment services to Crimea in response to escalated sanctions from the U.S. government.
    • Earlier this year, the firms stopped processing payments for key Russian banks.
    | 9 Comments
  • Dec. 2, 2014, 3:04 PM
    • Alongside the 45% boost in its dividend, MasterCard (MA +0.1%) approves a $3.75B share repurchase program to replace the current $3.5B plan when it is completed. The current plan has about $275M left.
    • Source: Press Release
    • Previously: Mastercard declares $0.16 dividend
    | 2 Comments
  • Dec. 2, 2014, 12:49 PM
    • MasterCard (NYSE:MA) declares $0.16/share quarterly dividend, 45.5% increase from prior dividend of $0.11.
    • Forward yield 0.74%
    • Payable Feb. 9; for shareholders of record Jan 9; ex-div Jan 7.
    | 13 Comments
  • Nov. 27, 2014, 1:27 PM
    • Monitise (OTCPK:MONIF) gets a £49.2M investment from strategic partners Telefonica (NYSE:TEF), Santander (NYSE:SAN) and Mastercard (NYSE:MA).
    • They will buy 161M ordinary shares at 30.5p/share (Nov. 26's close), representing 8.2% of the existing issued ordinary share capital.
    • Monitise also says it's in discussions to expand its commercial relationships with above partners "to support the development and accelerated rollout of its global platform capabilities."
    • IBM has agreed to deploy Watson in support of Monitise’s new technology platform.
    • Monitise also reiterates current year and longer-term guidance.
    • Short interest is ~11% of float.
    • Monitise was best performer on FTSE AIM 100 index today.
    • Source: press release
    | 6 Comments
  • Oct. 31, 2014, 8:35 AM
    • American Express (NYSE:AXP) looks set to escape the full force of the new measures, reports Bloomberg, as it would only have to comply with the fee caps when it works with other companies to issue cards.
    • The proposal being circulated would cap interchange fees on cross-border debit-card payments at 0.2% and credit-cards at 0.3%. For domestic debit-card payments, the plan gives nations the options of calculating the 0.2% cap against the value of individual transactions, or against the "annual average transaction value."
    • According to the proposal, AmEx and other three-party systems would be affected only when they have licensing agreements with other providers - a model accounting for about 9% of the firm's business, according to EU data.
    | 2 Comments
  • Oct. 30, 2014, 8:38 AM
    • MasterCard (NYSE:MA) reports gross dollar volume processed in Q3 rose 12% to $1.2T.
    • Cross-border volume +15%.
    • Processed transactions +10% to 11B.
    • Operating expenses +12% to $1.08B as M&A and strategic partnership investments factored in.
    • MA +2.0% to $77.50 premarket.
    | Comment!
  • Oct. 30, 2014, 8:02 AM
    • MasterCard (NYSE:MA): Q3 EPS of $0.89 beats by $0.11.
    • Revenue of $2.5B (+12.6% Y/Y) beats by $50M.
    • Shares +3.3% PM.
    • Press Release
    | Comment!
  • Oct. 30, 2014, 3:30 AM
    • Visa (NYSE:V) and MasterCard (NYSE:MA) welcomed Beijing's new plan to open up its market for clearing domestic bank card transactions, following the approval from China's State Council.
    • The move marks the the latest step taken by China this year to open up its financial markets. In August, the Chinese cabinet said it was freeing up the domestic courier market, allowing companies such as FedEx and UPS to establish independent courier operations.
    | 7 Comments
  • Oct. 29, 2014, 5:50 PM
    • Visa (NYSE:V) is guiding for low-double digit FY15 (ends Sep. '15) constant dollar revenue growth, with forex having a 200 bps negative impact; consensus (based on real dollars) is for 10.2% growth. Free cash flow is expected to be above $6B.
    • Op. margin is forecast to be in the mid-60s range; its was at 64% in FY14, and 61% in FY13. Client incentives are expected to equal 17.5%-18.5% of gross revenue, up from FY14 16.9%.
    • FQ4 payments volume +11% Y/Y to $1.2T; cross-border volume +10%; processed transactions +9% to 16.9B.
    • Service revenue +8% to $1.5B; data processing +14% to $1.3B; international +4% to $938M; everything else +16% to $212M.
    • MasterCard (NYSE:MA) is getting a lift from Visa's numbers.
    • FQ4 results, buyback, PR
    | 4 Comments
  • Oct. 27, 2014, 4:59 AM
    • Rite Aid (NYSE:RAD) and CVS (NYSE:CVS) have disabled Apple's (NASDAQ:AAPL) mobile wallet system, Apple Pay, from working in their outlets across the U.S.
    • The reason wasn't immediately clear, the NYT reports, although it might have something to do with the drug retailers being part of MCX, a consortium of merchants that is developing an unfinished rival product called CurrentC.
    • A major question is whether other MCX retailers, which include Best Buy (NYSE:BBY), Gap (NYSE:GPS) and Walmart (NYSE:WMT), will also cut Apple, and/or whether consumers would revolt at such a move.
    • Apple has been working with MasterCard (NYSE:MA) on its system.
    | 81 Comments
  • Oct. 14, 2014, 3:31 PM
    • Global growth, foreign-exchange, oil, and small caps are the subject of every client inquiry, says David Kostin. His team's recommendation: Buy "American exceptionalism."
    • In Kostin's view, U.S. economy and corporate fundamentals are still strong, with economic growth expected by Goldman economists to be 3.2% next year, the fastest expansion since 2005. Europe is expected to grow just 1%.
    • What his team likes are those stocks of companies which have a high proportion of domestic sales, plus sectors like Consumer Staples (XLP -0.1%) and Discretionary (XLY +0.7%) which stand to benefit from lower oil prices (plunging again today).
    • As for small caps (IWM +0.9%), Kostin is wary, noting downward earnings revisions have boosted small cap P/E ratios even as prices have declined.
    • The list of S&P 500 names capturing two or more of Kostin's themes: GT, GM, PCLN, AMZN, CMCSA, LOW, DG, TSN, ADM, CVS, AVP, WAG, PXD, HAL, JPM, BAC, SCHW, PNC, MS, C, GNW, LNC, MET, THC, AET, UNH, ESRX, HUM, WLP, BIIB, GILD, DAL, CMI, FLR, CRM, JBL, MA, FB, MU, FSLR, VMC, MON, T.
    | 26 Comments
MA vs. ETF Alternatives
Company Description
MasterCard Inc is a global payment solutions company that provides various services in support of the credit, debit & related payment programs to financial institutions and other entities that are its customers.
Sector: Services
Country: United States