Deutsche Bank and JPMorgan both pile on to the Green Dot (GDOT -60%) party-bashing, cutting the...

|About: Green Dot Corporation (GDOT)|By:, SA News Editor

Deutsche Bank and JPMorgan both pile on to the Green Dot (GDOT -60%) party-bashing, cutting the shares respectively to Hold and Neutral amid a gloomy forecast by the company on the prepaid market. Deutsche says the company's model has "broken down," in the face of increased competition and greater risk/compliance costs, while JPMorgan calls into question management's credibility in the face of such a significant cut to numbers.