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MasterCard Incorporated (MA)

  • Jul. 31, 2014, 8:03 AM
    • MasterCard (NYSE:MA): Q2 EPS of $0.80 beats by $0.03.
    • Revenue of $2.37B (+12.9% Y/Y) beats by $60M.
    • Press Release
    | Comment!
  • Jul. 17, 2014, 4:13 AM
    • Visa (NYSE:V) and MasterCard (NYSE:MA) state that the new U.S. sanctions on Russia will not affect their payment operations in the country.
    • The new restrictions are only specific to certain banks including Gazprombank and VEB.
  • Jun. 19, 2014, 1:48 AM
    • Russia says it will now lower the deposit requirements for Visa (V), MasterCard (MA), and other foreign card companies, after increasing their security deposits to 25% of their average daily turnover in May.
    • The increase last month came after Russia faced sanctions over Ukraine, which required payment operators to pay a large security deposit to the central bank.
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  • Jun. 4, 2014, 8:24 AM
    • Sam's Club (WMT) plans to introduce a new credit card which will feature an embedded chip for security instead of a magnetic strip.
    • The chip technology, known as EMV, is considered a more secure form of payment processing and is used broadly in Europe and Asia.
    • Sam's will be the first large retail store chain in the U.S. to make the EMV move.
    • The credit card will be co-branded between Sam's and MasterCard (MA).
  • May 23, 2014, 7:18 AM
    • Visa (V) and Mastercard (MA) plan to remain in Russia despite a new law that increases their security deposits to 25% of their average daily turnover.
    • The deposits will be paid to the Central Bank of Russia every quarter starting on July 1.
    • The requirement looks like it could be retaliation for the West continuing to cautiously add to its sanctions against Russia.
  • May 20, 2014, 1:40 PM
    • Visa (V -1.4%) and MasterCard (MA -0.1%) only have six weeks to decide if a full exit from Russia is in their best interest despite the loss of revenue.
    • The companies have to make the decision in the face of the creation of a payments network in the nation backed by the government and regulations which would require them to deposit "hundreds of millions" of dollars in collateral at the Russian Central Bank.
    • Analysts note the real danger for the payments firms is that if Russia gets away with the collateral rule it could set a precedent in other emerging markets.
  • May 19, 2014, 9:18 AM
    • MasterCard (MA) buys ElectraCard Services Private for an undisclosed amount.
    • ElectraCard is an India-based firm that specializes in offering software and service to banks and retailers.
    • The company already had a minority position in ElectraCard.
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  • May 2, 2014, 7:00 AM
    • MasterCard (MA) CEO Ajay Banga says a plan by Vladimir Putin to create a Russian card payment system would create "serious complications" for its operations in the nation.
    • The Russian Parliament passed a law recently to make it easier for domestic payment companies to operate.
    • MasterCard earnings call transcript
  • 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, 7:31 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
    | 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. 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. 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. 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.
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  • 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. 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.
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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