Payments Industry Stock Price Tracker

Navigator Edition: January 2015
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 December 2014 are reflected in Figure 1. In December, the payments sectors that First Annapolis tracks posted mixed results; however, all individual sectors performed within two points of the overall market (+0%).

Figure 1: Monthly Stock Price Tracker
Fig-1_-Monthly-Stock-Price-TrackerNote: Weighted Averages are based on current market caps.
Source: Yahoo Finance, First Annapolis Consulting research and analysis.


The issuing sector experienced gains of 2% in aggregate and outperformed the broader market’s performance in December. Positive momentum in the sector was driven by gains from the largest issuers, Chase (+4%) and Bank of America (+5%). Due to the falling price of oil, WEX experienced a difficult end to the year, posting declines of 13% in December and erasing its prior annual gains. The issuing sector, as a whole, experienced gains of 9% in 2014.

The processor / acquirer sector posted overall declines of 1% in December and individual performance within the sector was mixed. Large players, TSYS (+3%) and FIS (+2%) experienced the most significant gains last month, while Global Payments (-7%) posted the largest decline. Despite December’s performance, Global Payments experienced overall gains of 24% for the year and was 2014’s top performer in the sector. The processor / acquirer sector posted aggregate gains of 15% in 2014.

Visa and MasterCard experienced overall gains of 1% in December and increases of 18% and 3%, respectively, in 2014. The network sector as a whole posted gains of 12% in 2014 and slightly outperformed the overall market.

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

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