Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

Recs

0

MasterCard's Masterful Quarter

Consumer credit card behemoth MasterCard (NYSE: MA  ) reported third-quarter results yesterday, and the stock ended the day down at the close. However, shares have bounced up slightly today, as investors push the stock near 52-week highs.

MasterCard saw a strong third quarter, with net income up 14% to $879 million. Earnings per diluted share jumped to $7.27, an increase of 18%. The company saw strong growth "across all geographies," according to CEO and president Ajay Banga, even despite the poor economic conditions in Europe and a recovering American economy. 

Motley Fool analyst Charly Travers says he generally doesn't like companies that look as expensive as MasterCard, given that the stock trades at about 30 times earnings and has already run up more than 45% this year. However, Charly thinks that MasterCard shares could be compelling if the company can indeed grow earnings at 20% a year for the next three years, as MasterCard expects.

Want more everlasting stocks like MasterCard?
As every savvy investor knows, Warren Buffett didn't make billions by betting on half-baked stocks. He isolated his best few ideas, bet big, and rode them to riches, hardly ever selling. You deserve the same. That's why our CEO, legendary investor Tom Gardner, has permitted us to reveal "The Motley Fool's 3 Stocks to Own Forever" -- and MasterCard is just one of them. These picks are free today! Just click here now to uncover the three companies we love. 


Read/Post Comments (0) | Recommend This Article (0)

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2709486, ~/Articles/ArticleHandler.aspx, 8/25/2016 11:19:18 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 hours ago Sponsored by:
DOW 18,448.41 -33.07 -0.18%
S&P 500 2,172.47 -2.97 -0.14%
NASD 5,212.20 -5.49 -0.11%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/25/2016 4:01 PM
MA $95.59 Up +0.06 +0.06%
MasterCard CAPS Rating: *****
AXP $65.00 Down -0.16 -0.25%
American Express CAPS Rating: ****
V $80.32 Up +0.03 +0.04%
Visa CAPS Rating: *****

Advertisement