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MasterCard Incorporated (MA)

  • Wed, Apr. 29, 8:57 AM
    • MasterCard (NYSE:MA) reports revenue rose 8% after adjusting the currency impact.
    • Gross dollar volume +12% to $1.1T.
    • Cross-border volume +19%.
    • Processed transactions +12% to 11B.
    • Worldwide purchase volume was up 12% to $783B.
    • Operating margin rate increased 142 bps to 60.58%.
    • A standout from the quarter was the effective tax rate paid by the company of 23.9% vs. 32.0% a year ago.
    • MA +1.15% premarket.
    • Q1 results
    | 1 Comment
  • Wed, Apr. 29, 8:02 AM
    • MasterCard (NYSE:MA): Q1 EPS of $0.89 beats by $0.09.
    • Revenue of $2.23B (+2.8% Y/Y) misses by $50M.
    • Shares +1.96% PM.
    • Press Release
  • Wed, Apr. 22, 11:35 AM
    • Morgan Stanley is out with a new note covering the impact of China opening up competition for bank card clearing services in the nation.
    • The investment firm thinks Visa (V +5.9%) and MasterCard (MA +4.6%) could begin operations in China in late 2016 or early 2017.
    • The development could add $336M to $360M in revenue for Visa and $224M to $240M for MasterCard by 2021.
    • Shares of both payments stocks have ripped gains on strong volume.
    • Previously: Door opens for MasterCard and Visa in China
  • Wed, Apr. 22, 10:33 AM
    • MasterCard (MA +3.4%) and Visa (V +4%) shoot higher after China opens up bank card processing to foreign firms.
    • The companies will have the ability to enter the market on June 1 through local partnerships/units or acquisitions.
    • The development was tipped last fall, but the Chinese government just issued the official rules today.
  • Fri, Apr. 17, 11:02 AM
    • "If any doubt remained, it is very clear that dollar strength is a major problem right now for large multinationals," says Topeka, after going over American Express' (AXP -4.5%) Q1 results, and noting the corporate card business slowdown wasn't isolated to any particular industry.
    • AmEx, notes the team, has 31% of its volume outside of the U.S. and is highly dependent on cross-border and business-related travel. 'This reads negatively for Mastercard (MA -1.4%), and, less so, Visa (V -1.4%)."
    • AmEx earnings call transcript and presentation slides.
    • Previously: AmEx beats on bottom line, but outlook still dour (April 16)
  • Thu, Feb. 19, 12:07 PM
    • "The court's ruling will not provide any benefit to consumers and will, in fact, harm competition by further entrenching the two dominant networks," says American Express (AXP -2.2%), responding to its loss in an antitrust lawsuit, and vowing to appeal.
    • Filed in 2010 and heard by a federal judge last year, the case is about AmEx's prohibiting merchants who accept its cards from steering customers towards those cards processed by rivals Visa (V +0.3%) and MasterCard (MA +1.7%), or debit cards.
    • “The most damaging thing that can happen to the American Express brand is when our card members are discriminated against at the point of sale,” said company CEO Ken Chenault when he testified at last year's trial.
    • It's another 2015 blow for AmEx which last week announced an end to its long-time exclusive partnership with Costco in the U.S. The stock's now lower by about 16% YTD.
    • Previously: AmEx lower by 1.9% after losing antitrust suit (Feb. 19)
  • Fri, Jan. 30, 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!
  • Fri, Jan. 30, 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!
  • 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
  • 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. 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
  • Oct. 2, 2014, 9:21 AM
    • Sandler O'Neill downgrades both Visa (NYSE:V) and MasterCard (NYSE:MA) on a soured view of the growth prospects of the payments companies in relation to valuation.
    • Visa is taken Hold from Buy, while MasterCard goes to Sell from Hold.
    • MA -1.0% premarket and Visa -0.6%.
  • Sep. 2, 2014, 3:48 PM
    • Home Depot (HD -2.4%) confirms it's looking into "unusual activity" as it works with law enforcement officials in relation to a possible loss of customer credit card and debit card information.
    • Early reports indicate the breach occurred in late April and could involve over 2K Home Depot stores.
    • Shares of Home Depot have recouped a bit from their initial slide after the breach report broke. Some retail analysts called the peeling off of $3.5B in market cap somewhat overdone.
    • What to watch: If the breach is as large as some banks are reporting, an increased push by the industry toward the adoption of smart card technology could be on the way.
    • Related EMV stocks: PAY, NCR, MA, V, OTCQX:IFNNY, NXPI,
  • Jul. 31, 2014, 9:24 AM
    • MasterCard (NYSE:MA) reports worldwide purchase volume was up 12.5% in Q2 to $821B.
    • Cross-border volume rose 16%.
    • The company saw a 15% increase in operating expenses during the period, a mark which falls to 12% if acquisition costs are backed out.
    • MA +1.4% premarket
    | Comment!
  • 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.
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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