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Stock Market & Financial Investment News

News Breaks
February 20, 2013
10:02 EDTTSS, NTSP, GDOTGreen 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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May 28, 2015
10:12 EDTGDOTHigh option volume stocks
High option volume stocks: A RS ALXN AVGO TFM PLKI JNPR VGK GDOT
May 27, 2015
10:06 EDTGDOTHigh option volume stocks
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May 20, 2015
10:00 EDTTSSOn The Fly: Analyst Initiation Summary
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May 19, 2015
16:50 EDTTSS, TSSTotal System initiated with an Outperform at CLSA
Target $46.
06:49 EDTGDOTGreen Dot management to meet with Piper Jaffray
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May 18, 2015
13:59 EDTTSSTotal System to host analyst day
Analyst Day to be held in New York on May 20 at 9 am. Webcast Link
May 15, 2015
16:51 EDTGDOTGreenlight Capital gives quarterly update on stakes
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