Mastercard Earnings Exceed Estimates, Stock Hits Record High; Visa Stock Up 2% Amid Fintech Rally

Mastercard has reported earnings that surpassed analysts' estimates, contributing to a positive outlook for the fintech sector. The company's results were bolstered by growth from its payments network, leading to a rise in its stock price. Following the announcement, Mastercard's stock reached a record high, while Visa's stock also increased by 2% in anticipation of its upcoming earnings report. Analysts noted that Mastercard's strong performance set an upbeat tone for the fintech industry, with both Mastercard and Visa trading at record highs.