Payments Industry Stock Price Tracker

Navigator Edition: January/February 2013
By: Collin Bauer

The Payments Industry Stock Price Tracker measures current stock prices and market caps (as of January 31, 2013) as well as movement over the last month, and year-to-date (from January 2012).  After positive results in December, the companies we track across the payments value chain experienced fairly static results overall in January.

In summary:

Stocks within the issuing sector remained unchanged in January as a whole despite varied results across issuers. In addition to Chase and Citi, commercial card issuers WEX and FleetCor performed equal to or better than the market last month. Many of the issuers’ January stock prices fluctuated with their respective fourth quarter earnings releases, as the two biggest drops this month came from Capital One and Bank of America.

The processor / acquirer sector showed positive results in January, posting an overall gain of 2%. On the heels of a tough year in 2012, Global Payments started off 2013 with a 7% gain in its stock price after beating analyst targets and announcing an accelerated share repurchase schedule. Heartland’s stock price jumped 5% in January after a strong performance and its recent acquisition of the payroll-outsourcing company Ovation Payroll.

MasterCard and Visa posted similar, positive gains in January that mirrored the overall market. In aggregate, the sector was up 2% from last month and 49% from January 2012.

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, Analyst specializing in Credit Card Issuing,

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