J.P. Morgan Reports Positive Meetings With Green Dot

According to J.P. Morgan, Green Dot (NYSE: GDOT) Overweight rating is reiterated.

J.P. Morgan reported that last week, it met with John Keatley, CFO of Green Dot. “As expected, Keatley did not provide updated guidance, but we came away from the meetings with 1) a better understanding of the growth outlook and 2) greater confidence in our estimates, especially in the near-run. We acknowledge there is a “catch a falling knife” fear surrounding the stock, but we expect this to change for the better when GDOT delivers a strong 1Q. We reiterate our Overweight rating and $60 PT.”

Green Dot closed on Friday at $45.17.