Many investors, including Jim Cramer, found the relative strength in stocks somewhat curious, given the widespread geopolitical unrest.» Read More
MasterCard, the world's second-largest credit card company, posted a 14 percent rise in quarterly profit as more customers used cards to shop.
May 1- MasterCard Inc, the world's second-largest debit and credit card company, posted a 14 percent rise in quarterly profit as more people used cards to shop. MasterCard's worldwide purchase volume increased 10 percent on a local currency basis to $759 billion.
Some of the names on the move ahead of the open.
May 1- MasterCard Inc, the world's second-largest debit and credit card company, posted a 14 percent rise in quarterly profit as more customers used cards to shop. The company's net income rose to $870 million, or 73 cents per share, for the first quarter ended March 31, from $766 million, or 62 cents per share, a year earlier.
Stocks closed out April with a bang and many watchers believe this is not the year to sell in May.
April 30- New York state's main banking regulator said on Wednesday it had teamed up with card payment companies Visa Inc and MasterCard Inc to curb illegal payday loans through debit card transactions.
MOSCOW, April 28- U.S. payment card firm MasterCard Inc will suspend services in the near future to cards issued by Russia's SMP bank and InvestCapitalbank, which were sanctioned on Monday by the United States, the payment company said.
April 28- The following are brief descriptions of the 17 Russian companies against which the United States imposed sanctions on Monday over Russia's role in the Ukraine crisis. *Aquanika- A producer of bottled water and 100 percent subsidiary of Volga Group, which is controlled by Gennady Timchenko, a long-standing ally of Russian President Vladimir Putin.
"Companies with money tied up in Russia would have a tough time getting it back out," says one foreign policy analyst.
Investors will navigate a Fed meeting, an earnings flood, and significant economic data, but traders agree global tensions will continue to dominate the market.
With the market in the thick of earnings, next week promises to be an eventful five days for investors. Are you ready? Cramer sure is.
Some of Friday's midday movers: Ford, Microsoft, Visa and more
April 24- Visa Inc, the world's largest credit and debit card company, said U.S. sanctions on Russia were hurting its card transaction volumes and that revenue growth would slow further this quarter, sending its shares down 5 percent after the bell. President Barack Obama imposed sanctions on Russia in March after a standoff over Ukraine.
*Second-quarter adjusted profit $2.20/ Class A share vs est. April 24- Visa Inc, the world's largest credit and debit card company, said its revenue growth would slow this quarter due to a strong U.S. dollar, sending the company's shares down about 3 percent in extended trading.
Visa and rival Mastercard Inc have been helped by increasing consumer spending in the United States and a shift to plastic payments in emerging markets. Net income attributable to the company rose to $1.60 billion, or $2.52 per Class A share, from $1.27 billion, or $1.92 per Class A share, a year earlier.
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*First quarter earnings $1.31/ shr vs est $1.25. April 22- Credit card issuer Discover Financial Services reported a first-quarter profit that beat Wall Street estimates as its high-spending customers more than made up for the slower growth in overall U.S. consumer spending.
*First-quarter earnings of $1.33/ share vs est $1.30. April 16- American Express Co's quarterly profit beat analysts' average estimate as a tighter control on expenses helped make up for slower growth in consumer spending in its key U.S. market.
April 16- American Express Co's first-quarter profit beat analysts' average estimate as its credit-card customers spent more in a recovering U.S. economy and the company kept expenses in check.