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Green Dot jumps after lifting annual forecasts

ReutersMay 9, 2025 1:00 PM

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

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