Record-breaking stock price and impressive financial results

  • Mastercard shares reach all-time high after strong 4Q
  • Stock jumps to $462, highest level on record
  • Fourth-quarter profit jumps to $2.79 billion
  • Per-share adjusted earnings exceed analyst projections
  • Revenue rises to $6.55 billion, surpassing forecasts
  • Healthy consumer spending and cross-border volume growth drive higher profit and revenue

Shares of Mastercard reached an all-time high after the company reported strong earnings and revenue for the final quarter of 2023. The stock surged to $462, its highest level on record. Mastercard’s fourth-quarter profit increased to $2.79 billion, while per-share adjusted earnings of $3.18 exceeded analyst projections. Revenue rose to $6.55 billion, surpassing forecasts. The impressive financial performance was driven by healthy consumer spending and a 24% jump in cross-border volume growth.

Public Companies: Mastercard (MA)
Private Companies:
Key People: Michael Miebach (Chief Executive)

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Factuality Level: 8
Justification: The article provides specific information about Mastercard’s earnings and revenue for the final quarter of 2023, including the increase in profit, adjusted earnings, and revenue. The information is sourced from FactSet, a reputable financial data provider. The article also includes a statement from the Chief Executive of Mastercard explaining the factors behind the higher profit and revenue. Overall, the article provides factual information without any obvious bias or misleading elements.

Noise Level: 3
Justification: The article primarily focuses on the financial performance of Mastercard, providing information on its earnings, revenue, and stock price. It does not contain irrelevant or misleading information, and it supports its claims with data from FactSet. However, it lacks in-depth analysis, antifragility considerations, and accountability of powerful people. It also does not provide actionable insights or solutions. Overall, the article is relatively low in noise but lacks depth and critical analysis.

Financial Relevance: Yes
Financial Markets Impacted: Mastercard

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses Mastercard’s earnings and revenue for the final quarter of 2023. There is no mention of an extreme event.

Reported publicly: www.marketwatch.com