Green Dot extension with Walmart a positive, says Keefe Bruyette

Keefe Bruyette keeps a Market Perform rating on Green Dot (GDOT) after the company extended the MoneyCard program with Walmart (WMT) to 2033 versus 2027 previously. This should be positively received by investors given concerns regarding the risk of losing some or all of the revenue associated with Walmart due to Walmart’s focus on bringing its financial services products in-house under one brand, the analyst tells investors in a research note.