Sign in

    Fahed Kunwar

    Research Analyst at Redburn Atlantic

    Fahed Kunwar is an equity analyst at Redburn Atlantic, specializing in coverage across the US, UK, and French financial sectors, with a particular focus on major companies such as Mastercard, PayPal, and NatWest Group. Over the past year, he has made 29 analyst ratings, with a success rate of approximately 29% and an average return of -6.2% according to TipRanks, reflecting a distribution of 51.7% Hold, 34.5% Buy, and 13.8% Sell recommendations. Kunwar has been with Redburn Atlantic since at least January 2024 and is based in London, bringing quantitative and qualitative expertise to his coverage universe. While specific securities licenses and professional registrations are not publicly detailed, his role and activity as an equity analyst at a major firm suggest regulatory compliance and sector-recognized credentials.

    Fahed Kunwar's questions to Mastercard (MA) leadership

    Fahed Kunwar's questions to Mastercard (MA) leadership • Q2 2025

    Question

    Fahed Kunwar asked about the relative contribution of pricing versus increased customer penetration to the growth in value-added services, and the remaining scope for pricing in services and core payments.

    Answer

    CFO Sachin Mehra emphasized that Mastercard's ability to price is fundamentally linked to the value it delivers. He asserted that as long as the company continues to innovate and provide valuable solutions, there will be future potential for pricing. He framed this not as a short-term tactic but as a long-term outcome of their continuous product and value creation strategy.

    Ask Fintool Equity Research AI

    Fahed Kunwar's questions to Mastercard (MA) leadership • Q3 2024

    Question

    Fahed Kunwar from Redburn Atlantic asked for more detail on Mastercard's pricing strategy, including where there is potential for further price increases across the product suite.

    Answer

    Chief Financial Officer Sachin Mehra reiterated that the company's philosophy is to invest in innovation, deliver value, and then price for that value. He emphasized that in a competitive market, they focus on 'net pricing,' which balances remuneration for investments against the need for rebates and incentives, resulting in what he described as minimal net pricing.

    Ask Fintool Equity Research AI

    Fahed Kunwar's questions to VISA (V) leadership

    Fahed Kunwar's questions to VISA (V) leadership • Q3 2025

    Question

    Fahed Kunwar of Redburn Atlantic asked about the long-term trend of client incentives as a percentage of revenue, noting a recent stabilization after a decade of increases and questioning if this marks an inflection point.

    Answer

    CFO Chris Suh responded that the company does not manage the business to a specific incentive ratio. He emphasized that the primary focus is on growing net revenue and volumes, with incentives being a flexible tool to achieve mutual goals with partners. He noted the level can vary based on the volume of renewals in any given year.

    Ask Fintool Equity Research AI

    Fahed Kunwar's questions to VISA (V) leadership • Q3 2025

    Question

    Fahed Kunwar of Redburn Atlantic asked about the long-term trend of client incentives as a percentage of revenue, noting a recent stabilization around 28% and questioning if this marks an inflection point toward flatter growth.

    Answer

    CFO Chris Suh responded that the company does not manage the business by targeting a specific incentive-to-revenue ratio. He emphasized that the focus is on growing net revenue and volumes in partnership with clients, and incentives are a tool to achieve those mutual goals. He noted the ratio can vary year-to-year based on the volume of renewals and expirations.

    Ask Fintool Equity Research AI

    Fahed Kunwar's questions to VISA (V) leadership • Q3 2025

    Question

    Fahed Kunwar of Redburn Atlantic noted that incentive growth as a percentage of revenue, after rising for a decade, has recently stabilized and asked if this marks a long-term inflection point.

    Answer

    CFO Chris Suh stated that the company does not manage the business to a specific incentive ratio. He emphasized that the primary focus is on growing net revenue and volumes, with incentives being a flexible tool to achieve mutual goals with partners. He noted the level can vary year-to-year based on the volume of renewals and did not signal a permanent inflection.

    Ask Fintool Equity Research AI

    Fahed Kunwar's questions to NatWest Group (NWG) leadership

    Fahed Kunwar's questions to NatWest Group (NWG) leadership • Q1 2024

    Question

    Fahed Kunwar of Redburn Atlantic asked about the outlook for average interest-earning assets. Given the positive momentum in mortgages, unsecured lending, and commercial loans, he questioned whether these assets are expected to grow from their current level throughout the rest of the year.

    Answer

    CFO Katie Murray confirmed that as new mortgage and commercial lending comes onto the books, the group's average interest-earning assets are expected to see some growth from current levels. She pointed to the quarterly data in the presentation, which shows relative stability in recent quarters but acknowledged that new loan growth should drive an increase going forward.

    Ask Fintool Equity Research AI