MA Stock Recent News

Mastercard could rightly become the next stock in my portfolio. In fact, Mastercard is entrenched in the economy and holds a role similar to key infrastructure everyone has to use. In this article, we go over the recently released Q2 earnings report and see why Mastercard's strength makes me eye the stock with increasing attention.

Mastercard's (MA) second-quarter results benefit from steady consumer spending and cross-border volumes. High expenses partially offset the results.

Mastercard, Inc. (NYSE:MA ) Q2 2024 Earnings Conference Call July 31, 2024 9:00 AM ET Company Participants Devin Corr - Head of Investor Relations Michael Miebach - Chief Executive Officer Sachin Mehra - Chief Financial Officer Conference Call Participants Harshita Rawat - Sanford C. Bernstein & Co., LLC Trevor Williams - Jefferies Daniel Perlin - RBC Capital Markets David Togut - Evercore ISI Darrin Peller - Wolfe Research David Koning - Baird Tien-Tsin Huang - JPMorgan Chase & Co. Dan Dolev - Mizuho Andrew Jeffrey - William Blair Fahed Kunwar - Redburn Atlantic.

Playing a hot hand of new deals and balanced global consumer spending, Mastercard posted double-digit revenue growth for the second quarter, as announced in its earnings call Wednesday (July 31). “The macroeconomic environment remains mixed, and we continue to monitor the positives and negatives,” Mastercard CEO Michael Miebach told the company's earnings call audience.

Investors interested in stocks from the Financial Transaction Services sector have probably already heard of Bread Financial Holdings (BFH) and MasterCard (MA). But which of these two companies is the best option for those looking for undervalued stocks?

Mastercard (MA) shares gained 3% in intraday trading Wednesday after the company reported second-quarter revenue that topped analysts' expectations, with a lift from "healthy consumer spending."

MasterCard (MA) came out with quarterly earnings of $3.59 per share, beating the Zacks Consensus Estimate of $3.51 per share. This compares to earnings of $2.89 per share a year ago.

Mastercard Inc's (NYSE:MA) shares were up almost 3% premarket after its second-quarter profit exceeded expectations with consumer spending trends holding up. The company's profit was up 17% to $3.3 billion, or $3.50 per share, for the quarter ending June 30.

The credit-card company reports second-quarter adjusted earnings of $3.59 a share, beating Wall Street estimates.

Mastercard Inc.'s spending growth to start the current quarter has been stable, and that seemed welcome news to investors on Wednesday.