Green Dot Down Despite Delivering; Amex Sets New High

Its $0.48 in per share earnings exceeded investor expectations, as did its revenues of $145.5 million, up more than 20 percent over the year.  But Green Dot still saw its stock lose value over the last five days of trading. 

The likely culprit: a negative review from analysts at Compass Point, who downgraded the stock from a Buy to a Neutral. Compass Point referred to GDOT as being in a “transitional period,” and said that the firm “lacks near-term visibility,” according to TheStreet.com.

Late last week, the company said it would spend $14 million over the balance of 2012 to continue the operation of recent mobile-facing acquisition Loopt.

American Express stock reached a new high in Friday trading, coming just short of reaching a per share price of $61. But the week’s best performing stock was Netspend Holdings, which enjoyed a 6.7 percent boost to its stock price over the five-day period.


About the Bank Payment Indices

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Acquirer/
Processor
NetworkPOS Equipment/
Software
Bank PaymentRemittancePrepaid IssuerAll Payments
Closing123.79169.83139.79101.5298.4853.71125.62
Weekly Gain (#)2.845.853.690.892.900.982.59
Weekly Gain (%)2.34%3.57%2.71%0.88%3.03%1.86%2.10%

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