1. Visa and Mastercard settle ATM fee lawsuit for $167.5 million. 2. Visa pays $88.8 million; Mastercard contributes $78.7 million. 3. Settlement affects millions who incurred unreimbursed ATM access fees. 4. Claims allege collusion to keep ATM fees artificially inflated. 5. Visa faces additional antitrust lawsuits amid ongoing legal challenges.
FAQ
Why Bearish?
The settlement creates a significant financial liability for Mastercard, impacting earnings. Previous larger settlements have negatively influenced stock performance.
How important is it?
The lawsuit's direct financial impact and ongoing legal issues influence market perceptions of Mastercard significantly.
Why Short Term?
Immediate financial implications could affect quarterly results, influencing investor sentiment quickly. Historical settlements often lead to short-term stock depressions.