On Thursday, Mastercard Incorporated (NYSE: MA) noted an up move of 1.09% in most recent trading session with finishing price of $272.79. The company negotiated 3481076 shares compared to an average volume of 3522.68K shares. EPS growth for this year is 23.70% and EPS growth for next year is estimated to reach at 17.69%. EPS growth in past five years was 16.60% while EPS growth in next five years is projected to arrive at 17.11%. Sales growth past 5 years was measured at 12.50%.
Mastercard Incorporated (MA) reported that BMO Harris and Superbia Credit Union will be the first issuers to implement the True Name feature for their card offerings, enabling people to use their true name on their eligible credit, debit and prepaid cards, without the requirement of a legal name change.
“We are thrilled to have the very first issuers of the True Name feature on board, allowing us to propel one of our key values, unconditional acceptance,” stated Cheryl Guerin, EVP Marketing & Communications at Mastercard. “At Mastercard, we strive to cultivate a culture of inclusion that extends both internally and externally. We are continuing to call on the industry to help us ensure that each and every person’s financial products can reflect their true identity.”
Reported during World Pride 2019, the True Name initiative was developed in response to a need for credit, debit and prepaid cards that reflect the true identities of many in the transgender and non-binary communities who are misrepresented when shopping and going about daily life. For these communities in particular, the card in their pocket can serve as a source of sensitivity rather than an affirmation of who they are. BMO Harris will implement the True Name feature for personal ATM and debit cards in December of this year while Superbia Credit Union will enable the True Name feature across their Mastercard portfolios in 2020.
The Company has 989.44 million shares outstanding and 871.77 million shares were floated in market. The short ratio in the company’s stock is documented at 1.91 and the short float is around of 0.77%. The average true range of the stock is observed at 5.66 and the relative strength index of the stock is recorded at 50.47. In the trailing 12 months period, return on assets ratio of the Company was 27.90% and return on equity ratio was 134.80% while its return on investment ratio was 50.00%.