MasterCard Inc.

Current trend

Shares of MasterCard Inc., one of the largest American multinational companies providing payment transaction services, are correcting at 393.00, steadily holding in an uptrend, despite some disappointment of investors with data from China.

Major payment operators such as Visa Inc. and Mastercard Inc. continue to actively expand into the Chinese market, and the main bet this year was made on a significant increase in citizens' travel expenses after the lifting of quarantine restrictions. Nevertheless, statistics recorded an increase of only 50.0% from the levels of 2019. In turn, China's gross domestic product (GDP) added 0.8% in Q2, which is significantly lower than the 2.2% shown earlier.

In this regard, the company reported revenue, which is slightly inferior to initial estimates and amounted to 6.27B dollars in Q2, being higher than the forecast of 6.18B dollars, as the volume of cross-border payments adjusted by 24.0%, and the volume of purchases – by 14.0%. Earnings per share were fixed at 2.89 dollars with preliminary estimates of 2.84 dollars, and the operating margin was 58.3% with the 30.0% expected by analysts.

As a result, the issuer's shares are likely to continue the upward trend.

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