“Why Mastercard Stock Climbed 58% in 2019”
January 13, 2020
“Shares of Mastercard (NYSE:MA) gained 58.3% last year, according to data provided by S&P Global Market Intelligence. That compares to a return of 28.9% for the S&P 500 index.
The payment processor continued to post stellar growth rates on the top and bottom line. Investors see a long runway of growth for Mastercard in the war on cash. The enthusiasm for the company’s prospects translated into a steadily increasing price-to-earnings (P/E) ratio for the shares as the year progressed…”
https://www.fool.com/investing/2020/01/12/why-mastercard-stock-climbed-58-in-2019.aspx