Mastercard Inc (MA) shares edged higher and hovered near a 52-week high on Wednesday as investors awaited the payments firm’s earnings report on Thursday. According to FinChat data, Wall Street expects Mastercard to report fourth-quarter (Q4) earnings per share of $3.
Mastercard (MA – Research Report), the Financial sector company, was revisited by a Wall Street analyst today. Analyst Bryan Bergin from TD
The card network touted value-added services such as technology and security as its fourth-quarter performance came in ahead of Wall Street analysts' expectations.
Shares of Mastercard were rising after the credit-card company easily beat Wall Street’s quarterly estimates for earnings and revenue. Mastercard stock gained 4.9% to $575.90 in Thursday trading, on track for its largest daily percentage increase since November 2022,
Mastercard reported a fourth-quarter profit that beat Wall Street estimates as a resilient economy encouraged consumers to ramp up spending during the holiday season, sending the payments processor's shares up 3.
Mastercard reported a higher fourth-quarter profit on Thursday as a resilient economy encouraged consumers to ramp up spending in the holiday season. The company's net income rose to $3.34 billion, or $3.
Mastercard (MA) hailed its push to diversify beyond its traditional payments network as it reported quarterly earnings that beat expectations,
The credit-card company posted better-than-expected adjusted earnings and revenue, fueled by a rise in cross-border transactions. Shares rose 4% Thursday morning. ↗️ [IBM (IBM)](
On a per-share basis, the Purchase, New York-based company said it had net income of $3.64. Earnings, adjusted for non-recurring costs, came to $3.82 per share. The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $3.68 per share.
The card brand also touted its payments partnership with the social media platform X as evidence of strength in its partnership strategy.
Visa and Mastercard report quarterly results Thursday and their commentary on the new White House administration could shift which one is preferred by investors.