Payments Industry Stock Price Tracker

Navigator Editions: April 2013, March 2013
By: Collin Bauer

Figure 1 is the March Payments Industry Stock Price Tracker.  The chart measures current stock prices and market caps (as of March 20, 2013) as well as movement over the last 30 days, and year-to-date.  Breaking through the static start to 2013, the companies we track across the payments value chain generally experienced positive results over the last 30 days, but are still just shy of the broader market’s 7% gain thus far in 2013.

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.

In summary:

Stocks within the issuing sector posted gains of 5% as a whole over the last 30 days, with none of our tracked issuers posting stock price declines.  FleetCor, Discover, Amex, and Citi have posted double-digit YTD gains. Discover’s stock rose 15% this month after announcing a new stock repurchase program and an increase to second quarter dividends of over 40%. Bank of America also announced a new share repurchase program that helped its stock realize an 8% gain over the last 30 days. Capital One has begun to recover from its disappointing start to the year by posting a 3% gain over the last 30 days, but is still down 12% on the year.

The processor/ acquirer sector shared mixed results over the last 30 days, but still posted an overall gain of 4% for the month to help push its total realized gains to 6% YTD. Fiserv announced the merging of its mobile banking and p2p platforms in early March, which has helped its stock price post 6% gains over the last 30 days. TSYS’ stock steadily climbed throughout the month to finish up 10% following news of its $1.4 billion agreement to purchase NetSpend.

MasterCard and Visa posted similar results over much of the last 30 days, but news in recent days about Visa exploring possibilities to purchase its European counterpart gave the stock a late surge. In aggregate, the sector is up 2% year to date.

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

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