US Credit Card Spending On The Rise |
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Yesterday it was Visa (V: 84.18 +3.30 +4.08%) and today Mastercard (MA: 279.89 +5.91 +2.16%) reported its earnings. The results for both were good, with Mastercard earning more than double last Q1 at $446.9 million, or $3.38 per share up from $214.9 million, or $1.57 a share last year. Some of these earnings came from “one time” events such as the sale of holdings in Brazilian company Redecard. Even after excluding those earnings, the results were still far better than what analysts had
Filed under: Futures
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