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4-Traders Homepage  >  Equities  >  Nyse  >  Visa Inc    V

Delayed Quote. Delayed  - 09/27 03:40:06 pm
81.925 USD   +0.14%
09/26DJAppeals Court Tosses Antitrust Judgment Against American Express
09/23 VISA : Karp Capital Management Corp buys $2,585,606 stake in Visa In..
09/20 FINANCIAL SECTO : Lendingclub Corporation ,Bank of America Corporati..
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MasterCard says to appeal EU court fees ruling

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05/24/2012 | 04:02pm CEST

MasterCard said it plans to appeal against a decision by Europe's second-highest court to dismiss its legal challenge to an EU ban on its cross-border credit card fees.

The Luxembourg-based General Court upheld a 2007 decision by the European Commission that MasterCard's cross-border multilateral interchange fee (MIF) levied on retailers' credit and debit card transactions breached EU antitrust rules and had to be changed.

"It is our intention to appeal as soon as we've analysed the more than 60-page judgment," MasterCard President Javier Perez said in a statement on Thursday. "We will likely continue to discuss with the Commission what would be the best way forward."

For the time being, MasterCard will continue to apply reduced cross-border fees imposed since 2009 in a bid to avoid penalty payments for not complying with the 2007 decision, Perez said.

(Reporting by Foo Yun Chee, writing by Charlie Dunmore; editing by Rex Merrifield)

Stocks treated in this article : Mastercard Inc, Visa Inc.
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Financials ($)
Sales 2016 15 042 M
EBIT 2016 9 456 M
Net income 2016 6 156 M
Finance 2016 3 966 M
Yield 2016 0,69%
P/E ratio 2016 32,52
P/E ratio 2017 24,68
EV / Sales 2016 12,6x
EV / Sales 2017 10,5x
Capitalization 193 138 M
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Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 91,6 $
Spread / Average Target 12%
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Managers
NameTitle
Charles W. Scharf Chief Executive Officer & Director
Ryan McInerney President
Robert W. Matschullat Chairman
Vasant M. Prabhu Chief Financial Officer & Executive Vice President
Rajat Taneja Executive Vice President-Technology
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