MA and Safaricom are set to expand payment options and cross-border remittances for merchants in Kenya.
Mastercard NYSE: MA just announced an acquisition to beef up its capabilities in cybersecurity and threat prevention. It will buy Recorded Future, the world's largest threat intelligence firm.
Recently, Zacks.com users have been paying close attention to MasterCard (MA). This makes it worthwhile to examine what the stock has in store.
U.S. retail sales are expected to rise 3.2% in the holiday season as companies look to deals to attract thrifty shoppers during a shorter-than-usual shopping window this year, a Mastercard forecast showed on Thursday.
Since my previous article, shares of Mastercard have returned nearly quadruple that of the S&P 500 index. The payment processor's net revenue and adjusted diluted EPS climbed higher in the second quarter. Mastercard possesses an A+ credit rating from S&P on a stable outlook.
Mastercard's acquisition of Recorded Future enhances cybersecurity capabilities, leveraging AI to mitigate risks and drive synergies, expected to close by Q1 2025. The Payment Passkey Service, piloted in India, aims to streamline online shopping with biometric authentication, reducing fraud and enhancing security. Mastercard outperforms Visa in revenue growth, maintains high EBITDA margins, and rewards shareholders with dividends and share repurchases.
MasterCard (MA) closed the most recent trading day at $500.99, moving +0.66% from the previous trading session.
MA enables Tap & Go payments for international travelers in Beijing's urban rail transit system, simplifying access for inbound tourists and expanding digital payment options in China.
Mastercard Incorporated MA shares are trading higher today. On Thursday, the company announced that it would acquire Recorded Future for $2.65 billion, enhancing cybersecurity services with real-time threat intelligence.
MA expects cybercrime to cost $9.2 trillion globally this year alone.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Mastercard (MA) moved to boost its cybersecurity infrastructure by purchasing global threat intelligence company Recorded Future from private equity firm Insight Partners for $2.65 billion.