Mastercard, the American company, exceeded market expectations with its earnings per share of the first quarter of 1-3 months, reflecting strong consumer demand. 🤔

Mastercard, the major American credit card company (MA.N), announced its first-quarter earnings on the 1st, which exceeded market expectations based on adjusted earnings per share of $3.31, compared to the market estimate of $3.24 according to LSEG data. Net revenue was $6.35 billion, a 10% increase from the same period last year.
While the Federal Reserve Board (FRB) is maintaining a tight monetary policy, the continued rise in wages and the tightening labor supply have led to stable employment for card users and their wallets remain open. These factors have contributed to the company's strong performance.
HSBC analyst, Mr. Saul Martinez, evaluated in a customer memo that it may not look impressive, but it seems to be a solid result.