After falling 71% in 2019 amid disappointing financial results, shares of financial services firm Green Dot (NYSE: GDOT) have more than doubled so far in 2020. And it's not even because COVID-19 and the ensuing lockdown have shoved the world down the digital path. Rather, better profitability following a renewed emphasis on the banking-as-a-service platform and a C-suite shake-up backed by activist investor Starboard Value are responsible.
Green Dot is not the extreme value it was six months ago, but this fintech outfit might have a little gas left in the tank -- although it isn't likely to be a high-growth name like some of its peers.
Image source: Getty Images.
Source Fool.com