Mastercard's stock is up 11,000% since its IPO -2-

Maurer notes that, almost a decade ago, it became clear to him that Mastercard's foray into services meant its stock could trade at a premium to Visa's, a call that panned out for years. Then Mastercard got aggressive in winning European card deals that had been Visa's, which benefited its stock as well.

Raccontata damorningstar.com