NYSE:MA - New York Stock Exchange, Inc. - US57636Q1040 - Common Stock
The latest trading day saw MasterCard (MA) settling at $528.06, representing a +0.64% change from its previous close.
Consumer spending has remained strong on hopes of a soft landing for the economy and falling interest rates, helping companies like Capital One rake in more from interest payments on credit card debt. The credit card business makes up nearly half of the loan portfolio of Capital One, which is one of the largest issuers of Visa and Mastercard credit cards in the United States by balances. The McLean, Virginia-based company's net interest income — the spread between interest earned on loans and paid out to customers on deposits — increased nearly 8% in the fourth quarter to about $8.1 billion.
U.S. bank Wells Fargo named JPMorgan Chase executive Ed Olebe as its new head of cards and merchant services on Tuesday, effective immediately. Olebe, who joined JPMorgan in 2016, succeeds Ray Fischer, who has decided to retire, Wells Fargo said. "Ed's industry expertise and deep experience will be invaluable to Wells Fargo as we continue to grow our credit card business and expand our payment capabilities across Merchant Services," said Kleber Santos, CEO of consumer lending at Wells Fargo.
No expense is being spared at this year’s Australian Open as sponsors build multi-level marquees to entertain VIPs.
Mastercard stock is trading higher by 4.7% this week. After December inflation data showed cooling price pressures, hopes for Federal Reserve rate cuts in 2025 increased.
The airline duopoly has defended card surcharges, saying they give customers choice and keep prices low.
Australia’s largest lender Commonwealth Bank of Australia joined Mastercard Inc. and the country’s government in pushing to scrap fees for debit and credit card payments.
Berkshire Hathaway took a 'Rip Van Winkle' approach to Amex while selling other stocks. And it has paid off.
The American Express settlement follows recent agreements by Mastercard and Block to settle claims from prosecutors or regulators.
Following a false alarm last week due to a prematurely-updated Apple support document, Synchrony as of today is actually available as a buy-now,...
Record holiday spending powered a better-than-expected gain for a key retail sales component last month.
Goldman Sachs CEO David Solomon said that there's "some possibility" the company's Apple Card partnership with Apple could end early,...
US stocks jumped at the open after consumer price data showed inflation continues to slow. Strong bank earnings also helped lift sentiment.
Shelby McFaddin of Motley Fool Asset Management breaks down Netflix's pivot to live sports, Walmart's resilience, and Mastercard's competitive advantage
Shelby McFaddin, an investment analyst at Motley Fool Asset Management, spoke with Quartz for the latest installment of our “Smart Investing” video series.
Seaport analyst Jeff Cantwell downgraded Mastercard Incorporated (NYSE:MA) to Neutral from Buy rating, with a price target of $521. The analyst writes that he continues to like Mastercard’s story but views the shares as fairly valued at this point. Revenue upside in 2025 appears more limited due to its higher international exposure compared to Visa, and Mastercard lacks an identifiable catalyst, adds the analyst. Last year, the analyst favored Mastercard over Visa. However, this year, the analys
The complaint accuses the company of underpaying female, Black and Hispanic employees compared with their male and white counterparts.
Shelby McFaddin of Motley Fool Asset Management breaks down Netflix's pivot to live sports, Walmart's resilience, and Mastercard's competitive advantage
Visa upgraded, MasterCard downgraded: Wall Street's top analyst calls
Constellation Energy, American Express and Howmet Aerospace are stocks to watch.