Mastercard allays spending concerns with profit beat
Mastercard (MA.N), opens new tab beat second-quarter profit expectations on Wednesday and said spending was holding up, reassuring investors worried about customers’ financial health after a swathe of companies warned of pressure on low-income households.
The strong performance was helped by robust growth in key international markets like Europe and Latin America, coupled with a healthy U.S. consumer, the company said on Wednesday.
Source: REUTER