Is Green Dot the Growth Stock for You?

Dave Kovaleski, The Motley Fool
·4 min read
Is Green Dot the Growth Stock for You?

Stocks in the financial sector have outperformed the S&P 500 -- and most other sectors -- in 2021, led by the resurgence of traditional banks. The company's stock price soared 139% last year, but this year it's down about 17% at Friday's prices, while the average financial sector stock is up 19%. Green Dot is primarily known as one of the largest issuers of prepaid debit cards, as well as reloadable cards, which often serve as an alternative to banks that allow users to make purchases, make deposits, pay bills, etc. But the company also provides traditional banking services through its online, FDIC-insured bank.