| From: JakeStraw | 5/23/2018 7:49:16 AM | | | | | | Why Mastercard (MA) Could Be an Impressive Growth Stock
zacks.com
Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. However, they can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.
One such company that might be well-positioned for future earnings growth is Mastercard Incorporated . This firm, which is in the Financial Transaction Services industry, saw EPS growth of 21.5% last year, and is looking great for this year too.
In fact, the current growth estimate for this year calls for earnings-per-share growth of 35.7%. Furthermore, the long-term growth rate is currently an impressive 19%, suggesting pretty good prospects for the long haul.
And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 4%. Thanks to this rise in earnings estimates, MA has a Zacks Rank #1 (Strong Buy) which further underscores the potential for outperformance in this company.
So, if you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider MA. Not only does it have double-digit earnings growth prospects, but its impressive Zacks Rank suggests that analysts believe better days are ahead for MA as well. |
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| From: JakeStraw | 7/12/2018 12:36:38 PM | | | | | | | Mastercard had its price target raised by analysts at Wells Fargo & Co from $211.00 to $227.00. They now have an "outperform" rating on the stock. |
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| From: JakeStraw | 7/13/2018 10:57:49 AM | | | | | | Mastercard, Diebold Team Up to Offer Smart Digital Services
zacks.com
The tie-up would combine Mastercard's efficiency in providing state-of-the-art processing services and an extensive global network capability on the back-end with Diebold Nixdorf's proficiency in omni-channel innovation and consumer transactions on the front-end.
With this partnership, Mastercard is expecting to offer a bevy of next-generation digital products to enhance global scalability for financial institutions and retailers. It will allow customers to experience a richer and wider set of highly sophisticated Mastercard services, designed with the purpose of driving smarter investment decisions. |
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| From: JakeStraw | 7/17/2018 10:05:02 AM | | | | | | Worldpay and Mastercard Enter New Digital Payments Partnership
cbronline.com
Worldpay and Mastercard have entered a strategic partnership, aimed at expanding acceptance options and making digital payments more secure. |
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| From: JakeStraw | 7/19/2018 11:21:00 AM | | | | | | | Mastercard had its price target raised by analysts at Morgan Stanley from $205.00 to $224.00. They now have an "overweight" rating on the stock. |
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| From: JakeStraw | 7/23/2018 9:57:41 AM | | | | | | Mastercard Secures a Potentially Game-Changing Cryptocurrency Patent
fool.com
On July 17, the U.S. Patent and Trademark Office awarded a patent to Mastercard (NYSE:MA) that would provide "for linkage of blockchain-based assets to fiat currency accounts."
As noted in the background section of the patent, blockchain currencies have "seen increased usage over traditional fiat currencies by consumers who value anonymity and security." However, the limitations of blockchain are also noted, with traditional payment networks having processing times measured in nanoseconds, whereas blockchain transactions can take a significant amount of time to verify. This inconsistency could persuade businesses and consumers to shy away from blockchain currencies.
The solution offered by Mastercard is a hybrid system that'll incorporate blockchain currencies, but allow them to be transacted on traditional payment channels. Why stick with traditional payment channels and not use blockchain? For starters, it's all about speed. Mastercard believes that using traditional channels would allow transactions involving cryptocurrency to be processed considerably faster than with blockchain. |
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| From: JakeStraw | 7/26/2018 8:48:37 AM | | | | | | Mastercard Incorporated Reports
Second-Quarter 2018 Financial Results
• Record second-quarter net income of $1.6 billion, or $1.50 per diluted share
• Record second-quarter adjusted net income of $1.7 billion, or $1.66 per adjusted diluted share
• Record second-quarter net revenue of $3.7 billion, or an increase of 20%
• Second-quarter gross dollar volume up 14% and purchase volume up 16%
s2.q4cdn.com
“Our broad-based momentum continued this quarter as we delivered strong revenue and earnings per share
growth,” said Ajay Banga, Mastercard president and CEO. “We continue to invest for the long term and are
pleased with the progress we are making in expanding our customer relationships and advancing our secure
digital solutions. We believe our strategy of providing choice to our customers positions us well to expand our
core business and address new opportunities.” |
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