0901 ET - Mastercard is losing some of its tailwinds as consumer confidence fades, Monness Crespi Hardt analyst Gus Gala says, downgrading it to neutral from buy. The dynamics that have fueled demand for the financial sector are starting to abate, Gala says, and growing uncertainty puts the card issuer at higher risk because it already has a higher return on invested capital. Sagging travel demand reported by Delta Airlines, along with weakening international TSA checkpoint inbounds into the U.S., could also translate to lower earnings for Mastercard, he says. The analyst believes incremental uptake of value-added services or new flows could be slowed as businesses slow down their spending. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
April 09, 2025 09:01 ET (13:01 GMT)
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