JPMorgan maintains an Overweight rating and $49 price target on Green Dot (GDOT) on the heels of...

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

JPMorgan maintains an Overweight rating and $49 price target on Green Dot (GDOT) on the heels of the Fed's approval for the purchase of Bonneville Bancorp by the prepaid financial services company. Analysts say Green Dot has the potential to become a "next-generation" bank by leveraging its 55K retailers as "branch equivalents."