Green Dot Corporation (GDOT): Expansion in Banking-as-a-Service Enables Forecast Upgrade!

Green Dot Corporation (GDOT) announced a strong quarterly result combined with a forecast upgrade after hours on May 8th. Revenue increased by 24% year-over-year to $558.9 million, and EPS improved by nearly 80% to $1.06. This development reflects the successful implementation of strategic initiatives and the increasing importance of the embedded finance business. William Jacobs, interim CEO of Green Dot, said: "We exceeded our forecasts, gained significant new partners in Banking-as-a-Service and payment processing, and extended an important retail...