Mastercard (NYSE:MA) reported third quarter earnings that beat analyst's expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.78 on revenue of $3.9B. Analysts polled by forecast EPS of $1.68 on revenue of $3.86B. That compared to EPS of $1.34 on revenue of $3.40B in the same period a year earlier. The company had reported EPS of $1.66 on revenue of $3.67B in the previous quarter.
For the year, Mastercard shares are up 26.22%, outperforming the S&P 500 which is down 1.58% year to date.
Mastercard follows other major Financial sector earnings this month
On October 12, JPMorgan (NYSE:JPM) reported third quarter EPS of $2.34 on revenue of $27.82B, compared to forecasts of EPS of $2.26 on revenue of $27.44B.
Bank of America (NYSE:BAC) earnings beat analyst's expectations on October 15, with third quarter EPS of $0.66 on revenue of $22.78B. analysts expected EPS of $0.62 on revenue of $22.62B
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