The Latest Breaking News from Mastercard

As the summer holiday season nears, we look at ways to get more bang for your buck abroad

Mastercard's (NYSE:MA) short percent of float has risen 4.92% since its last report. The company recently reported that it has 5.52 million shares sold short, which is 0.64% of all regular shares that are available for trading.

Someone with a lot of money to spend has taken a bullish stance on Mastercard (NYSE:MA). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

The Senate Judiciary Committee took aim at credit card fees, complaining that inflation is pushing up the profits of Mastercard and Visa,.

Pulled from Benzinga Pro data, Mastercard (NYSE:MA) posted Q1 earnings of $2.63 billion, an increase from Q4 of 10.59%. Sales dropped to $5.17 billion, a 0.94% decrease between quarters.

Analysts maintained their conviction on Mastercard Incorporated (NYSE: MA) 

A market rally attempt is underway, but the major indexes lost ground. Apple and Facebook led key earnings. Elon Musk will buy Twitter.

Upgrades

Mastercard (NYSE:MA) has outperformed the market over the past 10 years by 11.94% on an annualized basis producing an average annual return of 23.75%. Currently, Mastercard has a market capitalization of $371.60 billion.

Mastercard Incorporated (NYSE:MA) has reported Q1 sales of $5.2 billion, up 24% (28% currency-neutral), beating the consensus of $4.91 billion. Gross dollar volume increased 17%, on a local currency basis, to $1.9 trillion. Cross-border volume growth of 53% on a local currency basis, with switched transactions growth of 22%. Other revenues increased 18%,…

  Mastercard (NYSE:MA) reported its Q1 earnings results on Thursday, April 28, 2022 at 08:00 AM. Here's what investors need to know about the announcement.