iShares U.S. Financial Services ETF (ARCA: IYG)

Ultime notizie per iShares U.S. Financial Services ETF (ARCA:IYG)

iShares U.S. Financial Services ETF

Financial Services

The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of the financial services sector of the U.S. equity market. The fund is non-diversified.

Berkshire Hathaway, Inc.

Jpmorgan Chase & Co.

Visa Inc

Mastercard Inc

Bank Of America Corp.

Wells Fargo & Co.

Goldman Sachs Group Inc.

S&P Global Inc

American Express Co.

Morgan Stanley

iShares US Financial Services ETF

Fannie Mae (Federal National Mortgage Association) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/FNMA#OTCQB">FNMA</a>) and Freddie Mac (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/FMCC#OTCQB">FMCC</a>) might finally be headed for an exit from government conservatorship, almost 17 years after being taken over by the federal government in the <a href="https://www.benzinga.com/markets/25/01/42808169/hedge-fund-star-who-profited-big-in-2008-financial-crisis-is-betting-big-on-current-market-volatility-risk-prices-have-come-down">2008 financial crisis.</a>
The two giant housing finance companies, long lingering in regulatory limbo, are again generating investor enthusiasm as word circulates that President Donald Trump is considering allowing them to return to public markets.
Also Read: <a href="https://www.benzinga.com/etfs/sector-etfs/25/06/46001274/alibabas-high-speed-comeback-the-ai-commerce-cocktail-lifting-etf-hopes?utm_campaign=Watchlist&amp;utm_source=Benzinga&amp;utm_medium=Email">Alibaba&#8217;s High-Speed Comeback: The AI-Commerce Cocktail Lifting ETF Hopes</a>
With the over-the-counter stocks of Fannie and Freddie skyrocketing so far this year, up over 190% and 140%, respectively, investors are racing to figure out how to position themselves. Although there isn&#8217;t an ETF directly tracking these two government-sponsored enterprises (GSEs), multiple ETFs provide indirect exposure to the changing housing finance story.
<h2 class="wp-block-heading">The ETF Play: Indirect Exposure To GSE Reboot</h2>
No ETF actually owns shares of Fannie or Freddie, as they now trade over the counter and are still under federal control. But the following ETFs would potentially be affected by shifts in their status:
iShares MBS ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBB#NASDAQ">MBB</a>)
Exposure: Agency mortgage-backed securities
Why it&#8217;s relevant: Fannie and Freddie stand behind many MBS in the U.S. Shocks to their structure, credit health, or guarantees may affect valuations of MBS and yield profiles.
SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>)
Exposure: Mid-sized lenders
Why it&#8217;s relevant: The regional banks are significantly dependent on the GSEs to securitize mortgages and cover their lending risk. A change in Fannie and Freddie&#8217;s business model would impact their credit standards and liquidity.
iShares U.S. Financial Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>)
Exposure: Broad financials, including mortgage lenders and insurers
Why it&#8217;s relevant: Large mortgage lenders and insurance players might feel knock-on consequences in terms of origination volumes, risk-sharing, and costs if Fannie and Freddie reverse their move back to public companies.
<h2 class="wp-block-heading">Why The Comeback Matters</h2>
Fannie and Freddie are instrumental in the U.S. housing market by buying mortgages from banks and aggregating them into securities. Fannie and Freddie mortgage-backed securities (MBS) are widely owned by banks, insurers, and institutional investors. Following the collapse of the housing market in 2008, the Federal Housing Finance Agency (FHFA) put both GSEs into conservatorship, and profits went directly to the U.S. Treasury.
Today, though, with the housing markets strained, discussions on terminating the conservatorship have revived. A restructured, publicly traded Fannie and Freddie could remake mortgage access, investor perceptions, and the fixed income universe.
As the conservatorship conversation heats up, so too will the spotlight on these ETFs. Because when the twin titans of housing finance make a move, even from the shadows, the entire market listens.
Read Next: 
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</ul>
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Sector ETFs

ETFs

FMCC

FNMA

iShares Trust Dow Jones US Financial Services Index Fund

How To Invest In Fannie Mae's Comeback With Housing-Focused ETFs

Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) disclosed a collaboration with PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) to enhance <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/b45764648/mastercard-and-paypal-to-partner-on-mastercard-one-credential-to-supercharge-choice-at-checkout" rel="noreferrer noopener">consumer choice and control during checkout</a>.
The partnership will now enable Mastercard and PayPal to co-develop new features leveraging Mastercard&#8217;s One Credential, bringing these solutions to a wider consumer base.
One Credential can also support PayPal users in developing healthier financial practices, facilitating their progression from debit to structured credit options like installments as they build creditworthiness.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/05/45340947/mastercard-cfo-sees-paradigm-shift-away-from-web-browsers-for-shopping-says-ai-will-soon-let-people-shop-and-pay-through-chat" rel="noreferrer noopener">Mastercard CFO Says Shoppers Ready To Abandon The Web Browser In Favor Of AI Agents: &#8216;Paradigm Shift&#8217; Unfolding</a>
Mastercard is implementing One Credential as a network-level capability globally, allowing issuers to empower consumers with choice and control on a large scale.
This initiative further strengthens Mastercard and PayPal&#8217;s established collaboration on payment solutions, which includes the PayPal Debit Mastercard and PayPal Business Debit Mastercard.
Chris Sweetland, SVP of Partnerships at PayPal, said, &#8220;We both want to reduce friction for consumers and bring them more power over how they pay.&#8221;
Last month, Mastercard partnered&nbsp;with crypto infrastructure company&nbsp;MoonPay&nbsp;to launch stablecoin-based <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/05/45446885/mastercard-taps-into-100-million-crypto-users-with-moonpay-partnership" rel="noreferrer noopener">payment solutions for global use</a>.
Investors can gain exposure to the stock via&nbsp;iShares Long-Term U.S. Equity Active ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELT#NASDAQ">BELT</a>) and iShares U.S. Financial Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>).
Price Action: MA shares are trading higher by 0.29% to $583.65 premarket at last check Wednesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45592157/visa-and-mastercard-face-eu-scrutiny-over-card-fees-amid-push-to-cut-foreign-payment-dependence" target="_blank" rel="noreferrer noopener">Visa And Mastercard Face EU Scrutiny Over Card Fees Amid Push To Cut Foreign Payment Dependence</a></li>
</ul>
Image via Shutterstock

