Mastercard Inc., the world's largest credit card company, has posted impressive financial results for the first half of 2024. The company's net profit increased by 20.4% year-on-year, reaching $6.269 billion, and diluted earnings per share increased by 22.8% to $6.72. Total revenue for January-June amounted to $13.309 billion, which is 10.8% more than last year. Positive trends continued in the second quarter: net income increased by 14.5% to $3.258 billion, and diluted earnings per share increased by 16.7% to $3.5. Revenue for this period amounted to $6.961 billion, exceeding analysts' forecasts, which expected $6.85 billion. Mastercard's success, according to the company's CEO Michael Mibach, is due to healthy consumer spending, steady growth in cross-border payments and demand for additional services of the company. Mastercard shares rose 3% in preliminary trading in the United States, indicating investor confidence in the company's future. As of June 30, 2024, Mastercard Inc. has issued 3.4 billion Mastercard and Maestro cards.
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