Here’s Why Green Dot Stock Is Soaring on Tuesday

motley fool · 2020-05-13
What happened Financial technology company Green Dot (NYSE:GDOT) reported its first-quarter earnings on Monday afternoon, and it's fair to say that Wall Street is happy with the results ... Green Dot processed 9.7 million tax refunds during the quarter (the main reason why the first quarter is usually its strongest), about 310,000 more than it did in Q1 2019 ... While Green Dot said that it saw its key business metrics slow in March and early April, the stimulus check payments disbursed throughout April propelled a surge in gross dollar volume (GDV) on its platform.

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