Striking Fintech Gold
If you invested in the S&P 500 at the start of 2015, by the end of trading today, you would have enjoyed a return of … 1.04%. Yeah, not impressive.
But had you invested in the portfolio of fintech stocks Bank Innovation tracks, you would have scored a return of 39%. Yeah, impressive.
Whether the soaring fintech stocks are a sign of a bubble or not, I can’t say. What I can say is that there are some wildly impressive numbers being posted by publicly traded fintech companies in 2015. To date, here are some noteworthy growth rates:
- LendingTree +107%
- First Internet Bank +91%
- Vantiv +55%
- Total Systems Services (TSYS) +64%
Alas, not every public fintech stock has performed well so far this year. On Deck Capital stands out for its 49% decline in value in 2015 — it IPOed in December 2014. It should be noted that the -49% performance includes a 28% bump in stock price today for ONDK as a result of its new partnership with JPMorgan Chase & Co. to provide small business loans.
The companies in our fintech portfolio are:
- ACI Worldwide Inc
- Bottomline Technologies
- Diebold Inc
- Envestnet Inc
- Fidelity National Information Services
- First Data Corp
- First Internet Bancorp
- Fiserv Inc
- Green Dot Corporation
- Heartland Payment Systems, Inc.
- Jack Henry & Associates, Inc.
- LendingClub Corp
- Lendingtree Inc
- Mitek Systems, Inc.
- Monitise Plc
- NCR Corporation
- NetSol Technologies Inc.
- On Deck Capital Inc
- Paypal Holdings Inc
- Q2 Holdings Inc
- Square Inc
- Temenos Group AG
- Top Image Systems Ltd.
- Total System Services, Inc.
- Vantiv Inc
- Virtual Piggy Inc
- Worldline SA
