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Stock Market & Financial Investment News

News Breaks
February 20, 2013
10:02 EDTNTSP, GDOT, TSSGreen Dot climbs after competitor agrees to be acquired
Shares of prepaid debit card provider Green Dot (GDOT) are rising after the company's competitor, NetSpend Holdings (NTSP), announced last night that it had agreed to be acquired by Total System Services (TSS) for $16 per share. NetSpend's stock closed at $12.29 yesterday. However, in a note to investors earlier today, SunTrust analyst Andrew Jeffrey wrote that Green Dot is not likely to become a takeover target. Green Dot's valuation is similar to the level at which NetSpend was acquired, the analyst wrote. As a result, Green Dot's stock is unlikely to rise significantly, according to Jeffrey. Moreover, Green Dot is rapidly losing market share and is more exposed to retail customers than NetSpend, meaning that Green Dot is more vulnerable to falling prices and new competitors, the analyst believes. Finally, Green Dot owns a bank, and consequently only a bank holding company would be likely to acquire it, Jeffrey wrote. The analyst maintained a Reduce rating on Green Dot shares, which rose 44c, or 3%, to $15.07 in early trading.
News For GDOT;NTSP;TSS From The Last 14 Days
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April 23, 2014
08:01 EDTTSSTotal System weakness a buying opportunity, says Citigroup
Citigroup recommends using any post-earnings weakness in shares of Total System Services as a buying opportunity. Citi lowered its price target for shares to $35 from $36 and keeps a Buy rating on the name.
April 22, 2014
16:11 EDTTSSTotal System sees FY14 adjusted EPS $1.90-$1.93, consensus $1.93
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16:09 EDTTSSTotal System reports Q1 adjusted EPS 38c, consensus 43c
Reports Q1 revenue $592.8M, consensus $613.93M.
07:24 EDTGDOTSourceMedia to hold a forum
26th Annual Card Forum & Expo is being held in Orlando on April 22-25.
April 21, 2014
09:27 EDTTSSNetspend, Western Union to introduce co-branded prepaid card in U.S.
NetSpend, a TSYS (TSS) company, announced it has joined forces with Western Union (WU) to develop an innovative co-branded prepaid card, available later this year. NetSpend and Western Union will jointly develop the co-branded cardís custom features through NetSpendís proprietary payments platform, and both companies plan to deliver the card through a portion of their combined distribution networks later this year. Details on card pricing, features and availability will follow at the product launch.

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