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MasterCard in the predictions of the financial analysts

June 4, 2008 - 2:20am | News | Plastic cards |
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In view of the increased cost of the stock of MasterCard Inc by 7.7 percent, which is $309 a share, it is expected that in 2008 the company will get a double-digit revenue growth. The raise of the stock price was caused by the company’s boost of its long-term profit outlook. And the increased percentage of plastic cards’ use also plays a significant role.

On Monday shares of credit cards giant have closed at $320 on the New York Stock Exchange.

In the future it is expected that the company will continue to get the increased revenues. So, in 2009, 2010 and 2011 it is expected that the company will get an average annual net income increase of 20 % to 30%. Interestingly enough but the previous forecasts were predicting only 15-20% increase. The change in figures and the main showings can be explained by the increased use of plastic cards, and their popularity among both rich people and common one.





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