Why Mastercard Stock Gained 19% in 2020

Mastercard (NYSE: MA) beat a booming market last year. The stock gained 19% in 2020 compared to the 16% increase logged by the S&P 500, according to data provided by S&P Global Market Intelligence.

Shares of the financial services giant dropped by 30% in concert with the wider market's March swoon. But the stock recovered all that lost ground and more in the months that followed.

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Source Fool.com