Green Dot (GDOT) bank is a well-known company that has been around for over 30 years. It provides prepaid debit card services and payment solutions to its customers. The company’s stock closed at $50.40 on September 24th, gaining 0.18%.
Why GDOT Investors Not Looking For Current Price & Investing in Bulk?
This past month, GDOT increased its loans by $100 million in order to make sure they can continue providing the same level of service as before the financial crisis occurred in 2007 and 2008.
The company also increased their net income by 27% this quarter due to the recent acquisition of Cardtronics and First Data Corp which was largely responsible for an increase in revenue of 4%. However, despite these successes, GDOT (Green Dot Bank) still had problems with their international division where revenues decreased.
Most investors, especially those in the finance industry, are looking for a company that is showing signs of growth. They want to invest in something that they know will increase over time and offer an attractive return on investment. However, GDOT Investors are not looking for current price but rather investing in bulk because their long-term goal is to hold onto what they have until it’s worth more than the original purchase!
About Green Dot Bank
Green Dot Corporation is a financial technology and registered bank holding company that specializes in providing prepaid cards, bill payment services, online banking services, and other value-added financial products.
Green Dot Corporation is committed to delivering best-in-class customer service while maintaining a strong sense.
The company was founded by Steve Streit in 1991 as a way to provide lower cost banking for those who were underserved or unbanked.
In 2009 Green Dot launched the first free reloadable Visa card with no fee from the consumer’s primary bank account. It has since been recognized as one of America’s fastest growing private companies by Forbes Magazine.
In 2010, Green Dot Corp became the first prepaid debit card provider to offer an integrated chip for EMV transactions.