News

BELT

PYPL

Mastercard, PayPal Partner To Offer Consumers More Payment Control

Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) on Wednesday launched Visa Commercial Integrated Partners, which aims to enhance the connection between fintech companies and Visa&#8217;s commercial offerings via its <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/b45538314/visa-launches-commercial-integrated-partners-to-turbo-charge-the-fintech-ecosystem" rel="noreferrer noopener">dedicated commercial platform</a>.
Through advanced APIs, Visa will enable business partners to embed its products directly into their applications. The program establishes the necessary ecosystem, technology, and framework.
This allows innovative fintechs and other business application providers to easily integrate payment functionalities into their platforms, thereby enabling the use of Visa credentials issued by Visa Commercial partners.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45328849/v-visa-stock-flashes-rebound-signal-thawing-trade-tensions" rel="noreferrer noopener">Options Corner: Visa Flashes Potential Rebound Signal Amid Thawing Trade War Tensions</a>
This program also benefits Visa&#8217;s business partners by cutting their development time and costs. It allows fintechs to concentrate on innovation and improving customer experiences while enabling their customers to make payments using their existing Commercial Card credentials.
Darren Parslow, Global Head of Visa Commercial Solutions, said, &#8220;By leveraging our network and Commercial APIs, we are enabling our partners to innovate faster, reduce development and distribution costs, and deliver superior payment experiences to their clients; it underscores Visa&#8217;s commitment to driving the future of digital payments and supporting the growth of the fintech ecosystem globally.&#8221;
In a separate release, Visa announced the general availability of its innovative <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/b45538326/visa-announces-the-general-availability-of-visa-ar-manager-in-the-u-s" rel="noreferrer noopener">Visa AR Manager product in the U.S</a>.
This solution is designed to boost and retain existing card volume by automating the virtual card transaction process, directly addressing a major challenge for suppliers who accept commercial credentials.
Visa AR Manager streamlines virtual card transactions by automatically retrieving card account details, initiating authorization and clearing steps for the supplier, and then providing timely and useful reconciliation data to finalize invoices within the supplier&#8217;s ERP system.
This automation significantly simplifies how virtual card transactions are handled, reducing manual effort for merchants and allowing them to concentrate on their core business activities.
Investors can gain exposure to the stock via&nbsp;iShares U.S. Industrials ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYJ#BATS">IYJ</a>) and&nbsp;iShares U.S. Financial Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>).
Price Action: Visa shares are trading lower by 0.88% to $363.60 at last check Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/news/25/05/45230322/worldcoins-orb-mini-launches-in-u-s-backed-by-sam-altman-visa-and-match-group-to-distinguish-humans-from-ai" target="_blank" rel="noreferrer noopener">Worldcoin&#8217;s Orb Mini Launches In U.S. Backed By Sam Altman, Visa, And Match Group To Distinguish Humans from AI</a></li>
</ul>
Image via Shutterstock

Equities

Fintech news covering the emerging Financial Technology services sector

Fintech

Large Cap

iShares Trust Dow Jones US Industrial Sector Index Fund

Visa's Dual Push: Enhancing Fintech Partnerships, Automating Virtual Card Payments

As the debate over remote work vs. in-office mandates continues, Veeva Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>), a cloud-based software company, stands out as a prime example of how embracing work-from-home (WFH) policies <a href="https://www.benzinga.com/top-stories/24/09/40887347/amazon-to-cut-management-layers-end-work-from-home" target="_blank" rel="noreferrer noopener">can be a winning strategy</a>.
Veeva had the highest volume of remote job postings in 2024, offering roles with salaries ranging from $55,000 to $300,000 annually, Fortune <a target="_blank" href="https://fortune.com/2025/01/24/veeva-most-remote-job-postings-wfh-rto/" rel="noreferrer noopener">reports</a>, citing FlexJobs. This has made the company highly attractive to job seekers seeking flexibility, particularly as the job market remains hungry for well-paid remote opportunities.
Remote Work Boosts Stock Returns?
Veeva&#8217;s success with remote work isn&#8217;t just a win for employees—it&#8217;s a sound business strategy, Fortune adds. Research has shown that companies offering WFH options tend to have better stock returns and attract higher-quality talent.
A&nbsp;<a target="_blank" href="https://editorialexpress.com/cgi-bin/conference/download.cgi?db_name=SIEP2021&amp;paper_id=58" rel="noreferrer noopener">paper</a>&nbsp;from University of Melbourne assistant professor of finance Gabriele Lattanzio found that companies offering remote work arrangements outperformed the market, with a 7.44% higher return compared to expected returns.
These companies also had better earnings results and positive stock price reactions.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, VEEV stock has gained over 7% in the past year. Investors can gain exposure to the stock via&nbsp;First Trust Nasdaq Lux Digital Health Solutions ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EKG#NASDAQ">EKG</a>).
Veeva&#8217;s Remote Flexibility vs. JPMorgan&#8217;s Office Mandate:
Founded in 2007, Veeva&#8217;s remote-forward approach was ingrained in the company&#8217;s culture from the start, as its founders operated from separate cities during the company&#8217;s early years.
However, Veeva&#8217;s strategy stands in sharp contrast to companies like JP Morgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), which has faced significant employee backlash over its recent mandate requiring staff to return to the office five days a week, Fortune <a target="_blank" href="https://fortune.com/2025/01/17/jpmorgan-chase-union-jamie-dimon-wall-street-return-to-work-employees-anger/" rel="noreferrer noopener">reported</a> earlier this month.
JPM stock has gained over 53% in the past year. Investors can gain exposure to the stock via&nbsp;iShares U.S. Financial Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>).
In fact, major firms like Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), are pushing for a return to office (RTO) policies, despite widespread resistance from employees.
Workers at these companies have voiced frustrations, some even resorting to petitions or quitting in protest, Fortune adds.
The Future of Work: Can Remote Work Gain Ground?
A study found that employees working from home two days a week are just as productive as those in the office every day, Forbes <a target="_blank" href="https://www.forbesindia.com/article/lifes/wfh-vs-rto-why-empty-offices-are-at-the-heart-of-the-returntooffice-debate/94882/1" rel="noreferrer noopener">reports</a>, citing a survey from Resume.org. Despite this, 28% of business leaders plan to enforce 100% in-person work by 2025, while only 2% will allow less than one office day per week.
As the future of work evolves, Veeva&#8217;s focus on employee happiness and productivity through remote work continues to set the company apart in an increasingly competitive labor market.
Read Next:
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Image: Shutterstock

Markets

General

AMZN

GOOG

GOOGL

MSFT

VEEV

Remote Work Vs. Return-To-Office: Can Veeva's Flexibility Outshine JPMorgan's Office Mandate?

Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) has invested in Moniepoint Inc., a business payment and <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b43156135/visa-makes-strategic-investment-in-moniepoint-to-accelerate-financial-inclusion-for-african-smes" rel="noreferrer noopener">banking services platform in Nigeria</a>.
This investment underscores Visa&#8217;s commitment to driving financial inclusion, advancing digital payments, and supporting SME growth across Africa. The financial terms of the investment were not disclosed.
Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint Inc (formerly known as TeamApt Inc), processes over 1 billion transactions monthly, with total payments volume exceeding&nbsp;$22 billion.
Visa&#8217;s investment reinforces Moniepoint&#8217;s mission to empower African businesses, accelerating its growth and expansion across the continent.
Visa joins other notable investors, including Development Partners International and Google&#8217;s Africa Investment Fund, in advancing Moniepoint&#8217;s efforts.
Andrew Torre, Regional President, Central and Eastern Europe, Middle East and Africa at Visa, said, &#8220;Moniepoint has built an impressive platform that directly addresses the needs of Africa&#8217;s SMEs, a critical segment in enabling economic development.&#8221;
&#8220;Visa&#8217;s investment in Moniepoint is the latest example of our long-standing commitment to advancing digital economies in Africa. We will enable even the smallest businesses to thrive through innovative payment and software solutions that allow SMEs to scale and open new revenue opportunities, while streamlining their operations.&#8221;
Tosin Eniolorunda, Founder and Group CEO of Moniepoint, said, &#8220;Given that about 83% of employment across Africa is in the informal economy, we are very keen to widen access and participation in the formal financial system and drive economic growth across Africa.&#8221;
Visa expects to release&nbsp;first-quarter&nbsp;2025 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">results on January 30, 2025</a>.
Investors can gain exposure to the stock via&nbsp;SPDR Select Sector Fund &#8211; Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) and&nbsp;iShares U.S. Financial Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>).
Price Action: V shares are up 0.72% at $325.88 at the last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/25/01/42986061/analyst-sees-visa-as-a-safe-bet-in-turbulent-market-upgrades-to-buy" target="_blank" rel="noreferrer noopener">This Analyst Prefers Visa Over Mastercard In 2025 &#8211; Here&#8217;s Why</a></li>
</ul>
Image: Shutterstock/ Tony Stock.

Contracts

Visa Invests In Nigeria's Moniepoint To Drive SME Growth And Digital Payments: Details

JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) shares are trading nearly flat premarket after it reported <a href="https://www.benzinga.com/pressreleases/25/01/b42997622/jpmorganchase-reports-fourth-quarter-and-full-year-2024-financial-results" target="_blank" rel="noreferrer noopener">fourth-quarter FY24 results</a>.
Reported revenue&nbsp;rose&nbsp;11% year-on-year to&nbsp;$42.8&nbsp;billion. Net revenue (<a target="_blank" href="https://jpmorganchaseco.gcs-web.com/node/723716/html#a4q24erfexhibit991narrative.htm" rel="noreferrer noopener">managed</a>) was&nbsp;$43.7 billion&nbsp;(+10%&nbsp;Y/Y), beating the&nbsp;consensus of&nbsp;$41.707 billion.
Consumer &amp; Community Banking (CCB) revenue rose 1%&nbsp;Y/Y to&nbsp;$18.362&nbsp;billion, and Commercial &amp; Investment Bank revenue was&nbsp;$17.598&nbsp;billion&nbsp;(+18% Y/Y) in the quarter.
Investment Banking revenue was&nbsp;$2.6&nbsp;billion, up&nbsp;46% Y/Y, in the quarter. Investment Banking fees rose 49% Y/Y, led by higher fees across all products.
Asset and Wealth Management revenue was&nbsp;$5.8&nbsp;billion&nbsp;(+13%&nbsp;Y/Y), and Corporate revenue stood at&nbsp;$2.00&nbsp;billion&nbsp;(+13%&nbsp;Y/Y) in the quarter.
In AWM,&nbsp;Assets under management stood at&nbsp;$4.0&nbsp;trillion, and client assets stood at&nbsp;$5.9&nbsp;trillion&nbsp;(up&nbsp;18%), driven by higher market levels and continued net inflows.
Net interest income fell 3% Y/Y to $23.5 billion in the quarter. Net interest income excluding Markets&nbsp;stood at $23.0 billion, down 2% Y/Y, due to lower rates and deposit margin compression along with lower deposit balances in CCB.&nbsp;
Noninterest revenue was&nbsp;$20.3 billion, up&nbsp;29%&nbsp;Y/Y, in the quarter. Noninterest revenue, excluding Markets,&nbsp;increased 30% Y/Y to $13.7 billion, led by higher asset management fees in AWM and CCB, increased investment banking fees and lower net investment securities losses.
Noninterest expense decreased&nbsp;7%&nbsp;Y/Y to&nbsp;$22.8&nbsp;billion in the quarter. Average loans rose&nbsp;2%&nbsp;Y/Y and up 1% quarter-over-quarter; average deposits were up&nbsp;2%&nbsp;Y/Y and 1% Q/Q.
In CCB, Debit and credit card sales volume increased by&nbsp;8% Y/Y, and active mobile customers were up&nbsp;7%&nbsp;Y/Y.&nbsp;
In CIB, Market revenue rose&nbsp;21% Y/Y, with Fixed Income Markets increasing 20% and Equity Markets up&nbsp;22% in the quarter.
JPM&#8217;s provision for credit losses was&nbsp;$2.6 billion&nbsp;(-5%&nbsp;Y/Y), including net charge-offs of&nbsp;$2.4&nbsp;billion&nbsp;and a net reserve build of&nbsp;$267 million.&nbsp;
Net income rose 50% Y/Y to&nbsp;$14.0&nbsp;billion&nbsp;in the quarter. EPS of&nbsp;$4.81 exceeded&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">the consensus of&nbsp;$4.11</a>.
The CET1 capital ratio stood at&nbsp;15.7%, and the advanced CET1 capital ratio was&nbsp;15.8%. The bank&#8217;s capital distributions included a dividend per share of&nbsp;$1.25&nbsp;and $4.0 billion of common stock net repurchases.
<a target="_blank" href="https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2024/4th-quarter/9aff0e71-2b8c-4f41-ac93-8da74c263894.pdf" rel="noreferrer noopener">Outlook</a>: JPMorgan expects FY25 net interest income,&nbsp;excluding Markets, of ~$90 billion and project card&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">services NCO rate of ~3.60%.</a>
Jamie Dimon, Chairman and CEO, said, &#8220;The U.S. economy has been resilient. Unemployment remains relatively low, and consumer spending stayed healthy, including during the holiday season. Businesses are more optimistic about the economy, and they are encouraged by expectations for a more pro-growth agenda and improved collaboration between government and business.&#8221;
&#8220;However, two significant risks remain. Ongoing and future spending requirements will likely be inflationary, and therefore, inflation may persist for some time. Additionally, geopolitical conditions remain the most dangerous and complicated since World War II.&#8221;
Read: <a target="_blank" href="https://www.benzinga.com/news/management/25/01/42994008/jamie-dimon-oversees-major-leadership-shake-up-at-jpmorgan-chase-as-president-daniel-pinto-prepares-to-step-down" rel="noreferrer noopener">Jamie Dimon Oversees Major Leadership Shake-Up At JPMorgan Chase As President Daniel Pinto Prepares To Step Down</a>
Investors can gain exposure to the stock via&nbsp;IShares U.S. Financial Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>) and&nbsp;iShares U.S. Financial ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYF#NYSE">IYF</a>).
Price Action: JPM shares are up 0.29% at $248.18  premarket at the last check Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/25/01/42996752/us-stocks-to-open-higher-ahead-of-december-inflation-data-all-eyes-on-baking-earnings-by-jpm-goldman-citi-wells-fargo" target="_blank" rel="noreferrer noopener">US Stocks To Open Higher Ahead Of December Inflation Data: All Eyes On Banking Stocks As JPMorgan, Goldman, Citi, Wells Fargo Report Quarterly Earnings</a></li>
</ul>

