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Mastercard Stock Edges Higher As Spending Surge Drives Q2 Earnings Beat

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By Martin Baccardax “Increasing inflationary pressures have yet to significantly impact overall consumer spending but we will continue to monitor this closely,” said CEO Michael Miebach. Mastercard Inc. (MA) – Get Mastercard Incorporated Report posted better-than-expected second quarter earnings Thursday, following similar strength from card rival Visa (V) – Get Visa Inc. Report, as consumer and travel spending continued to power higher despite ongoing concerns over the health of the domestic economy. Mastercard said diluted earnings for the three months ending in June were pegged at $2.56 per…

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