Payments Industry Stock Price Tracker

Navigator Edition: June 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 June 2014 are reflected in Figure 1 below. Last month, the payments sectors that First Annapolis tracks experienced positive results in the aggregate, with only the network sector trailing the broader market’s 2% increase in June.


The issuing sector experienced gains of 3% in aggregate in June, slightly outperforming overall market trends (the market experienced a 2% gain). Nearly all issuers tracked experienced positive results in June, including significant gains from WEX (+9%), Capital One (+5%) and Discover (+5%).  FleetCor and Discover have both experienced double-digit year-to-date gains of 12% and 11%, respectively. The issuing sector, as a whole, has recovered from early declines in the first half of the year and is now flat in 2014 on a YTD basis.

The processor / acquirer sector experienced overall gains of 3% in June, driven largely off positive results from Vantiv (+8%), Global Payments (+6%), and TSYS (+4%). All other companies tracked within the sector trailed the overall market in June. Companies in this sector have experienced mixed results for the year with Global Payments posting a YTD increase of 12% in 2014, and Heartland Payments, at the other end of the spectrum, having a decline of 17% thus far in 2014. While individual performance has varied significantly, the processor / acquirer sector as a whole has experienced gains of 2% in 2014.

After delivering a 5% increase in May, MasterCard and Visa posted declines of 4% and 2%, respectively, in June. The network sector as a whole has posted declines of 8% YTD in 2014.

Figure 1: Monthly Stock Price Tracker

JUNE-2014-stock-price-tracker_14Jul1Note: 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,

To read the rest of this article, please subscribe to

The Navigator Newsletter