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Benzinga
Benzinga
Business
Henry Khederian

Why Mastercard Shares Are Rising

Mastercard Visa Mastercard Inc NYSE

Mastercard Inc (NYSE:MA) shares are trading higher by 7.02% at $368.27 in sympathy with Visa after the company reported better-than-expected second-quarter adjusted financial results.

Visa said second-quarter revenue increased 25% year-over-year to $7.2 billion, which beat the $6.84 billion estimate. The company reported quarterly adjusted earnings of $1.79 per share, which beat the estimate of $1.65 per share... Read More

Mastercard is the second-largest payment processor in the world, having processed close to $6 trillion in purchase transactions during 2021.

According to data from Benzinga Pro, Mastercard has a 52-week high of $401.50 and a 52-week low of $305.60.

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