NetSpend is a pre-paid debit card provider, and you can imagine how this would be a thriving business now with traditional credit card issuers and banks in general getting pretty particular about whom they dole out plastic to.
The number of NetSpend cardholders enrolled in direct deposit rose 20%, with gross dollar volume going from $2.5 billion to $2.8 billion.
NetSpend is eyeing a profit of $0.51 a share to $0.55 a share for all of 2012, pricing the stock at a reasonable 17 to 19 times projected profitability. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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