The global payment services company Mastercard Inc (NYSE:MA), has acquired Pinpoint, a company that provides loyalty and rewards in Asian-Pacific region. The acquisition is the latest move by Mastercard to expand market share and diversified into more and promising markets around the world. It also comes at a time when the company seeks to repel intensive competition in its industry. Mastercard Inc (NYSE:MA), shares after opening at $73.71 moved to $74.72 on last trade day and at the end of the day closed at $74.35. Company price to sales ratio in past twelve months was calculated as 10.45 and price to cash ratio as 12.10. Mastercard Inc (NYSE:MA), showed a positive weekly performance of 0.57%.
Credit Suisse increased their price objective on shares of SLM Corp (NASDAQ:SLM), from $28.00 to $30.00 in a research note issued on Monday, Analyst Ratings News reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price objective points to a potential upside of 20.68% from the company’s current price. SLM Corp (NASDAQ:SLM), shares fell 0.62% in last trading session and ended the day on $25.64. SLM Corp (NASDAQ:SLM), return on equity ratio is recorded as 33.40% and its return on assets is 1.00%. SLM Corp (NASDAQ:SLM), yearly performance is 27.06%.
On April 24, 2014, Visa Inc (NYSE:V), announced financial results for the Company’s fiscal second quarter 2014. Net income for the quarter was $1.6 billion, an increase of 26% over the prior year, or $2.52 per share, an increase of 31% over the prior year. Visa Inc (NYSE:V), shares moved up 0.28% in last trading session and was closed at $209.40, while trading in range of $ 207.59 – 210.50. Visa Inc (NYSE:V), year to date (YTD) performance is -5.79%.
On April 21, 2014, American Express Company (NYSE:AXP), announced its full service reloadable prepaid Account, American Express Serve, will be available for purchase at 4,100 Walmart stores nationwide. These Walmart stores will also become a part of Serve’s free cash reloading network. This means Serve customers can now add cash to their Account for free across 19,500 U.S. Walmart, CVS/pharmacy®, and participating 7-ELEVEN® locations. American Express Company (NYSE:AXP), weekly performance is 0.01%. On last trading day company shares ended up $87.41. American Express Company (NYSE:AXP), distance from 50-day simple moving average (SMA50) is -2.34%. Analysts mean target Price for the company is $94.71.
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