You might agree or disagree with the company's new strategic focus, but it can't be ignored.Shares of Block (SQ 2.52%) haven't panned out for investors in recent years. The financial services platform was a Wall Street darling during the pandemic's height, but it's been a huge disappointment since.As of this writing, this fintech stock trades 78% below its all-time high. However, there are numerous reasons to still be bullish on the business, as it has many favorable qualities. But before you buy shares whi ...

The fintech company still faces a lot of challenges.Block's (SQ 2.52%) stock has shed three quarters of its value during the past three years. The fintech stock was a market darling in 2021, but its luster faded as growth cooled and rising interest rates hurt its valuations.Let's take a fresh look at Block to see if its shares will head higher or lower over the next three years.An evolving business modelBlock splits its fintech business into two ecosystems: Square and the Cash App. Square provides digital p ...

The Good Brigade A director of Block Inc. (NYSE:SQ) has made a substantial purchase of shares in the last week and in this investment thesis, I will look at the company's outlook and consider the timing. Sequoia's Botha buys $25M worth of SQ stock An insider transaction from Roelof F. Botha on August 8, showed the South African venture capitalist buying up $25 million worth of Block Inc. stock. Roelof Botha Insider Transaction (Yahoo Finance) The latest purchase by the Sequoia Capital leader follows a ...

H&R Block gave strong guidance for the new fiscal year and raised its dividend.Shares of tax prep specialist H&R Block (HRB 13.74%) were soaring today after the company beat bottom-line estimates and rewarded investors with a dividend hike. As of 10:35 a.m. ET, the stock was up 18.2%. H&R Block gets it doneRevenue in the quarter rose 3% to $1.062 billion, beating the consensus at $1.03 billion. On the bottom line, increased spending on marketing and higher wages and benefits weighed on profits, and earnings ...

The shares of H & R Block Inc (NYSE:HRB) are soaring to soaring to record highs today, up 17.4% at $67.48 at last glance, and earlier hitting a peak of $68.23. This jump comes after the tax services name reported better-than-expected fiscal fourth-quarter results, raised its full-year forecast, announced a dividend hike, and $1.5 billion share buyback plan. Headed for its biggest single-day percentage pop since May 2022, HRB is currently up 39.6% in 2024. Before today's bull gap, the 40-day moving average h ...

Key TakeawaysH&R Block shares are soaring Friday, a day after the tax-prep firm reported better-than-forecast fourth-quarter results.The company also said it would issue a quarterly dividend of 37.5 cents a share, a 17% increase, and a new share-buyback program of $1.5 billion.H&R Block also issued guidance calling for higher revenue and adjusted EPS in fiscal 2025. H&R Block (HRB) shares are soaring Friday, a day after the tax-prep firm reported higher-than-forecast fourth-quarter results. H&R Block said r ...

KANSAS CITY, Mo., Aug. 15, 2024 (GLOBE NEWSWIRE) -- H&R Block, Inc. (NYSE: HRB) (the "Company") today released its financial results1  for the fiscal year ended June 30, 2024. H&R Block reported full year revenue of $3.6 billion (4% increase) and earnings per share from continuing operations2 of $4.14 (16% increase)In FY24, the Company repurchased $350 million, or another 5.5%, of shares outstanding at an average price of $43.66The Company announced a 17% increase in its quarterly dividend to $0.375 per sha ...

In July, Ardent Health Partners Inc. ARDT closed its initial public offering of 12 million at a public offering price of $16 per share, for total gross proceeds of approximately $192 million.Ardent Health Partners owns and operates a network of hospitals and clinics. It operates acute care hospitals, including rehabilitation hospitals and surgical hospitals.Through its subsidiaries, Ardent Health delivers care through 30 acute care hospitals, more than 200 care sites, and over 1,700 providers across six sta ...

Cash App users may be eligible for part of a multimillion-dollar settlement from the company.The payments platform and its parent Block agreed earlier this year to pay $15 million to settle a suit claiming the company had failed to protect customers from data breaches.Now, those users — past and present — can submit a claim for a piece of that settlement, for up to $2,500, according to a website set up by the plaintiffs. As PYMNTS has reported, Cash App and Block were sued in 2022 for “negligent” behavior i ...

BOSTON, Aug. 09, 2024 (GLOBE NEWSWIRE) -- On behalf of an individual investor, Block & Leviton LLP filed a class action lawsuit today against Nano Nuclear Energy, Inc. (Nasdaq: NNE), along with certain individuals, alleging that they violated federal securities laws by issuing false and misleading statements concerning the company’s business, operations, and prospects. A copy of the Complaint is available on Block & Leviton’s website. The suit alleges that throughout the Class Period, Defendants made false ...