Out Fox The $treet

The stock action in Green Dot Corporation ( GDOT ) isn't exactly matching the recent results of the company suggesting that investors are placing a large bet on the GoBank and check cashing initiatives. The actual results haven't improved much over last year, but the general perception has been they were better than expected after facing an onslaught of new competition in its market leading prepaid card segment. Green Dot is focused on providing affordable banking for the masses. Its primary product is a reloadable prepaid debit card that is available at more than 60,000 retail stores nationwide and online. It has several new initiatives including the recently launched GoBank, Project Outreach and another wave of retailers expanding the retail locations by another 20,000 stores. Read the full article at Seeking Alpha. Disclosure: No positions mentioned. Please review the disclaimer page for more details. 

Editors Choice Green Dot Corp.  (NYSE: GDOT ) , a leading independent prepaid card provider for the underbanked, announced yesterday the launch of the first mobile-focused bank. Will this turn around the prospects of a stock that has been crushed over the last year as fears of new entrants into the prepaid card sector have hurt expectations? GoBank is designed to be the first bank account focused on being used on a mobile device more » Disclosure: No positions mentioned. Please review the disclaimer page for more details.