Payments Industry Stock Price Tracker

Navigator Edition: October 2013
By: Collin Bauer

Figure 1 is the Payments Industry Stock Price Tracker for October 2013. The table measures current stock prices and market capitalization, as well as movement over the last month, and year-to-date. Building on September’s positive momentum, the companies that First Annapolis monitors across the payments value chain again experienced positive results in October, and each sector is exceeding the broader market’s 23% YTD increase.

In summary:

The issuing sector slightly underperformed the overall market in October, but still posted gains of 2% in aggregate. The gains in this sector were largely driven by American Express, which posted a 9% increase in October after reporting strong third quarter earnings. Also driven by strong quarterly earnings, FleetCor posted a 5% increase this month and is up 115% year-to-date. Stocks for the three largest issuers – Chase, Bank of America, and Citi- remained fairly stagnant in October and trailed the overall market by a few percent.

The processor/ acquirer sector posted positive results last month, with overall increases of 5% while outperforming the market as a whole. Global Payments outperformed others in this segment over the last month, gaining 16% after reporting positive third quarter results. Additionally, FIS and Fiserv, the two largest companies in this sector, posted gains of 5% and 4% respectively in October.

In aggregate, MasterCard and Visa were up 4% in October, and 37% YTD. Similar to other companies tracked this month, stock prices for both networks were largely driven by strong quarterly results reported at the end of October.

Figure 1: Monthly Average Stock Price Tracker
Note: Weighted Averages are based on current market caps.
Source: Yahoo Finance, First Annapolis Consulting research and analysis.

For more information, please contact Collin Bauer, Senior Analyst specializing in Credit Card Issuing,

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