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Stock Market & Financial Investment News

News Breaks
January 16, 2013
07:22 EDTGDOTGreen Dot downgraded to Reduce from Neutral at SunTrust
SunTrust downgraded Green Dot (GDOT) following worse than expected store checks that indicate deteriorating market share. The firm lowered estimates and recommends swapping into NetSpend (NTSP) given share risks. Price target is $10.
News For GDOT From The Last 14 Days
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November 19, 2014
11:50 EDTGDOTSenate Special Aging Committee to hold a hearing
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07:07 EDTGDOTCitigroup to hold a conference
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November 13, 2014
07:24 EDTGDOTSunTrust to hold a conference
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November 12, 2014
08:19 EDTGDOTJPMorgan to hold a conference
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November 10, 2014
15:17 EDTGDOTCFPB may require added disclosures on prepaid cards, WSJ says
The Consumer Financial Protection Bureau is expected to propose new rules later this week that will require more disclosure for prepaid debit cards and cracking down on allowing consumers to spend more money on the cards than they have, according to The Wall Street Journal, citing people familiar with the matter. The rules come as traditional financial institutions, such as JPMorgan (JPM) and American Express (AXP) have moved into the business and the industryís biggest players donít allow overdrafts so it is unclear whether the new rules will dent industry profits, the report said. Green Dot (GDOT) also does not permit overdrafts and Visa (V) recently excluded overdraft abilities in guidelines for its prepaid cards, the report added. Reference Link
15:07 EDTGDOTRegulators may require added disclosures on prepaid cards, DJ says
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