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%

——————————

New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

Click to comment

TRENDING RIGHT NOW