GBank Financial initiated with a Buy at JonesResearch

JonesResearch initiated coverage of GBank Financial (GBFH) with a Buy rating and $55 price target The company has a commercial bank and an “innovative” payments business, and both are seeing “unprecedented levels” of growth, the analyst tells investors in a research note. The firm believes GBank’s payments business will continue “rapid growth” as credit cards continue to scale, driving an increase in fees.