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News Breaks | | | | September 20, 2012 | | 08:06 EDT |  | MA | MasterCard sees long-term net revenue CAGR 11%-14%, EPS CAGR at least 20%
MasterCard will host a meeting for members of the investment community. As part of discussions at the meeting, the Company is providing the following 2013-2015 longer-term performance objectives: Net revenue compound annual growth rate of 11-14%; Annual operating margin of a minimum of 50%; and EPS CAGR of at least 20%. the meeting, the Company will provide additional context with respect to the above performance objectives, including its expectations around the currently weak global economic environment. The Company also assumes that there will not be any further deterioration in the U.S. economy or more significant problems within the Eurozone. Based on these expectations, the Company expects that net revenue growth in the early part of the 2013-2015 period may be slightly below the 11-14% range and, in later years, net revenue growth could be at the higher end of this range, assuming that the global economy could return to a more stable environment. | |
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News For MA From The Last 14 Days Check below for free stories on MA the last two weeks. |
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| May 23, 2013 | | 14:45 EDT |  | MA | Retailers file new suit against card companies over swipe fees, Bloomberg says
 Subscribe for More Information | | | 11:59 EDT | | MA | Retailers file suit against Visa, MasterCard over credit cards, Bloomberg says
Subscribe for More Information | | | May 21, 2013 | | 14:50 EDT | | MA | Wal-Mart among 19 large retailers to opt out of swipe fee deal, DJ reports
A group of 19 large retailers led by Wal-Mart (WMT) are opting out of a pending settlement with Visa (V) and MasterCard (MA) over swipe fees, reported Dow Jones, citing a statement from the companies. The group of merchants also includes Costco (COST), Starbucks (SBUX), Gap (GPS), Lowe's (LOW) and Nike (NKE), among others, and their announcement comes a week before a court deadline to object to and opt out of the proposed settlement, the report noted. Reference Link | | | May 14, 2013 | | 06:44 EDT | | MA | Visa Europe offers to reduce inter-bank fees, Reuters says
Visa Europe, the European licensee of Visa (V), is prepared to reduce its interbank credit fees by 50% for four years in order to terminate an EU antitrust probe and prevent itself from possibly being fined, according to Reuters. The reduction would lower Visa Europe's interbank credit fees to 0.3%, the same level as that of MasterCard (MA), EU stated, Reuters reported. Reference Link | |
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