Earnings

Guidance

Movers

iShares Dow Jones US Financial Sector Index Fund

JPMorgan Chase Q4 Earnings: Investment Banking Revenue Jumps 46%, CEO Jamie Dimon Says 'Inflation May Persist For Some Time'

Seaport analyst Jeff Cantwell downgraded Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) to Neutral from Buy rating, <a target="_blank" href="https://www.benzinga.com/quote/MA/analyst-ratings" rel="noreferrer noopener">with a price target of $521</a>.
The analyst writes that he continues to like Mastercard&#8217;s story but views the shares as fairly valued at this point.
Revenue upside in 2025 appears more limited due to its higher international exposure compared to Visa, and Mastercard lacks an identifiable catalyst, adds the analyst.
Last year, the analyst favored Mastercard over Visa. However, this year, the analyst prefers Visa relative to Mastercard, highlighting that Visa&#8217;s volumes and revenue are more U.S.-centric, where expectations are rising, while Mastercard is more exposed to international markets, which face greater risks to PCE growth.
Related: <a target="_blank" href="https://www.benzinga.com//node/42986061" rel="noreferrer noopener">This Analyst Prefers Visa Over Mastercard In 2025 &#8211; Here&#8217;s Why</a>
Additionally, with Mastercard&#8217;s Investor Day already passed, the analyst doesn&#8217;t see any identifiable catalysts for the stock this year.
Cantwell says that with the upcoming administration change in the U.S., 2025 is expected to be fluid, requiring investors to stay vigilant.
Potential policy adjustments could impact consumer and business spending, and factors like FX, inflation, and the Fed&#8217;s rate cuts further complicate the outlook, adds the analyst.
The analyst foresees a higher potential for earnings surprises in Fintech this year compared to previous years.
Investors can gain exposure to the stock via Principal Exchange-Traded Funds Principal Focused Blue Chip ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BCHP#BATS">BCHP</a>) and iShares U.S. Financial Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>).
Price Action: MA shares are up 0.78% at $508.83 at the last check Tuesday.
Read Next:
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</ul>
Photo via Shutterstock.

Analyst Color

Downgrades

Price Target

Analyst Ratings

Trading Ideas

BCHP

Mastercard Is Fairly Valued And Lacks An Identifiable Catalyst; Analyst Downgrades Stock

Seaport analyst Jeff Cantwell upgraded Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) to Buy from <a target="_blank" href="https://www.benzinga.com/quote/V/analyst-ratings" rel="noreferrer noopener">Neutral with a price target of $359</a>.
The analyst raised forecasts for the company, which are above consensus for both 2025 and 2026.
Also, for this year, the analyst prefers Visa on a relative basis over Mastercard, primarily due to Visa&#8217;s more significant U.S. exposure.
The analyst projects stronger service/data processing revenue for 2025 and 2026, driven by a firming U.S. economy in the second half of this year.
Cantwell also boosted the Other Revenue estimates, expecting higher demand for value-added services (VAS) from Visa&#8217;s clients.
The analyst anticipates double-digit revenue growth for Visa in 2025 and 2026, with 13% EPS growth in both years.
The upcoming Investor Day in February is also seen as a positive catalyst for investors, adds the analyst.
Overall, in a macro environment expected to be somewhat turbulent in 2025, the analyst views Visa as a steady earnings compounder with upside potential compared to consensus estimates.
Investors can gain exposure to the stock via iShares U.S. Financial Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>) and SPDR Select Sector Fund &#8211; Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>).
Price Target: V shares are up 0.87% at $309.58 at the last check Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/25/01/42971921/mastercard-vs-visa-bearish-trends-bullish-hopes" target="_blank" rel="noreferrer noopener">Mastercard Vs. Visa: Technical Challenges Ahead Of Earnings Showdown</a></li>
</ul>
Photo by In Green via Shutterstock.

Upgrades

This Analyst Prefers Visa Over Mastercard In 2025 - Here's Why

Analysts expressed views on Mastercard Incorporated&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) following its <a target="_blank" href="https://www.benzinga.com/quote/ma/analyst-ratings" rel="noreferrer noopener">investor day event this week</a>.
The company anticipates a compound annual growth rate (CAGR) in the mid-teens for EPS over the next three years, down from its prior expectation of <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">low-20s growth for 2022-2024</a>.
BMO Capital Markets analyst Rufus Hone raised the price target to $565 from $550 and reaffirmed the Outperform rating.
The analyst writes that Mastercard outlined its 2025-2027E financial targets, addressing concerns about consumer payment growth potential, commercial payment acceleration, and the sustainability of VAS growth, with its market share in VAS under 7%.
The analyst views the targets as conservative, suggesting a 2-3 percentage point deceleration in payment network revenue growth by 2027E, down from ~10% year-over year growth this year.
Hence, the analyst revised the EPS estimates downward by -2% for 2025E and -1% for 2026E, reflecting slightly higher investment spending.
Goldman Sachs analyst Will Nance says that they believe Mastercard&#8217;s message will be well-received, as the company reaffirmed its commitment to mid-teens EPS growth over time and double-digit net revenue growth.
From a stock performance perspective, the modest underperformance appears to be a result of strong year-to-date performance and the realization of some tax-related headwinds for 2025, as discussed during earnings, adds the analyst.
However, looking past these factors, the analyst continues to view Mastercard as a core holding for long-term investors, offering a compelling combination of strong competitive advantages and capital-efficient earnings growth.
The analyst revised the EPS estimates for 2025 and 2026 from $14.49 to $15.82 and $18.29 to $18.23, respectively. Also, the analyst introduced the 2027 EPS estimate of $20.91.
RBC Capital Markets analyst Daniel R. Perlin reiterated the Outperform rating with a price target of $572.
The analyst writes that Mastercard delivered a well-executed investor day, emphasizing that the secular shift in the industry still has substantial room for growth.
The company highlighted the importance of Value-Added Services (VAS) as a key differentiator, playing a pivotal role in driving its virtuous cycle, adds the analyst.
Perlin says that Mastercard also stressed that data assets are crucial in an AI-driven world and pointed out significant commercial opportunities on the horizon.
JP Morgan analyst Tien-tsin Huang maintains an Overweight rating and says that Investment Community Meeting reinforced its position as a core holding in payments, with a focus on capturing a large market through new capabilities and channels, driving transaction growth and share gains.
The medium-term outlook suggests stable premium growth and mid-teens EPS growth, adds the analyst.
The analyst writes that if execution remains strong, Mastercard is well-positioned to deliver double-digit growth with 55%+ margins.
Investors can gain exposure to the stock via iShares U.S. Financial Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>) and&nbsp;BlackRock Long-Term U.S. Equity ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELT#NASDAQ">BELT</a>).
Price Action: MA shares are down 0.61% at $518.72 at the last check Thursday.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/24/11/41977961/mastercards-vision-no-more-passwords-or-card-numbers-by-2030" target="_blank" rel="noreferrer noopener">Mastercard&#8217;s 2030 Vision: A Future Without Passwords, Card Numbers</a></li>
</ul>

