Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.
Shares of MasterCard are up about 46% this year, getting a boost from the strong U.S. consumer.
The world's second-largest payment processor is approaching a decade-long run for the company's stock.are getting a boost, as U.S. consumers embrace the secular shift from cash to card, and more recently card to digital.which is up about 20%. Even more remarkable, the financial company's stock is up more than 1120% since the start of 2011, while the broader market has only rallied about 140% since then.
"In the near-term, consumer spend trends appear healthy, with MA's results through August resembling much of what we saw in 2Q," said Morgan Stanley's equity analyst James Faucette in a note to clients.
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