BOSTON, June 04, 2024 (GLOBE NEWSWIRE) -- Boston-based law firm Block & Leviton is currently investigating AssetMark Financial Holdings, Inc. (NYSE: AMK) for potential breaches of fiduciary duty to shareholders. The investigation arises as a result of the company’s April 25, 2024 announcement that it agreed to be acquired by private equity firm GTCR at a price of $35.25 per share. AssetMark shareholders are urged to reach out to Block & Leviton to learn more about their rights and register their interest in ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Block (SQ) .Block currently has an average brokerage recommendation (ABR) of 1.60, on a scale o ...

BOSTON, June 04, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Axos Financial (NYSE: AX) for potential securities law violations. Investors who have lost money in their Axos Financial investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/ax. What is this all about? Shares of Axos Financial fell significantly Tuesday morning after Hindenburg Research published a report alleging the company is "exposed to ...

The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE), came in below or aligned with market expectations. This supports our prediction that rate cuts are on the horizon, likely starting in the upcoming months.Brief Market Overview We anticipate the economy will transition from the robust growth in 2023 to a slower pace in the latter half of 2024.The earnings season has largely concluded, with notable updates from companies such as Salesforce and Best Buy. Salesforc ...

Vancouver, British Columbia--(Newsfile Corp. - May 28, 2024) - Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) ("Goldshore" or the "Company") is pleased to announce that 19,096,083 common shares of the Company have been purchased in a private transaction involving SAF Group. Michael Henrichsen, CEO of Goldshore commented, "We are excited about the continued support of SAF Group and the strategic placement of an additional 7% of our outstanding shares into the control of long-term supportiv ...

BlackJack3D/E+ via Getty Images Investment thesis I like companies which leverage robust ecosystems as this approach creates strong cross-selling opportunities and increases switching costs for customers, a formidable mix to build sustainable value for shareholders. In this respect, Block, Inc. (NYSE:SQ) is a unique company because it leverages two ecosystems simultaneously. This creates massive opportunities for the company to drive strong revenue growth for longer. The business looks resilient to challeng ...

Wall Street's brightest billionaire money managers have mixed feelings about this year's class of companies enacting stock splits.If you're putting your money to work on Wall Street, volatility is something you'll have to get used to. Prior to 2024, the iconic Dow Jones Industrial Average, broad-based S&P 500, and growth stock-powered Nasdaq Composite traded off bear and bull markets for four consecutive years.When the going gets tough on Wall Street, professional and retail investors generally seek out the ...

Margarita-Young H&R Block (NYSE:HRB) just turned in an exceptionally strong, game changing Q3 quarter. Despite this, shares have recently given up much of the post-earnings gains, dropping 3.6% this Friday, seemingly following Intuit (INTU) lower after its Q4 Guidance disappointed. INTU, which trades at 36x earnings, is not even in the same valuation ballpark as HRB, but markets don't always make sense, especially on a low volume Friday heading into a holiday weekend. Data by YCharts I think this recent ...

Red Light Holland Announces Happy Caps 2kg "Mega Block" Mushroom Home Grow Kits Are Now Available in Costco Stores Across CanadaMay 23, 2024 9:14 AM EDT | Source: Red Light Holland Corp.Toronto, Ontario--(Newsfile Corp. - May 23, 2024) - Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTCQB: TRUFF) ("Red Light Holland" or the "Company"), a company engaged in the production, growth and sale of functional mushrooms and mushroom home grow kits in North America and Europe and a premium brand of ps ...

Summary of Block, Inc. (NYSE:SQ) Conference Call Company Overview - **Company**: Block, Inc. (formerly Square) - **Participants**: Jack Dorsey (Co-Founder, Chairman, Chief Block Head), Tien-Tsin Huang (JPMorgan Analyst) - **Date**: May 21, 2024 Key Points Company Mission and Evolution - Block's mission focuses on **economic empowerment** by providing tools that help individuals and small businesses participate in the economy [3][4] - The name change from Square to Block reflects a broader vision beyond just payment solutions, aiming to create multiple ecosystems [5] Business Units and Culture - Block has developed distinct business units (Square, Cash App, Title, TBD) to foster unique cultures and experimentation [7][8] - There has been a recognition of losing the synergy between these units, prompting a reevaluation to unify them into a cohesive ecosystem [8][9] Product Design and Compliance - The company aims to enhance product design to improve user experience while addressing compliance concerns [10][11] - Block's approach to compliance involves balancing innovation with regulatory requirements, emphasizing the need for ongoing dialogue with regulators [12][13] Technological Advancements - Block is leveraging AI and machine learning to enhance risk management and customer understanding, aiming to serve a broader audience [14][15] - The transition from multiple apps to a single Square app is underway, simplifying user experience and integrating various functionalities [18][19] Cash App Insights - Cash App has seen significant growth, with a goal to increase direct deposit users from 2 million to a larger base by enhancing utility and trust [33][35] - The company is exploring innovative monetization strategies that differ from traditional banks, focusing on flexibility and ecosystem integration [39][40] Bitcoin and Open Protocols - Block is committed to building an open protocol for money movement, with Bitcoin as a key component, emphasizing its potential for global transactions [46][47] - The TBD initiative aims to disrupt traditional remittance systems by enabling developers to create exchanges that facilitate low-cost money transfers using Bitcoin [51] Future Outlook - Dorsey expressed excitement about the potential for new business units and the importance of returning to core values of engineering and design [57][58] - The emphasis on open protocols and transparency is seen as crucial for building trust with customers in an increasingly skeptical market [60][61] Additional Insights - The company recognizes the need to innovate continuously and adapt to changing market dynamics, particularly in the context of lending and credit solutions [31][43] - There is a strong focus on enhancing customer service and reliability to foster trust and encourage more users to engage with Cash App [36][37] This summary encapsulates the key themes and insights from the conference call, highlighting Block's strategic direction, product innovations, and commitment to fostering an inclusive financial ecosystem.