Reiteration

Mastercard's Path To Mid-Teens Growth: Analysts Weigh In After Investor Day

Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) shares are trading higher on Thursday after the company unveiled on Wednesday its vision to transform online shopping by 2030, aiming to eliminate the need for physical card numbers, passwords, and one-time codes to <a href="https://www.benzinga.com/pressreleases/24/11/b41952965/mastercard-reinvents-checkout-with-password-and-number-free-payments">streamline the checkout experience.</a>
By 2030, Mastercard plans to eliminate manual card entry and static passwords, using tokenization and biometric authentication for secure, seamless online checkout.
Tokenization, introduced a decade ago to safeguard sensitive data, will be integrated with biometric authentication to ensure that every online transaction across Mastercard&#8217;s network is both tokenized and authenticated, enhancing both convenience and security.
This transformation is already underway in major markets and is expected to become widespread in the near future.
Notably, over 30% of Mastercard transactions globally are currently tokenized through Mastercard Digital Enablement Service (MDES), with markets like India approaching 100% tokenization for e-commerce.
Jorn Lambert, chief product officer at Mastercard, said, &#8220;Just like the transition from signing and swiping to tapping cards, we&#8217;re now moving from manual entry and passwords to seamless and secure payments in just a few clicks. With this shift we are protecting sensitive data through advanced encryption and tokenization technologies,&#8221;
&#8220;As payments continue to be embedded across a range of commerce experiences, we&#8217;re leading the way to a global economy that empowers everyone – providing consumers with greater control, convenience and peace-of-mind while unlocking new sales for merchants, and lowering fraud for issuers,&#8221; he added.
On Wednesday, Mastercard stated that it expects slower net revenue growth, projecting &#8220;low-double-digits&#8221; CAGR for 2025-2027, down <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41948028/mastercard-lowers-financial-forecast-signals-slower-eps-revenue-growth-ahead" target="_blank" rel="noreferrer noopener">from prior high-teens forecast</a>.
The company anticipates mid-teens EPS growth over the next three years, lowering expectations from earlier low-20s guidance.
Investors can gain exposure to the stock via&nbsp;iShares U.S. Financial Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>) and&nbsp;BlackRock Long-Term U.S. Equity ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELT#NASDAQ">BELT</a>).
Price Action: MA shares were down 0.09% at $521.39 at last check Thursday.
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</ul>
Photo: Shutterstock

Tech

Mastercard's 2030 Vision: A Future Without Passwords, Card Numbers

JP Morgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) shares are trading lower on Thursday. J.P. Morgan Real Estate Income Trust, Inc. disclosed the acquisition of a two-site, three-building logistics and storage portfolio in Tampa and Pinellas Park, Florida, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41808716/j-p-morgan-real-estate-income-trust-inc-acquires-infill-logistics-and-storage-portfolio-in-florida" rel="noreferrer noopener">for $25.8 million, excluding closing costs</a>.
This investment enables JPMREIT to acquire infill logistics facilities in one of the fastest-growing U.S. metro areas.
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The portfolio, totaling 154,490 square feet, located in densely populated regions near major highways, is strategically positioned to meet the rising demand for both business and personal storage.
Doug Schwartz, Co-President of JPMREIT, said,&nbsp;&#8220;With infill industrial assets experiencing healthy fundamentals and long-term demand tailwinds, this sector remains a high-conviction theme for JPMREIT.&#8221;
&#8221;This acquisition not only strengthens our portfolio but also aligns with our strategy to invest in high-growth regions.&#8221;
Read: <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/11/41685913/jpmorgan-to-pay-investors-151-million-after-sec-flags-various-law-violations" rel="noreferrer noopener">JPMorgan To Lay Out $151 Million In Penalties, Investor Payments After SEC Flags &#8216;Various Law Violations&#8217;</a>
Last month, JPMorgan reported third-quarter revenue of $42.65 billion, up 7%, beating estimates and a net income of <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41289783/jpmorgan-chase-q3-earnings-investment-banking-revenue-soars-29-raises-fy24-net-interest-income-outl" rel="noreferrer noopener">$12.9 billion and EPS of $4.37</a>.
Also, the bank recently launched a new initiative called&nbsp;J.P. Morgan Private Client <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/10/41388106/jpmorgan-launches-private-client-tier-to-attract-affluent-customers" rel="noreferrer noopener">to attract and&nbsp;serve affluent clients</a>.&nbsp;&nbsp;
The&nbsp;new offering&nbsp;sits between the existing&nbsp;Chase Private Client&nbsp;tier for customers with more than $150,000 and&nbsp;J.P. Morgan Private Bank&nbsp;for clients with more than $5 million in assets.
Investors can gain exposure to the stock via&nbsp;IShares U.S. Financial Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>) and&nbsp;SPDR Select Sector Fund – Financial&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>).
Price Action: JPM shares are down 3.79% at $237.70 at the last check Thursday.
Image via Shutterstock
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JP Morgan's Real Estate Arm Targets High-Demand Florida Market With $25.8M Acquisition

Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) shares are trading higher on Wednesday thanks to strong fourth-quarter results reported yesterday. Also, the company disclosed a partnership with Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).
This collaboration will offer Coinbase users in the U.S. and EU enhanced convenience and services, including secure, real-time fund transfers. Eligible Visa debit cardholders can now make instant deposits into their <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41614193/coinbase-to-integrate-visa-direct-to-deliver-real-time-account-funding-for-customers" rel="noreferrer noopener">Coinbase accounts through Visa Direct integration.</a>
Notably, Visa Direct provides fast and secure transactions, helping to bridge traditional finance with blockchain by reducing wait times for fund availability.
Yanilsa Gonzalez Ore, Head of Visa Direct, North America for Visa, stated, &#8220;Providing real-time account funding using Visa Direct and an eligible Visa debit card means that those Coinbase users with an eligible Visa debit card know that they can take advantage of trading opportunities day and night.&#8221;
Akash Shah, Senior Director, Product Management at Coinbase, stated, &#8220;The integration with Visa Direct gives our eligible customers real-time1&nbsp;access to their funds for trading. By enabling them to move money seamlessly and control their finances, we are delivering the trust, security, and flexibility they expect.&#8221;
On Tuesday, Visa reported an adjusted EPS&nbsp;of $2.71, which beat the analyst consensus estimate of&nbsp;$2.58, and a revenue of $9.6 billion, which <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41611709/visa-reports-better-than-expected-q4-results-details" rel="noreferrer noopener">exceeded the forecast of&nbsp;$9.49 billion</a>.
The results was driven by the year-over-year growth in payments volume, cross-border volume, and processed transactions.
Visa projects high single-digit net revenue growth for the first quarter of 2025 and high single to <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">low double-digit growth for FY25</a>.
Investors can gain access to the stock via&nbsp;iShares U.S. Financial Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>) and&nbsp;SPDR Select Sector Fund – Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>).
Price Action: V shares are up 3.41% at $291.48 at the last check Wednesday.
Image from Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41525832/visa-teams-up-with-usaid-to-boost-digital-government-platforms-in-sub-saharan-africa-and-beyond" target="_blank" rel="noreferrer noopener">Visa Teams Up With USAID To Boost Digital Government Platforms In Sub-Saharan Africa And Beyond</a></li>
</ul>

