J.P. Morgan Maintains Overweight on MasterCard (MA)

J.P. Morgan is out with its report today on MasterCard MA, maintaining Overweight. In a note to clients, J.P. Morgan writes, "This morning, MasterCard reported strong 1Q11 results of $4.29, exceeding JPM/Street estimates of $4.09 on revenue upside. EPS upside versus our model, as expected, was primarily driven by stronger volume and transaction growth. Net revenues increased 15% to $1,501mm versus JPM/Street estimates of $1,460mm/$1,454mm. Expected stock reaction: Positive. We rate MA Overweight." At the time of posting, shares of MA were trading pre-market at $282.00, up 2.44% from Monday's close.