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Mastercard Inc Class A MA

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Morningstar’s Analysis

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Mastercard Continues to Bounce Back in Third Quarter

Brett Horn, CFA Senior Equity Analyst

Analyst Note

| Brett Horn, CFA |

Third-quarter results for Mastercard largely mirrored what we saw from Visa, with volumes showing ongoing recovery from the impact of the pandemic. While some areas of the business still face significant headwinds, the relatively quick bounceback we’ve seen for the networks supports our favorable long-term secular view, and we think the combination of attractive long-term growth prospects and the company’s wide moat makes Mastercard a fundamentally attractive company. Nothing in the quarter materially altered our long-term view, and we will maintain our $337 fair value estimate.

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Company Profile

Business Description

Mastercard is the second- largest payment processor in the world, having processed $4.8 trillion in purchase transactions during 2020. Mastercard operates in over 200 countries and processes transactions in over 150 currencies.

2000 Purchase Street
Purchase, NY, 10577
T +1 914 249-2000
Sector Financial Services
Industry Credit Services
Most Recent Earnings Sep 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type Cyclical
Employees 21,000