Mastercard beat 4Q earnings estimates on strong payment growth; they reported a 20% increase in adjusted earnings to $3.19 per share while revenue grew 13% for the 2nd straight quarter to $6.55 billion. Consensus was $3.08 per share on $6.48bn revenue. This has been a standout stock over the last eighteen months, with our only concern being its valuation as markets price in further ongoing growth.
- We like Mastercard as the company grows earnings at an impressive rate, benefiting from an increasingly cashless society.
MM likes Mastercard around $US460.
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