Wall Street Grand, LLC., a leading investor newsletter is pleased to announce to the investment community and Wall Street Grand members market moving news about MasterCard (NYSE:MA) shows elevated growth in the fourth quarter of 09. MasterCard Inc. (NYSE:MA) trades on the “New York Stock Exchange” under the stock symbol “MA”. To learn more about “MA”, make sure to visit our exclusive website http://www.wallstreetgrand.com/.
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On Thursday, MasterCard (NYSE:MA) stated that its 4Q profit rose 23% as the company raised its fees to offset fading credit card use in the U.S. While MasterCard's worldwide purchase volume rose 6 percent from the year-ago period, to $510 billion, it fell in the U.S. Credit card use dropped nearly 8 percent in the U.S. while rising about 9 percent in the rest of the world. Use of MasterCard's debit cards spiked worldwide, with a 10 percent gain in the U.S. and nearly 16 percent jump worldwide. For the final three months of 2009, MasterCard earned $294 million, or $2.24 per share, compared to the $239.4 million, or $1.83 per share, in the prior-year. Revenue rose to $1.3 billion, from $1.22 billion a year ago. Revenue also rose on a 7 percent jump in the number of transactions the company processed, which rose to 5.9 billion. For all of 2009, MasterCard posted a profit of $1.46 billion, or $11.16 per share, versus a loss of $253.9 million, or $1.94 per share, for 2008.
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