FX.co ★ Mastercard Stock Rises 5% On Strong Q4 Earnings, Growth In Cross-Border Transactions

Mastercard Inc. (MA) experienced a significant 5.05% increase in its stock price on Thursday, reaching $576.54 following the release of fourth-quarter earnings that outperformed analyst expectations. This growth was predominantly driven by an uptick in payments and cross-border transactions.

Currently, Mastercard shares are trading at $571.33 on the New York Stock Exchange, marking a 4.10% rise or $22.53. The stock opened the trading session at $555.00 and reached a high of $576.56 during the day. Over the past year, the shares have fluctuated between $428.86 and $576.56.

The company's revenue for this period saw a 14.4% increase, totaling $7.489 billion, compared to $6.548 billion in the previous year. Meanwhile, profits have risen to $3.342 billion, or $3.64 per share, from last year's $2.791 billion, or $2.97 per share.