MasterCard Stocks Forecast

Company Information MasterCard

An international payment system that unites 22 thousand financial institutions in 210 countries of the world. The company is headquartered in New York, USA. In 2010, MasterCard accounted for 20% of the world’s payment cards, 28.6% had the former world leader VISA, and China UnionPay was the first with 29.2%.

History of MasterCard

It was founded in 1966 as a result of an agreement between several American banks on the formation of an association called the Interbank Card Association. MasterCard International Corporation owns 51% of the assets of Cirrus Systems Incorporated, 51% of the shares of Mondex International, as well as 50% of the assets of Maestro International (a joint venture with Europay International S.A.).

Capitalization MasterCard

The company has a market capitalization of $ 91.3 billion.

MasterCard: Opportunities for a Trader

Master Card shares maintain a very high correlation with Visa. Moreover, over long time intervals they demonstrate higher profitability, having risen in price over the past 5 years by 450%. The tool also feels good support in the area of ??the 50-day moving average, offering interesting shopping opportunities.

According to the latest financial statements of the company in 2016 increased by 6.6% compared to 2015 – up to 4,059 billion dollars. Accordingly, earnings per share amounted to $ 3.69 versus $ 3.35 the previous year, revenue – $ 10.776 billion, which is 11.5% better than in 2015. The company’s net profit for the fourth quarter of 2016 was $ 933 millions.