COIN

Visa & Coinbase Partner For Real-Time Transfers, Boosting Speed And Flexibility For Traders

Visa Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) disclosed a collaboration with the United States Agency for International Development (USAID) to enhance global access to open, secure, and <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41516907/visa-and-usaid-are-working-together-to-drive-inclusive-digital-government-ecosystems-and-payment-d" rel="noreferrer noopener">inclusive digital government systems</a>.
Visa and USAID have committed to a five-year collaboration to help governments develop and adopt digital platforms that connect citizens to local government services.
This partnership aims to foster economic development by leveraging expertise in digital payments and government systems, while supporting constituents and small-to-medium enterprises in select markets.
Visa and USAID collaborate to develop and implement digital government systems that enable secure and convenient access to government services and digital payments.
The initial focus will be on Sub-Saharan Africa, Latin America and the Caribbean, and the Caucasus, with potential expansion to other regions over time.
Their joint efforts include collaborating with Ukraine&#8217;s Ministry of Digital Transformation on the Diia app, connecting 19 million citizens with 120+ government services.
Visa Foundation also co-founded the Climate Gender Equity Fund (CGEF) with USAID, supporting 1.4 million gender-equitable, climate-smart businesses globally.
Chris Newkirk, Global Head of New Flows – Commercial &amp; Money Movement Solutions, said, &#8220;Digital government systems can help enhance transparency and efficiency between communities and governments, fostering a more favorable environment for entrepreneurs and economic development.&#8221;
&#8220;Through shared interests and goals, Visa and USAID will empower communities with digital and financial literacy and support access to digital systems that will help drive financial inclusion for everyone, everywhere.&#8221;
Investors can gain access to the stock via&nbsp;iShares U.S. Financial Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>) and&nbsp;SPDR Select Sector Fund – Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>).
Price Action: V shares are down 0.24% at $283.07 at the last check Thursday.
Photo via Shutterstock
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Visa Teams Up With USAID To Boost Digital Government Platforms In Sub-Saharan Africa And Beyond

Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) launched Mastercard Move Commercial Payments, a solution designed to enable banks to offer near real-time, transparent, and predictable <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41419664/mastercard-transforms-cross-border-payments-for-banks-with-industry-first-innovation" rel="noreferrer noopener">commercial cross-border payments</a>.
Unveiled at the Sibos conference in Beijing, the product aims to simplify operations, optimize liquidity, and reduce counterparty risk for banks and their clients.
With cross-border payments growing rapidly, Mastercard Move addresses key challenges such as slow transactions and lack of pricing transparency, offering an innovative approach to enhance the commercial payments landscape.
In a U.K. pilot with Lloyds Banking Group and UBS, using Fnality as the settlement venue, Mastercard Move Commercial Payments is facilitating near real-time, 24/7 cross-border transfers.
This solution is part of the broader Mastercard Move portfolio, which offers fast and secure money transfer services for individuals and businesses, both domestically and internationally.
Alan Marquard, Head of Transfer Solutions at Mastercard, said,&nbsp;&#8220;By powering fast, predictable and transparent payments, Mastercard Move Commercial Payments will bring what is already the norm in domestic payments to the commercial cross-border payment space.&#8221;
&#8220;Our latest product innovation aims to directly address the pain points that are currently affecting the commercial cross-border payments market. By shifting to this new model, they will be empowered to generate new revenue streams while reducing risk and enhancing the offering for their corporate customers.&#8221;
This month, Mastercard launched same-day card payments in South Africa, boosting <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41254052/mastercard-brings-same-day-payouts-to-south-african-merchants-details" rel="noreferrer noopener">merchant cash flow and liquidity</a>.
Investors can gain exposure to the stock via iShares U.S. Financial Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>) and&nbsp;BlackRock Long-Term U.S. Equity ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELT#NASDAQ">BELT</a>).
Price Action:  MA shares are up 0.03% at $516.52 premarket at the last check Monday.
Photo via Shutterstock
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Legal

Mastercard Pushes Boundaries With Move Commercial Payments: Details

Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) shares are trading higher on Thursday. On Wednesday, the company partnered with Analytic Partners to help merchants and brands optimize advertising returns <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41354729/visa-and-analytic-partners-announce-multi-year-deal-to-transform-commercial-analytics-for-merchant" rel="noreferrer noopener">using AI-driven data analytics</a>.
The collaboration combines Visa&#8217;s consumer spending insights with Analytic Partners&#8217; platform to provide actionable, real-time marketing optimization, addressing the challenge of fragmented data and enhancing business decision-making.
The partnership will initially focus on the U.S., with plans for global expansion. Visa and Analytic Partners have made exclusivity commitments for marketing spend optimization services.
They also aim to develop enhanced analytics solutions to help merchants and brands turn insights into measurable business growth.
Jeni Mundy, Global Head of Merchant Sales &amp; Acquiring, Visa, said, &#8220;The volume of data available to merchants can be overwhelming, and if they don&#8217;t get it just right, it&#8217;s a missed opportunity for growth.&#8221;
&#8220;Bringing together our scale and insights with Analytic Partners&#8217; deep expertise in Commercial Analytics, we&#8217;ll enable our clients to achieve greater success in their lines of business.&#8221;
&#8220;Commercial Analytics helps merchants and brands understand which consumer and commercial levers to pull, so they can drive more actionable opportunities for growth. This can ultimately improve their ability to deepen customer loyalty and attract new customers,&#8221; said Nancy Smith, CEO of Analytic Partners.
&#8220;Visa&#8217;s global footprint, deep understanding of consumer spending and commitment to responsible innovation make them a great partner in revolutionizing commercial intelligence for merchants and brands around the world.&#8221;
Last month, Visa acquired AI fraud detection firm Featurespace for an undisclosed amount, boosting real-time<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/41048142/visa-takes-on-financial-crime-acquires-ai-fraud-specialist-featurespace-strengthening-payment-se" rel="noreferrer noopener"> payments protection capabilities</a>.
The deal, expected to close in FY 2025, strengthens Visa&#8217;s commitment to enhancing network security through AI.
Investors can gain access to the stock via&nbsp;iShares U.S. Financial Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>) and&nbsp;SPDR Select Sector Fund – Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>).
Price Action: V shares are up 0.67% at $289.47 at the last check Thursday.
Image: Shutterstock/ Tony Stock
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</ul>

