3.2 Billion Reasons to Love Mastercard Stock

By Parkev Tatevosian, CFA – Jul 31, 2023 at 8:23AM

NYSE: MA

Mastercard

Market Cap

$426B

Today's Change

(0.17%) $0.78

Current Price

$457.76

Price as of May 13, 2024, 4:00 p.m. ET

Mastercard has spent decades building a strong network of merchants and consumers that utilize its services.

Fool.com contributor Parkev Tatevosian highlights why Mastercard's (MA 0.17%) base of 3.2 billion cards in people's wallets is a great reason to love the stock.

*Stock prices used were the afternoon prices of July 28, 2023. The video was published on July 30, 2023.

Parkev Tatevosian, CFA has positions in Mastercard. The Motley Fool has positions in and recommends Mastercard. The Motley Fool recommends the following options: long January 2025 $370 calls on Mastercard and short January 2025 $380 calls on Mastercard. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.