3 Reasons for Mastercard Investors to Cheer
Mastercard Inc's (NYSE: MA) business continues to hum: When the company recently reported its third-quarter earnings, there was a lot for investors to like. Net revenue rose to $3.4 billion, an 18% increase year over year, while earnings per share were up to $1.34, an even more robust 24% increase year over year. The revenue and earnings growth were driven by increases in gross dollar volume and switched transaction counts, up 10% and 17%, respectively, from 2016's third quarter. The market reacted to the news only mildly, probably because Mastercard shares have already had an incredible run-up this year. As I write, shares are up more than 44% year to date and almost 15% since the start of August.
After reading through the company's conference call transcript provided by S&P Global Market Intelligence, here are three more catalysts shareholders in the global payments network can look forward to in the quarters and years ahead.
Source: Fool.com
Mastercard Inc. A Stock
The stock is an absolute favorite of our community with 40 Buy predictions and no Sell predictions.
With a target price of 446 € there is a slightly positive potential of 11.54% for Mastercard Inc. A compared to the current price of 399.85 €.