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Mastercard Profit Jumps on Robust Cross-Border Spending

April 28 (Reuters) - Mastercard Inc on Thursday reported a 49% jump in first-quarter profit as cross

Mastercard Profit Jumps on Robust Cross-Border Spending

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Like 😊","highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9060238827","repostId":2230449521,"repostType":4,"repost":{"id":"2230449521","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1651150594,"share":"https://www.laohu8.com/m/news/2230449521?lang=&edition=full","pubTime":"2022-04-28 20:56","market":"us","language":"en","title":"Mastercard Profit Jumps on Robust Cross-Border Spending","url":"https://stock-news.laohu8.com/highlight/detail?id=2230449521","media":"Reuters","summary":"April 28 (Reuters) - Mastercard Inc on Thursday reported a 49% jump in first-quarter profit as cross","content":"<html><head></head><body><p>April 28 (Reuters) - Mastercard Inc on Thursday reported a 49% jump in first-quarter profit as cross-border travel surpassed 2019 levels for the first time since the coronavirus pandemic began, sending its shares up 2.6% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/0a0c5d5cfa8f2fc7aca71b5f589a1632\" tg-width=\"843\" tg-height=\"617\" width=\"100%\" height=\"auto\"/></p><p>Pent-up demand for travel and dining out despite a galloping inflation has fueled a surge in spending by Americans who stayed homebound for a prolonged period.</p><p>Mastercard&#39;s cross-border volume, a metric that tracks spending on cards beyond the country of issue and offers an insight into travel recovery trends, grew 53% on a local currency basis.</p><p>The company rounds out an upbeat quarter for card companies as spending momentum continued to gain despite speed bumps from inflation and new coronavirus variants. Peers American Express Co and Visa Inc also reported profits that beat expectations.</p><p>New York-based Mastercard reported gross dollar volume growth of 17% to $1.9 trillion. The metric represents the total dollar value of all transactions processed by Mastercard. However, its operating expense jumped 13%.</p><p>Mastercard&#39;s profit rose to $2.6 billion, or $2.68 per share, for the three months ended March 31 compared to $1.8 billion, or $1.83 per share, a year earlier.</p><p>Excluding one-time costs, the New York-based company reported earnings of $2.76 per share. Analysts on average had expected $2.17 per share, according to Refinitiv.</p><p>It was not immediately clear if the reported numbers were comparable to estimates.</p><p>Mastercard&#39;s net revenue rose 28% on a currency neutral basis to $5.2 billion.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mastercard Profit Jumps on Robust Cross-Border Spending</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMastercard Profit Jumps on Robust Cross-Border Spending\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-04-28 20:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>April 28 (Reuters) - Mastercard Inc on Thursday reported a 49% jump in first-quarter profit as cross-border travel surpassed 2019 levels for the first time since the coronavirus pandemic began, sending its shares up 2.6% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/0a0c5d5cfa8f2fc7aca71b5f589a1632\" tg-width=\"843\" tg-height=\"617\" width=\"100%\" height=\"auto\"/></p><p>Pent-up demand for travel and dining out despite a galloping inflation has fueled a surge in spending by Americans who stayed homebound for a prolonged period.</p><p>Mastercard&#39;s cross-border volume, a metric that tracks spending on cards beyond the country of issue and offers an insight into travel recovery trends, grew 53% on a local currency basis.</p><p>The company rounds out an upbeat quarter for card companies as spending momentum continued to gain despite speed bumps from inflation and new coronavirus variants. Peers American Express Co and Visa Inc also reported profits that beat expectations.</p><p>New York-based Mastercard reported gross dollar volume growth of 17% to $1.9 trillion. The metric represents the total dollar value of all transactions processed by Mastercard. However, its operating expense jumped 13%.</p><p>Mastercard&#39;s profit rose to $2.6 billion, or $2.68 per share, for the three months ended March 31 compared to $1.8 billion, or $1.83 per share, a year earlier.</p><p>Excluding one-time costs, the New York-based company reported earnings of $2.76 per share. Analysts on average had expected $2.17 per share, according to Refinitiv.</p><p>It was not immediately clear if the reported numbers were comparable to estimates.</p><p>Mastercard&#39;s net revenue rose 28% on a currency neutral basis to $5.2 billion.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MA":"万事达","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4106":"数据处理与外包服务","BK4559":"巴菲特持仓","BK4566":"资本集团","BK4527":"明星科技股","BK4534":"瑞士信贷持仓","BK4535":"淡马锡持仓","BK4548":"巴美列捷福持仓","BK4581":"高盛持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2230449521","content_text":"April 28 (Reuters) - Mastercard Inc on Thursday reported a 49% jump in first-quarter profit as cross-border travel surpassed 2019 levels for the first time since the coronavirus pandemic began, sending its shares up 2.6% in premarket trading.Pent-up demand for travel and dining out despite a galloping inflation has fueled a surge in spending by Americans who stayed homebound for a prolonged period.Mastercard's cross-border volume, a metric that tracks spending on cards beyond the country of issue and offers an insight into travel recovery trends, grew 53% on a local currency basis.The company rounds out an upbeat quarter for card companies as spending momentum continued to gain despite speed bumps from inflation and new coronavirus variants. Peers American Express Co and Visa Inc also reported profits that beat expectations.New York-based Mastercard reported gross dollar volume growth of 17% to $1.9 trillion. The metric represents the total dollar value of all transactions processed by Mastercard. However, its operating expense jumped 13%.Mastercard's profit rose to $2.6 billion, or $2.68 per share, for the three months ended March 31 compared to $1.8 billion, or $1.83 per share, a year earlier.Excluding one-time costs, the New York-based company reported earnings of $2.76 per share. Analysts on average had expected $2.17 per share, according to Refinitiv.It was not immediately clear if the reported numbers were comparable to estimates.Mastercard's net revenue rose 28% on a currency neutral basis to $5.2 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":433,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":12,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":101482366,"commentId":"101482366","gmtCreate":1651153256686,"gmtModify":1663248049427,"authorId":3568200501659310,"author":{"id":3568200501659310,"idStr":"3568200501659310","authorId":3568200501659310,"name":"ckh","avatar":"https://static.tigerbbs.com/046085c4c23df63d33eb436617a32ed6","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9060238827,"objectIdStr":"9060238827","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}