MasterCard Inc. expects U.S. tensions with Russia to have a “small impact” on this year’s earnings, while the longer-term effects are uncertain, according to Chief Executive Officer Ajay Banga.
MasterCard Inc., the second-biggest U.S. payments network, reported profit that beat analysts’ estimates as spending on credit and debit cards rose. The shares climbed.
MasterCard Inc. , the world’s second- biggest payments network, posted a 31 percent increase in second-quarter profit as consumers used their cards more while traveling beyond their home countries.
MasterCard Inc. , the world’s second- biggest bank-card network, said fourth-quarter profit jumped 41 percent on a surge in U.S. consumer spending and the global migration to electronic payments.
MasterCard Inc., the world’s second- biggest payments network, posted a 21 percent increase in first- quarter profit as card spending rose and the firm took a bigger share of the market.
"That's just one day, consumers are stretching their shopping out."
- Ajay Banga on Dec 03, 2014