Visa Partners With Analytic Partners To Unlock Smarter Marketing For US Merchants

JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) shares are trading higher premarket after it reported&nbsp;<a target="_blank" href="https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2024/3rd-quarter/66269bb6-ecc5-4172-b461-6b7e7cd47aab.pdf" rel="noreferrer noopener">third-quarter FY24 results</a>.
Reported revenue&nbsp;rose 7%&nbsp;year-on-year to&nbsp;$42.654 billion, beating the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41288439/jpmorganchase-reports-third-quarter-2024-financial-results" rel="noreferrer noopener">consensus of&nbsp;$41.649 billion</a>. Net revenue (managed) stood at&nbsp;$43.3 billion (+6% Y/Y) in the quarter.
Consumer &amp; Community Banking (CCB) revenue declined 3% Y/Y to&nbsp;$17.791 billion, and Commercial &amp; Investment Banking was&nbsp;$17.015 billion (+8%&nbsp;Y/Y) in the quarter.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41278311/jpmorgan-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call" rel="noreferrer noopener">JPMorgan Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>
Investment Banking revenue was&nbsp;$2.4 billion, up&nbsp;29%. Investment Banking fees rose 31% year over year, led by higher fees across all products.
Asset and Wealth Management (AWM) revenue was&nbsp;$5.4 billion (+9% Y/Y), and Corporate revenue stood at&nbsp;$3.07 billion (+97% Y/Y) in the quarter.
In AWM,&nbsp;Assets under management (AUM) stood at&nbsp;$3.9 trillion, and, client assets stood at&nbsp;$5.7 trillion (up 23%), driven by higher market levels and continued net inflows.
Net interest income increased by 3% Y/Y to $23.5 billion and&nbsp;+1% Y/Y, excluding Markets. Noninterest revenue was&nbsp;$19.8 billion, up&nbsp;11% Y/Y, in the quarter.
Noninterest revenue, excluding Markets, rose 17% to $12.7 billion, fueled by lower net investment securities losses, higher asset management fees in AWM and CCB, and increased investment banking fees.
Noninterest expense increased 4% to $22.6 billion, mainly due to higher compensation and employee growth. Average loans rose&nbsp;1% Y/Y and Q/Q; average deposits were up 1% Y/Y and Q/Q.
In CCB, Debit and credit card sales volume increased by&nbsp;6% year over year, and active mobile customers were up&nbsp;7% year over year.&nbsp;In CIB, Market revenue rose&nbsp;8%&nbsp;year over year, with Fixed Income Markets flat year over year and Equity Markets up&nbsp;27%&nbsp;year over year in the quarter.
JPM's provision for credit losses was&nbsp;$3.11 billion (+125% Y/Y), including net charge-offs of&nbsp;$2.1 billion and a net reserve build of $1.0 billion.&nbsp;
Net income fell 2%&nbsp;Y/Y to&nbsp;$12.90 billion in the quarter. EPS of&nbsp;$4.37, exceeding&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">the consensus of&nbsp;$4.00</a>.
The CET1 capital ratio stood at&nbsp;15.3%, and the advanced CET1 capital ratio was&nbsp;15.5%. The bank disclosed a dividend per share of $1.25 and a share repurchase of $6.0 billion.
<a target="_blank" href="https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2024/3rd-quarter/af682bd9-14a5-406e-94d4-a7b4c5bed345.pdf" rel="noreferrer noopener">Outlook</a>: JPMorgan now expects FY24 net interest income,&nbsp;excluding Markets, of ~$92.5 billion <a target="_blank" href="https://www.benzinga.com//node/39747860" rel="noreferrer noopener">(up from ~$91 billion earlier)</a>. The bank continues to project card&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">services NCO rate of ~3.40%.</a>
Jamie Dimon, Chairman and CEO, said, "We await our regulators' new rules on the Basel III endgame and the G-SIB surcharge as well as any adjustments to the SCB or CCAR&#8230;Regardless of the outcome of these rules, we have an extraordinarily strong balance sheet, evidenced by total loss-absorbing capacity of $544 billion plus cash and marketable securities of $1.5 trillion, while our riskiest assets, loans, total $1.3 trillion."
"On share repurchases, given that market levels are at least slightly inflated, we maintain our modest pace of buybacks, although we reserve the right to adjust this at any time."
"We have been closely monitoring the geopolitical situation for some time, and recent events show that conditions are treacherous and getting worse."
"Additionally, while inflation is slowing and the U.S. economy remains resilient, several critical issues remain, including large fiscal deficits, infrastructure needs, restructuring of trade and remilitarization of the world."
Investors can gain exposure to the stock via&nbsp;IShares U.S. Financial Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>) and&nbsp;SPDR Select Sector Fund – Financial&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>).
Price Action: JPM shares are up 1.39% at $215.79 premarket at the last check Friday.
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Photo by Katherine Welles on Shutterstock

Dividends

Buybacks

JPMorgan Chase Q3 Earnings: Investment Banking Revenue Soars 29%, Largest Bank Raises Net Interest Income Outlook

Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) shares are trading slightly higher today. On Tuesday, the company announced that South Africa will be the first market globally to benefit from<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41234894/mastercard-accelerates-the-path-toward-real-time-card-payments" rel="noreferrer noopener"> immediate Mastercard card payments</a>.
The company will introduce new standards and solutions to accelerate card transaction processing, enabling same-day payouts for South African merchants through real-time clearing and more frequent settlements.
This initiative supports economic growth and will extend to global banks, allowing real-time card payments for consumers, improving transaction speed and fund visibility.
Also, this move will support the South African Reserve Bank&#8217;s National Payments System Strategy Vision 2025, focusing on financial inclusion.
Gabriel Swanepoel, Southern Africa Country Manager, Mastercard, said, &nbsp;&#8220;By enhancing processing standards and delivering faster clearing and settlement, we aim to support small businesses with better cash flow and enable acquirers to manage liquidity more effectively.&#8221;
Mastercard is partnering with global payments technology provider ACI Worldwide to realize its vision of real-time card payments. Through this collaboration, Mastercard will enable acquirers in South Africa to swiftly and seamlessly adopt real-time transaction processing standards.
&#8220;We share Mastercard&#8217;s commitment to leveraging technology to empower the South African market with an advanced and inclusive payments system. This initiative will ultimately improve liquidity and enable faster access to funds, delivering more seamless payments experiences for local customers and businesses,&#8221; stated Bill Farris, Head of Issuing &amp; Acquiring, ACI Worldwide.
In another development, Cantaloupe, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTLP#NASDAQ">CTLP</a>) revealed the launch of&nbsp;its Advantage program. This program allows brands to engage with consumers through digital advertising on Cantaloupe&#8217;s point-of-sale (POS) touchscreen devices across the U.S. and Canada. The program&#8217;s <a target="_blank" href="https://www.benzinga.com//node/41248663" rel="noreferrer noopener">first collaborative campaign is with&nbsp;Mastercard</a><a target="_blank" href="https://www.benzinga.com//node/41248663" rel="noreferrer noopener">.</a>
Investors can gain exposure to the stock via iShares U.S. Financial Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>) and&nbsp;BlackRock Long-Term U.S. Equity ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELT#NASDAQ">BELT</a>).
Price Action: MA shares are up 0.36% at $498.83 at the last check Wednesday.
Photo via Shutterstock
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</ul>

