Payments Industry Stock Price Tracker
Figure 1 is the Payments Industry Stock Price Tracker for September 2013. The chart measures current stock prices and market caps, as well as movement over the last month, and year-to-date. After a mixed August, the companies First Annapolis monitors across the payments value chain generated more positive results in September, and each sector is exceeding the broader market’s 18% gain YTD.
The issuing sector slightly underperformed the overall market in August, but still posted gains of 2% in aggregate. The issuers tracked posted a simple-average gain of 4% in September, but it was a relatively stagnant month for the three largest issuers- Chase, Bank of America, and Citi. After a strong July and August, FleetCor’s stock continued its rise in September as the issuer posted gains of 7% in the month and is now up 105% on the year.
The processor / acquirer sector posted positive results last month with overall gains of 6% while outperforming the market as a whole. Global Payments, Heartland, and TSYS all posted gains of 7% this month, more than the other companies tracked in this sector. Each processor or acquirer tracked posted gains of at least 5% in the month of September.
In aggregate, MasterCard and Visa posted gains of 10% in September, and are up 31% YTD. Both companies posted double-digit gains and tracked similarly throughout the month. Currently, analyst outlooks remain positive on these networks in anticipation of their earnings releases at the end of October.
For more information, please contact Collin Bauer, Senior Analyst specializing in Credit Card Issuing, firstname.lastname@example.org.
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