BUZZ-Green Dot jumps after lifting annual forecasts

Reuters

May 09, 2025

BUZZ-<a href="https://laohu8.com/S/GDOT">Green Dot</a> jumps after lifting annual forecasts

** Digital bank and fintech Green Dot's GDOT.N shares jump 17.7% to $10.24 before the bell

** GDOT late Thursday raised its annual forecasts for adjusted profit and operating revenue

** All business segments of GDOT posted profit growth in Q1 for the first time in several years

** Interim CEO William Jacobs says it was a very strong start to 2025, as GDOT added new partners and extended a major retail relationship

** Northland Securities says it was a solid beat-and-raise quarter across the board for GDOT

** 2 of 5 brokerages rate the stock "buy", 2 "hold" and 1 "sell"; median PT $12.50 - data compiled by LSEG

** As of last close, GDOT stock was down 18.2% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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median PT $12.50 - data compiled by LSEG** As of last close, GDOT stock was down 18.2% YTD(Reporting by Arasu Kannagi Basil in Bengaluru)((ArasuKannagi.Basil@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}