Data Processing & Outsourced Services

Mastercard Inc (NYSE: MA) and Visa Inc (NYSE: V) are reevaluating their ties with Binance Holdings as the latter navigates regulatory headwinds across multiple jurisdictions. Previously enthusiastic about collaborating with Binance, a renowned cryptocurrency...

Raymond James analyst John Davis maintained an Outperform rating on Mastercard Inc (NYSE: MA) with a price target of $453. The re-rating followed solid 2Q results that featured ~2% upside to revenue and EPS relative to the Street.  Moreover, the company reiterated...

Mastercard Inc (NYSE: MA) reported Q2 2023 net revenues of $6.27 billion, up 14% Y/Y and 15% Y/Y on a neutral currency basis, beating the consensus of $6.17 billion. Payment network net revenue rose 13% Y/Y (+14% Y/Y on a currency-neutral basis), led by growth in gross dollar volume (+12...

Hold onto your coffee cups, 'cause we're kicking off the day with GREAT news! GDP soars to 2.4% in Q2 2023. This is up from 2% in Q1. The “for sure recession" is nowhere in sight - it vanished like a magician's trick! Market Prices as of 4 pm EST, 7/26/23 Macro Sales of new...

Payment processing specialist Shift4 Payments Inc. (NYSE: FOUR) formed a bullish base below resistance at $76.40. Its second-quarter earnings report on August 3 is a possible catalyst for a significant price move.  Shift4 is part of the payment processors sub-industry, which includes...

Launched on 06/12/2000, the iShares U.S. Financial Services ETF (ETF:IYG) is a passively managed exchange traded fund designed to provide a broad exposure to the Financials - Broad segment of the equity market. While an excellent vehicle for long term investors, passively managed ETFs are a popular...

Morgan Stanley analyst James Faucette reiterated Overweight ratings on Visa Inc (NYSE: V) with a $290 price target and Mastercard Inc (NYSE: MA) with a $440 price target in a Wednesday note titled Payments and Processing: V/MA 2Q23 Preview: Cross...

Mizuho boosted the price target for Gulfport Energy Corporation (NYSE: GPOR) from $115 to $125. Mizuho analyst Nitin Kumar maintained a Buy rating. Gulfport Energy shares rose 0.2% to $105.75 in pre-market trading. B of A Securities boosted Uber Technologies, Inc. (NYSE: UBER) price target...

Bloomberg Jack Ma's Ant Group Explores ChatGPT-Style Services. Challenges Baidu with Investment in AI Alibaba Group Holding Limited's (NYSE: BABA) fintech affiliate Ant Group Co is developing large-language model technology to power ChatGPT-style services. The Jack Ma-backed affiliate...

Mastercard Inc (NYSE: MA) announced the establishment of a global framework for card recycling, including collection, transportation, and recycling. The company is asking its global network of partners to help put this in place, beginning in the United Kingdom with HSBC Holdings...

Visa Inc. (NYSE: V) is reportedly getting close to making a deal to acquire a Brazilian cloud-based platform provider for banking services and payments, Pismo. The company, which is in advanced discussions, can announce the deal this month, per Bloomberg. A final agreement has not been reached yet...

Visa Inc (NYSE: V) is in advanced talks to acquire Pismo, a Brazilian cloud-based payment and banking platform provider. The American multinational financial services firm could announce a deal by June, Bloomberg cites familiar sources. Mastercard Inc (NYSE: MA) and...

Mastercard Incorporated (NYSE: MA) has announced the global expansion of its payment partnership with UniCredit SpA (OTC: UNCFF). The agreement extends to 13 banks in 12 markets across all card products, totaling 20 million cards. "UniCredit has been an important...

At the most recent Berkshire Hathaway Inc. (NYSE: BRK-B) investors conference in early May, Warren Buffett offered some insights into his most recent buys and sells, but more detail was released in a regulatory filing on May 15, after the market's close. At the conference, Buffett...

The Nasdaq index closed higher on Monday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the...