MasterCard’s stock rallies nearly 50% this year, boosted by strong consumers

The world’s second-largest payment processor is approaching a decade-long run for the company’s stock. Shares of MasterCard are getting a boost, as U.S. consumers embrace the secular shift from cash to card, and more recently card to digital. MasterCard’s stock is up 46% this year, compared to the S&P 500 which is up about 20%. Even more remarkable, the financial company’s stock is up more than 1120% since the start of 2019.

Source: https://www.cnbc.com/2019/09/21/mastercards-stock-rallies-nearly-50percent-boosted-by-strong-consumers.html

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