CTLP

Mastercard Brings Same-Day Payouts To South African Merchants: Details

JPMorgan Chase &amp; Co.&#8216;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) J.P. Morgan Asset Management penned a deal to enhance its Morgan Money offering through a strategic partnership with GLMX,<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41229723/j-p-morgan-asset-management-enhances-morgan-money-with-expanded-access-to-diverse-asset-classes" rel="noreferrer noopener"> a global money market trading platform</a>.
Morgan Money is a global trading platform that provides effective short-term investment management solutions tailored for institutional investors.
With $313 billion in assets under management as of June 30, 2024, the platform facilitates efficient liquidity and cash investment management, allowing clients to maximize outcomes with fewer resources.
This collaboration allows clients to access GLMX&#8217;s advanced trading technology directly, broadening their short-term investment options.
The integration offers a comprehensive suite of money market instruments, including money market funds, repurchase agreements, time deposits, CDs, commercial paper, and government securities.
Glenn Havlicek, CEO and Co-founder of GLMX, said, &#8220;This collaboration with J.P. Morgan Asset Management is a result of investors&#8217; desire to access the entire investable universe of short-term instruments with a seamless experience.&#8221;
&#8220;We bring GLMX&#8217;s&nbsp;$3 trillion&nbsp;ecosystem to J.P. Morgan&#8217;s client base as we seek to collaborate with industry leaders to provide innovative and easily accessible solutions for our collective clients.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41185532/jp-morgan-takes-stake-in-australian-casino-operator-star-entertainment-details" rel="noreferrer noopener">JP Morgan Takes Stake In Australian Casino Operator Star Entertainment: Details</a>
Last week, J.P. Morgan expanded its Canadian business with the launch of two active ETFs <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41144035/j-p-morgan-launches-new-etfs-plans-to-add-jobs-in-canada" rel="noreferrer noopener">on the Toronto Stock Exchange</a>.
Investors can gain access to the stock via&nbsp;iShares U.S. Financial Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>) and&nbsp;SPDR Select Sector Fund – Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>).
Price Action: JPM shares are down 0.07% at $210.78 at the last check Tuesday.
Image via Shutterstock
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41223849/pepsico-jpmorgan-and-wells-fargo-to-kick-off-earnings-season-as-investors-eye-s-p-5" target="_blank" rel="noreferrer noopener">PepsiCo, JPMorgan And Wells Fargo To Kick Off Earnings Season As Investors Eye S&amp;P 500 Near Record Highs: Interest Rates And Inflation In Focus</a></li>
</ul>

J.P. Morgan Teams Up With GLMX To Supercharge Short-Term Investment Options

JP Morgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) shares are trading higher on Friday. On October 1, 2024, the company became a substantial shareholder in The Star Entertainment Group Limited, acquiring <a target="_blank" href="https://www.starentertainmentgroup.com.au/wp-content/uploads/2024/10/03-OCT-2024-ASX-Announcement-Notification-of-Substantial-Shareholding.pdf" rel="noreferrer noopener">156.99 million </a>ordinary shares, representing 5.47% voting power.
Star Entertainment is an Australian casino operator. The company has been in troubled waters due to liquidity issues, and shares dipped by 66% in 2023, reported Reuters.
Star Entertainment owns and operates The Star Sydney, The Star Gold Coast and Treasury Brisbane. It also manages the Gold Coast Convention and Exhibition Centre on behalf of the Queensland Government.
This week, JP Morgan expanded its Canadian business by launching two active ETFs on the Toronto Stock Exchange. The new ETFs target income-focused Canadian investors, <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41144035/j-p-morgan-launches-new-etfs-plans-to-add-jobs-in-canada" rel="noreferrer noopener">offering capital appreciation and steady income</a>.
Along with this, JP Morgan planned to expand its asset management business in Canada, expecting to add up to 20 jobs over the next 18 months.
Investors can gain access to the stock via&nbsp;iShares U.S. Financial Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>) and&nbsp;SPDR Select Sector Fund – Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>).
Price Action: JPM shares are up 1.73% at $208.78 at the last check Friday.
Photo by Katherine Welles on Shutterstock
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</ul>

Media

JP Morgan Takes Stake In Australian Casino Operator Star Entertainment: Details

JP Morgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) shares are trading marginally higher on Wednesday. On Tuesday, J.P. Morgan Asset Management disclosed the expansion of its <a target="_blank" href="https://www.newswire.ca/news-releases/j-p-morgan-asset-management-launches-first-etfs-in-canada-828827983.html" rel="noreferrer noopener">Canadian </a>business with the launch of two active ETFs.
This launch strengthens JPMAM&#8217;s presence in Canada and provides increased access to global investment strategies through financial advisors.
Starting October 1, 2024, Canadian investors can access the JPMorgan US Equity Premium Income Active ETF (TSX:<a class="ticker" href="https://www.benzinga.com/stock/JEPI#TSX">JEPI</a>) and the JPMorgan Nasdaq Equity Premium Income Active ETF (TSX:<a class="ticker" href="https://www.benzinga.com/stock/JEPQ#TSX">JEPQ</a>) on the Toronto Stock Exchange.
In line with JPMAM&#8217;s strategy, the two ETFs target equities for potential capital appreciation and steady income, appealing to income-focused Canadian investors.
Travis Hughes, Head of&nbsp;Canada, J.P. Morgan Asset Management, said, &#8220;The introduction of the J.P. Morgan ETFs in&nbsp;Canada&nbsp;is an important advancement of our&nbsp;Canada&nbsp;market strategy, with these offerings representing the first of a broad suite of active ETF solutions we plan to deliver over time.&#8221;
&#8220;As home to the first ETF,&nbsp;Canada&nbsp;is an ideal market for these offerings. The listing of JEPI and JEPQ is a significant milestone for JPMAM as it brings focus to both the firm&#8217;s success as an active manager and the breadth and depth of its global products.&#8221;
Along with this launch, JP Morgan plans to expand its asset management business in Canada, expecting to add up to 20 jobs over the next 18 months, reported Reuters.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40962425/jp-morgan-targets-uk-with-fresh-credit-card-offering-report" rel="noreferrer noopener">JP Morgan Targets UK With Fresh Credit Card Offering: Report</a>
Investors can gain access to the stock via&nbsp;iShares U.S. Financial Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>) and&nbsp;SPDR Select Sector Fund – Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>).
Price Action: JPM shares are up 0.14% at $207.33 at the last check Wednesday.
Photo by Katherine Welles on Shutterstock
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</ul>

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BENZINGA NEL MONDO