Mastercard Inc (MA) shares edged higher and hovered near a 52-week high on Wednesday as investors awaited the payments firm’s earnings report on Thursday. According to FinChat data, Wall Street expects Mastercard to report fourth-quarter (Q4) earnings per share of $3.

Mastercard stock gained 4.9% to $575.90 in Thursday trading, on track for its largest daily percentage increase since November 2022, according to Dow Jones Market Data. Any close

Mastercard (MA – Research Report), the Financial sector company, was revisited by a Wall Street analyst today. Analyst Bryan Bergin from TD

Shares of Mastercard tested all-time highs after the credit-card company handily beat Wall Street targets for fourth-quarter earnings and revenue. Rival Visa rose slightly after it said revenue climbed 10% to $9.51 billion in the fiscal first quarter, reflecting strong holiday-season spending.

CEO Michael Miebach says the card network's business in areas such as debit cards will enable it to compete if the mega merger results in the loss of Capital One's debit business.

The credit-card company posted better-than-expected adjusted earnings and revenue, fueled by a rise in cross-border transactions. Shares rose 4% Thursday morning. ↗️ [IBM (IBM)](

The card brand also touted its payments partnership with the social media platform X as evidence of strength in its partnership strategy.

Mastercard (MA) hailed its push to diversify beyond its traditional payments network as it reported quarterly earnings that beat expectations,

On a per-share basis, the Purchase, New York-based company said it had net income of $3.64. Earnings, adjusted for non-recurring costs, came to $3.82 per share. The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $3.68 per share.

Visa's first-quarter profit beat Wall Street estimates on Thursday, as easing concerns about an economic slowdown and discounts encouraged customers to splurge during the holiday shopping season. Retailers offered deep discounts on everything from apparel to toys and luxury products to lure cost-conscious consumers while online sales remained strong thanks to a boom in mobile shopping.

James maintained an Outperform rating on MasterCard (NYSE:MA) shares and increased the price target from $614.00 to $640.00. Currently trading at $566.01, the stock is near its 52-week high with a market capitalization of $518.

Blackstone is in talks to buy a sizeable stake in a New York 50-story office building from institutional investors of JPMorgan Asset Management, two sources familiar with the matter said on Thursday.