Mastercard Incorporated (NYSE:MA) boasts of strong institutional backing with ownership reaching 89% of the shares. Several entities, including Pitcairn Co, Cerity Partners LLC, and GenTrust LLC have increased their stock holdings. The company is also a top pick in billionaire Ken Griffin’s portfolio for long-term growth. The digitally innovative firm has expanded in Senegal with a new prepaid card launch and is drawing investor attention especially in the Fintech and AI arena, earning the reputation for being among the most widely held stocks by hedge funds. Mastercard has also entered into a partnership with JP Morgan to facilitate foreign exchange on blockchain. The third quarter of 2024 saw it recording strong revenue growth with its financial results available on the company’s website. Nevertheless, analysts note slower annual revenue growth predictions through 2027. In spite of this, Mastercard’s profitability and resilience in consumer spending have been lauded and its growth momentum appeals as a sound investment option.
Mastercard Incorporated MA News Analytics from Mon, 26 Aug 2024 07:00:00 GMT to Sat, 23 Nov 2024 14:07:31 GMT -
Rating 5
- Innovation 8
- Information 8
- Rumor -5
