Blog > Archive by tag 'mastercard'
“When Visa IPOed in March, the company reserved $3 billion of its jaw-dropping, record-breaking $19.7 billion public offer for what it called a litigation fund, and now we know why.” — Stephanie Grimmett
by Stephanie Grimmett
Baltimore – (TFN): It’s three months later, and we’re finally learning what all of that IPO money was for.
When Visa [...]
“Evidence suggests that as adjustable rate mortgages (ARMs) reset to higher interest rates, consumers in these regions - and across the country - are relying more on their credit cards to finance such day-to-day living expenses as groceries and gasoline.” — Robert Williams
by Robert Williams
Baltimore – (TFN): Late credit card [...]
"You can just imagine the scene enacted last weekend: Ben Bernanke on his knees begging pal Jamie Dimon, JP Morgan’s CEO, to rescue Bear Stearns from imploding in a panic and creating a blackhole large enough to suck the rest of the U.S.’s banking industry in with it. Jamie agreed to help out his [...]
Baltimore — (TFN): As U.S. financial institutions are still hoping that the end of the subprime mortgage crisis — and billion-dollar losses — is just around the corner, a new, severe crisis is shaping up for MasterCard and Visa, two companies that so far have profited nicely from the credit crunch.
Find out just how these [...]
“In early March, the “Credit Card Fair Fee Act of 2008” was introduced to the House of Representatives. The bill works to limit the power of credit card companies in several ways. Investors need to be concerned with just one aspect of the potential legislation.” — Andrew Snyder
by Andrew Snyder
Baltimore — (TFN): The nation is [...]
"Do not forget, Visa recently announced it lost $861 million last year, on revenues of over $5.2 billion. Numbers like that do not deserve the $38 billion market cap Visa is expecting. Stay away from this one, at least until it sheds its early overvalued price." — Andrew Snyder
by Andrew Snyder
Baltimore — (TFN): Don’t be [...]
Baltimore — (TFN): When Visa offers its stock to investors in just a few weeks, it is expected to draw a record-breaking offering. Thanks to Mastercard’s recent IPO victory, Visa plans to piggyback on the success. Unfortunately, the market is dramatically different now. Visa’s share price will plunge shortly after its offering. If you want [...]
“If you missed out on Mastercard last time, Visa could be your next chance at being a millionaire… even a billionaire.” — Ann Sosnowski
by Ann Sosnowski
Baltimore — (TFN): In the biggest IPO offering since 2004, MasterCard Inc. (MA:NYSE) raised $2.4 billion in 2006. Investors who hopped onto that IPO could have ended up with 463% [...]
Today’sFinancialNews.com
Baltimore — (TFN): The IPO market has been on a tear this year. This week Visa announced its IPO filing for $10 billion, underwritten by JP Morgan and Goldman Sachs. The company has yet to announce any terms, but Visa’s public offering will be the world’s largest if they pull it off.
Not [...]