What to Watch in MasterCard’s Earnings, From AI to Acquisitions

From artificial intelligence to acquisitions, MasterCard’s recent expansion efforts will give investors a wealth of developments to scrutinize during Friday’s quarterly earnings report. Analysts are forecasting both top and bottom-line growth as the Purchase, N.Y.-based card network benefits from a deal with PayPal (PYPL) , the acquisitions of payments company VocaLink and cloud-based analytics provider Applied Predictive Technologies (APT) , as well as new partnerships abroad. Such steps, as well as this week’s introduction of a chatbot for banks called “MasterCard KAI” that uses artificial intelligence to respond to customer queries via text messages, are integral parts of CEO Ajay Banga’s strategy of leveraging technological development to expand the $113 billion company beyond traditional card-based transactions. MasterCard, which climbed 0.4% to $103.60 on Thursday, has increased 6.42% so far this year. That outpaces rival Visa’s (V) 5.6% gain. Both companies…

Link to Full Article: What to Watch in MasterCard’s Earnings, From AI to Acquisitions

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