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

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

































NetworkPOS Equipment/
Bank PaymentRemittancePrepaid IssuerAll Payments
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%


Featured PYMNTS Study:

More than 63 percent of merchant service providers (MSPs) want to overhaul their core payment processing systems so they can up their value-added services (VAS) game. It’s tough, though, since many of these systems date back to the pre-digital era. In the January 2020 Optimizing Merchant Services Playbook, PYMNTS unpacks what 200 MSPs say is key to delivering the VAS agenda that is critical to their success.

Click to comment