Payments Industry Stock Price Tracker

Navigator Edition: December 2012
By: Collin Bauer

Figure 1 is the December Payments Industry Stock Price Tracker.  The chart measures current stock prices and market caps (as of December 31, 2012) as well as movement over the last month, and year-to-date.  After mixed results in November, the companies we track across the payments value chain experienced positive results in December and maintained an average year-end increase of over 35% relative to the broader market’s 12% gain in 2012.

In summary:

Stocks within the issuing sector had a 9% weighted average increase in December to close-out the fourth quarter. Bank of America ended the year up 100% after a 19% gain in December; two other issuers, Discover and FleetCor, finished 2012 with gains of over 50% in their stock prices. After plans from its recently appointed CEO to cut costs throughout the bank – including the layoff of over 11,000 employees worldwide – Citi’s stock price increased 16% in December.

The processor / acquirer sector yielded mixed results in December, but in aggregate trended alongside the overall market and gained 1%. Fiserv was 2012’s best investment within the processor / acquirer sector after posting year-end gains of 35% on the heels of a 3% jump during December. Global Payments also posted positive gains in December, but finished the year down 6% overall.

MasterCard and Visa posted similar, positive, gains in December. In aggregate, the networks sector was up 2% from last month and 42% on the year. Despite forecasts for a slowing global economy, Visa and MasterCard continue to be viewed positively by many analysts as cash payments continue to decline and card-based transactions increase worldwide.

Figure 1: Monthly Average Stock Price Tracker
Note: 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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