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No Joke: European Union Drops MasterCard Case
Excerpt from the InvestorGuide.com Stock of the Day on 4/1/2009

MasterCard - the second largest credit card company in the world - has a wide variety of fees that are imposed upon either merchants or customers; no surprise there. Any credit card customer knows there might be a fee if they use a non-network ATM, or overdraft their account, and businesses understand that they typically have to pay a fee when processing a customer's payment via credit card. However, the European Union was recently troubled to find out just how high a particular fee was, and had threatened MasterCard with fines if these fees were not removed. Today, everything appears to have been resolved; but why are some of the involved parties still thinking that the decision is as humorless as a cruel April Fool's Day joke?

The fees in question were being charged when transactions were occurring across country borders and also for some European domestic transactions as well. These fees were required to be paid by the business, and could be as high as 1.9% if someone was using a credit card, or 0.75% if someone was using a debit card. These fees have been estimated to cost European retailers 12 billion Euros per year (almost 16 billion U.S. dollars). The European Union had asked MasterCard to stop charging these fees, saying they were unnecessary. More >


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MasterCard Investors Relieved Despite Net Loss
Excerpt from the InvestorGuide.com Stock of the Day on 11/4/2008

One of the sectors that has been undeniably affected by the current economic situation has been the financial sector. Banks and lenders have been destroyed, and those lucky enough to survive are fighting hard to stay afloat. One group of financial companies, however, tends to fluctuate between behaving like these other companies and being able to take a completely different path; these companies are the credit card companies. Companies such as Mastercard, Visa (V: Charts, News, Offers) and American Express (AXP: Charts, News, Offers) are clearly engaging in financial services; however, their customers are using their services for different purposes than a typical bank or lending institution customer. When Mastercard announced their earnings yesterday, it was possible to predict both strong and weak results. Were they able to highlight their strengths, or were they just as vulnerable as everyone else? More >

MasterCard Profit Up 63%, Beating Street Estimates
Excerpt from the InvestorGuide.com Stock of the Day on 10/31/2007

If you were to sit back and pick a handful of industries that would probably take a hit after this summer's credit crunch there's a good chance that credit card companies would have made your list. Banks like Wachovia (WAC: Charts, News, Offers) and Bear Stearns (BSC: Charts, News, Offers) have taken some major punishment, as have mortgage lenders like Countrywide Financial (CFC: Charts, News, Offers). If credit is more expensive to consumers it stands to say that consumers would clamp down on their spending habits in order to avoid, but that's not how things work. Good thing for MasterCard that consumers often throw inhibitions to the wind and pull out plastic regardless of the economic situation. Will this spending spree last, or will MasterCard be at the mercy of penny-pinchers this holiday season? More >

Mastercard Incorporated (MA) Upgrades

Date
Analyst
Old Rating
New Rating
09/09/2009
Citi
Sell
Hold
05/04/2009
Deutsche Bank
Hold
Buy
09/09/2008
Fox-Pitt Kelton
In-Line
Outperform
08/19/2008
Goldman Sachs
Neutral
Buy
07/08/2008
Raymond James
Market Perform
Outperform
02/26/2008
Credit Suisse
Underperform
Neutral

Mastercard Incorporated (MA) Downgrades

Date
Analyst
Old Rating
New Rating
12/10/2008
Cowen & Co
Outperform
Underperform
10/10/2008
Deutsche Bank
Buy
Hold
11/01/2007
Bear Stearns
Outperform
Peer Perform

Mastercard Incorporated (MA) New Coverage

Date
Analyst
Rating
09/29/2009
Susquehanna
Positive
09/16/2009
Gabelli
Buy
08/25/2009
Jefferies & Co
Buy
06/11/2009
Piper Jaffray
Buy
04/15/2009
RBC Capital
Outperform
02/20/2009
Baird
Outperform
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