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Stock Market & Financial Investment News

News For GDOT From The Last 14 Days
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September 30, 2014
14:52 EDTGDOTFirstEnergy warns customers about Green Dot card payment scam
FirstEnergy Corp.'s (FE) utilities are warning customers about a scam involving a telephone caller posing as a utility company employee threatening to shut off power unless an immediate payment is made using a pre-paid debit card such as a Green Dot (GDOT) card. Scams involving callers asking for utility bill payment via Green Dot cards have been reported by customers in all of FirstEnergy's service areas from Ohio to New Jersey, which include: Ohio Edison, The Illuminating Company and Toledo Edison in Ohio; West Penn Power, Penn Power, Met-Ed and Penelec in Pennsylvania; Jersey Central Power & Light in New Jersey; Mon Power in West Virginia; and Potomac Edison in West Virginia and Maryland. FirstEnergy and its utilities do not require payment over the phone via specific means, including Green Dot cards. Moreover, FirstEnergy's utilities do not demand payment over the phone to avoid an impending termination of service. "If you receive a call demanding payment via a specific option, including a Green Dot card, it's a scam, and you should report this crime to your local authorities," said Ronald I. Green, vice president, Customer Service, FirstEnergy. "While we may phone a customer whose bill is in arrears to remind them a payment is due, we would explain how a payment can be made using established payment options."
September 25, 2014
07:21 EDTGDOTGreen Dot strength due to GoBank overdone, estimates cut at SunTrust
SunTrust said the pop in Green Dot (GDOT) shares yesterday related to GoBank's partnership with Wal-Mart (WMT) is overdone. The analyst cut 2014-2016 estimates, but raised its price target to $21 from $18, to reflect ongoing share losses at Wal-Mart, its largest customer, but notes downside could be limited if it exceeds its new conservative outlook. Shares are Neutral rated.
September 24, 2014
12:29 EDTGDOTOn The Fly: Midday Wrap
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09:49 EDTGDOTGreen Dot's 2014 guidance incorporates Wal-Mart, says Piper Jaffray
Green Dot (GDOT) announced this morning that it will offer its GoBank product at Wal-Mart (WMT) stores nationwide by the end of October. Piper said GoBank has been piloted in a few stores in Texas and the launch has already been incorporated into Green Dot's 2014 guidance and accounts for relatively little in revenues. The firm views the news as a positive in total and said it shows continued traction within GoBank and its relationship with Wal-Mart. Shares of GoBank are Overweight rated with a $24 price target.
09:05 EDTGDOTOn The Fly: Pre-market Movers
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05:14 EDTGDOTGreen Dot, Wal-Mart announce nationwide rollout of GoBank
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September 18, 2014
06:12 EDTGDOTGreen Dot to acquire Santa Barbara Tax Products Group for $320M
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06:08 EDTGDOTGreen Dot expects to launch 'major new program' to make positive 2014 impact
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06:06 EDTGDOTGreen Dot cuts FY14 adjusted EBITDA to $122M-$126M from $128M-$132M
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06:05 EDTGDOTGreen Dot cuts FY14 non-GAAP revenue to $610M-$620M from $640M-$650M
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06:04 EDTGDOTGreen Dot cuts FY14 non-GAAP EPS $1.25-$1.29 from $1.37-$1.41, consensus $1.42
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