Key takeaways
- Mastercard’s
numbers were stronger than anyone was expecting for Q4 2022
MA
- The company has an optimistic outlook for 2023, predicting that consumer spending will stay strong thanks to a solid American labor market
- Investors don’t appear to be buying the optimism, as concerns of a future recession have largely proliferated among the American public
Mastercard released some great numbers in its Q4 2022 earnings report, and executives shared a rosy view of the future. However, stocks tumbled after last week’s earnings call and haven’t been on an upward trajectory since.
Investors seem to be questioning the future Mastercard execs are predicting. While the company projects that consumer spending will be strong in the near future, there is some concern that, in actuality, these numbers will go down in the coming months as the Fed continues its rate hikes and potentially endangers the job market.
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