NetSpend Holdings Gaining More Customers For Its Reloadable Pre-Paid Debit Cards

NetSpend Holdings, originally known for pre-paid cards, has evolved into a financial-service enterprise catering to 60 million U.S. consumers without bank accounts or credit card eligibility. The company surpassed revenue expectations in the first quarter of 2012 and is forecasted for continued growth. Analysts project accelerated profits and revenues in the coming year, with a focus on direct deposits from customers using reloadable prepaid cards. NetSpend's stock is currently at $7.40, expected to rise to $12 within a year. The company's CEO, Daniel R. Henry, foresees further growth through partnerships with major brands. Despite competition, NetSpend remains confident in its market presence and customer offerings. Financial analysts recommend the stock as a buy, anticipating earnings of 54 cents per share in 2012 and 66 cents in 2013. The company's active card growth is on the rise, with a positive outlook for the future.