Payments Industry Stock Price Tracker

Navigator Edition: January 2014
By: Collin Bauer

Figure 1 is the Payments Industry Stock Price Tracker for December 2013. The table measures stock prices and market capitalization for the month of December and for 2013. The companies that First Annapolis monitors across the payments value chain experienced mixed results in December, but each sector exceeded the broader market’s 30% increase over the course of the year.

In summary:

In December, the issuing sector posted gains of 1% in aggregate and slightly trailed the overall market. While the majority of issuers tracked posted gains in December, downward pressure in the sector was mainly driven by two of the largest issuers – Bank of America and Citi. Conversely, Capital One and American Express posted gains of 7% and 6% respectively in December and outperformed all other issuers last month. FleetCor posted aggregated gains of 118% in 2013, outperforming the rest of the sector.

The processor / acquirer sector posted gains in December, with an overall increase of 7%. Heartland’s stock gained 11% and outperformed others in this segment over the last month; its stock price was up 70% in 2013. Additionally, Fiserv and FIS, the two largest companies in this sector, posted gains of 6% and 7% respectively in December. The processor / acquirer segment as a whole posted gains of 53% in 2013.

In aggregate, MasterCard and Visa were up 10% in December, and 57% in 2013. Stock prices for MasterCard and Visa rose 10% and 9% respectively last month and each network currently sits near its respective all-time high.

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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