XYZ's 26.6% YTD rally reflects strength in Cash App and Square, but rising credit losses and macro risks raise questions about how much upside remains.
PBR completes its Block 3 acquisition in Sao Tome and Principe, taking a 75% operating stake to advance offshore exploration and future reserve growth.
XYZ's consumer lending is accelerating with expanding Cash App Borrow and Afterpay fuel originations and gross profit rises, but rising credit losses add a key risk.
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Block (XYZ) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Block will pay $45 million to settle allegations from 46 states that the company misled consumers about the safety of its peer-to-peer payments app, Cash App, and failed to provide the fraud protection and resolution required by law. The investigation was led by Oregon and Texas, the Oregon Department of Justice said in a Wednesday (July 8) press release.
Block has agreed to pay $45 million to settle claims brought by 46 U.S. states alleging that its peer-to-peer payments app, Cash App, failed to adequately protect users from fraud.
XYZ's Square accelerates GPV growth through global expansion, larger sellers and new commerce tools, strengthening payment activity across its ecosystem.
XYZ turns AI into a growth engine with Builderbot, Moneybot and Managerbot, boosting product development and expanding AI-powered commerce.
H&R Block delivered a strong quarter with 6% EBITDA growth and 5.3% revenue growth, defying AI disruption fears. HRB's assisted tax segment had its best performance in 3 years. Overall volume decline was primarily free filers; paid filers declined less than 1%. Expense management and potential divestiture of underperforming units like Wave, Block Advisors, and Spruce could further enhance HRB's outlook.
Block, Inc. (XYZ) Presents at Wolfe Research FinTech Forum Transcript
H&R Block, Inc. generates returns on capital above 30%, reflecting a capital-light model that consistently creates value well above its cost of capital. HRB stock trades at roughly an ~8x EV/EBIT multiple, suggesting the market is pricing the business as structurally challenged despite stable demand for tax preparation. With a dividend yield above 5% and aggressive share repurchases, HRB returns a significant portion of its cash flow to shareholders each year.