European payment stocks rebound following recent underperformance

Boku

02/10/2025 11:33

** Shares in payment companies Worldline WLN.PA and Adyen ADYEN.AS rise around 5% and 10% respectively, driven by a rebound from recent share underperformance, Hannes Leitner from Jefferies says

** U.S. card data shows signs of weakening, raising concerns about the health of U.S. consumer spending, the brokerage says

** Worldline, Adyen, and Boku BOKU.L have been under pressure in recent days, Leitner notes; the latter rising 11% in London

** On Worldline, Leitner highlights no material developments as all eyes are on Q3 results and the Capital Markets Day in the next weeks, adding that lower liquidity contributes to higher volatility in share movements

** Shares in Worldline and Adyen are on track for their best day in three months and nearly six months respectively, and are among the top performers on their respective indexes

 (Reporting by Olivier Cherfan)

 ((olivier.cherfan@thomsonreuters.com))