3 Things You Must Know About Mastercard Before You Buy the Stock
(NYSE: MA) recently reported its 2024 first-quarter results. Revenue and diluted earnings per share (EPS) came in ahead of Wall Street estimates, but because the market is a forward-looking machine, investors were probably disappointed that executives slightly lowered their sales guidance for the full year.
Nonetheless, this financial stock has been a big winner for shareholders in the past decade, rising almost 500% during that time. Given that shares sit about 9% off their peak, you might have the company on your watch list right now. But before adding Mastercard to your portfolio, here are three facts you should know.
It's easy to get confused by how the financial services sector and payments industry operate, but it's critical to know that Mastercard doesn't lend any money despite being seen as a credit card company. The company just provides the communications channel for merchants and banks to talk with each other.
Source Fool.com
Mastercard Inc. A Stock
The stock is an absolute favorite of our community with 51 Buy predictions and no Sell predictions.
With a target price of 450 € there is a slightly positive potential of 8.76% for Mastercard Inc. A compared to the current price of 413.75 €.
