All Posts Tagged With: "MasterCard"

MasterCard (NYSE: MA) Q1 Profit Jumps 24 Percent On Transaction Growth

May 4th, 2010 • View Comments • Filed Under • by mitch
MasterCard (NYSE: MA) reported Tuesday that first quarter earnings jumped 24 percent as the number of transactions the company processed and the prices they charged merchants to handle them were both higher in the period. The credit card company said it earned $455 million or $3.46 a share in the first quarter, up from $367 million [...]

MasterCard (NYSE: MA) Names COO Ajay Banga As CEO, Succeeds Selander

April 12th, 2010 • View Comments • Filed Under • by mitch
MasterCard Inc. announced Monday that President and Chief Operating Officer Ajay Banga will succeed Robert W. Selander as chief executive officer on July 1. Selander, 59, will serve as executive vice chairman and on the board of directors until his full retirement on Dec. 31. “Bob is a true visionary – responsible for the transformation [...]

MasterCard (NYSE: MA) Earnings Fall Short After Visa (NYSE: V) Profit Tops Views

February 5th, 2010 • View Comments • Filed Under • by mitch
MasterCard Inc. (NYSE: MA) posted fourth quarter earnings on Thursday that fell short of Wall Street estimates.   The news comes just one day after rival Visa Inc. (NYSE: V) announced fiscal first quarter earnings that topped estimates by more than 10 cents a share. For the fourth quarter, MasterCard posted earnings per share of $2.24, [...]

Morgan Stanley (NYSE: MS) Wins Antitrust Legal Battle Against Discover (NYSE: DFS), Awarded Nearly $800 Million

January 7th, 2010 • View Comments • Filed Under • by mitch
Morgan Stanley (NYSE: MS) received a ruling from a New York state Supreme Court Justice on Wednesday awarding the bank nearly $800 million; ordering Discover Financial Services (NYSE: DFS) to pay what was deemed as Morgan’s portion of an antitrust settlement with Visa (NYSE: V) and MasterCard (NYSE: MA). Discover Financial, formerly owned my Morgan [...]

MasterCard (NYSE: MA) Posts $452 Million Third-Quarter Profit On Cost Cuts, Revenue Growth

November 4th, 2009 • View Comments • Filed Under • by mitch
MasterCard Inc. (NYSE: MA) announced Tuesday that it returned to profitability in the third quarter, posting profit of $452.2 million or $3.45 a share.  The result compares to a loss of $193.6 million or $1.48 a share in the same period a year ago. Excluding one-time charges, MasterCard posted third quarter earnings of 3.48 a [...]