Morgan Stanley Comments on Green Dot Corporation
Morgan Stanley provided color on Green Dot Corporation (NYSE: GDOT) in a published research report today, focusing on Senator Robert Menendez's reintroduction of the Prepaid Card Consumer Protection Act of 2011. Morgan Stanley has an Overweight rating on Green Dot Corporation.
In the report, Morgan Stanley said, "We see little direct impact on GDOT's business model [as a result of the bill], but moreso on the multiple: We continue to believe that GDOT's prepaid offerings are amongst the most fee-friendly to consumers with robust upfront disclosures."
Shares of Green Dot Corporation closed at $32.86 today, up 1.29% from Tuesday's market close.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.