Payments Industry Stock Price Tracker

Navigator Edition: March 2014
By: Collin Bauer

First Annapolis monitors monthly and annual movement in stock prices and market capitalization for companies across the payments value chain. Observations for March 2014 are reflected in Figure 1. Last month, the payments sectors that First Annapolis tracks experienced mixed results, with only the issuing sector exceeding the broader market’s 1% increase year-to-date in 2014.

In summary:

In March, the issuing sector experienced gains of 3% in aggregate, which slightly outperformed overall market trends (the market experienced a 1% gain). While nearly half of the tracked issuers posted declines in March, significant gains by the nation’s two largest issuers, JPMorgan Chase (7%) and Bank of America (4%), helped lift the issuing sector. The issuing sector, as a whole, has experienced gains of 2% thus far in 2014 on a YTD basis.

The processor / acquirer sector posted overall declines of 2% in March. Downward pressure was largely driven by stock price declines from the two largest companies tracked within the sector, FIS (-3%) and Fiserv (-2%). Heartland Payments rebounded in March after posting back-to-back declines over the past two months, but its stock price is still down 17% since the beginning of 2014. While individual performance has varied significantly, the processor / acquirer sector as a whole posted declines of 3% in 2014.

In aggregate, MasterCard and Visa posted declines of 4% in March, and have posted declines of 6% year-to-date in 2014.

Figure 1: Monthly Stock Price Tracker

Figure-1_-March-Stock-Price-Tracker_v3Note: 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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