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Stock Market & Financial Investment News

News Breaks
February 20, 2013
10:02 EDTGDOT, TSS, NTSPGreen 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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July 7, 2015
09:04 EDTTSSTSYS extends relationship with U.S. Bank
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June 30, 2015
09:04 EDTTSSMeta Payment Systems and NetSpend sign agreement extension
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09:01 EDTTSSTSYS extends payments agreement with Banco INVEX
TSYS announced that it has extended its payments agreement with Mexico’s Banco INVEX S.A. The multi-year agreement includes processing services for INVEX’s consumer and commercial credit card portfolios. As part of the agreement, TSYS will continue to provide INVEX with additional services such as data analytics, fraud prevention and risk management tools. Financial terms of the agreement were not disclosed.
June 23, 2015
16:29 EDTGDOTOn The Fly: Top stock stories for Tuesday
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10:03 EDTGDOTHigh option volume stocks
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09:14 EDTGDOTOn The Fly: Pre-market Movers
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07:05 EDTGDOTGreen Dot price target raised to $24 from $22 at Piper Jaffray
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06:31 EDTGDOTGreen Dot contract terms better than feared, says JPMorgan
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