The Consumer Financial Protection Bureau ordered Cash App owner Block to pay $175 million to address security failures.Block must refund consumers up to $120 million and pay a penalty of $55 million into the CFPB’s victims relief fund, according to a Thursday (Jan. 16) press release.“Block employed weak security protocols for Cash App and put its users at risk,” the release said. “While Block is required by law to investigate and resolve disputes about unauthorized transactions, the company’s investigations ...

FTAI INVESTOR ALERT: FTAI Aviation Ltd. Investigated for Securities Fraud by Block & Leviton ...

Block has agreed to pay an $80 million fine and undertake corrective actions to resolve a coordinated enforcement action by 48 state financial regulators that alleged the company violated Bank Secrecy Act (BSA) and anti-money laundering (AML) laws.The enforcement action centered on Block’s mobile payment service, Cash App, the Conference of State Bank Supervisors said in a Wednesday (Jan. 15) press release.In addition to paying the assessed penalty to the state agencies, Block agreed to hire an independent ...

Block (SQ) closed the most recent trading day at $82.01, moving -0.64% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.16%. Meanwhile, the Dow gained 0.86%, and the Nasdaq, a tech-heavy index, lost 0.38%.Shares of the mobile payments services provider have depreciated by 10.26% over the course of the past month, underperforming the Business Services sector's loss of 5.61% and the S&P 500's loss of 2.2%.Analysts and investors alike will be keeping a close eye ...

Analyst Background - The analyst is a full-time professional with a focus on a wide range of stocks, aiming to provide unique insights and contrasting views based on their background [1] Disclosure and Disclaimer - The analysis is for informational purposes only and should not be considered professional investment advice [4] - The analyst has no stock, option, or derivative positions in the mentioned companies and no plans to initiate such positions within the next 72 hours [3] - The analyst is not receiving compensation for the article other than from Seeking Alpha and has no business relationship with any mentioned company [3]

H&R Block, Inc. (HRB) is a tax return preparation service provider that has performed extremely well over the past year and has the potential to sustain momentum in the near term. Consequently, if you have not taken advantage of the share price appreciation yet, you should add the stock to your portfolio now.What Makes HRB an Attractive Pick?An Outperformer: A glimpse at the company’s price trend reveals that the stock has had an impressive run over the year. Shares of H&R Block have returned 20.3% in a yea ...

Company Analysis - Block (NYSE: SQ) was a top pick for 2024 and has performed well, though some investors question if the rally feels "under-cooked" given the extended valuations of many growth stocks amidst potentially irrational exuberance [1] - Julian Lin, a financial analyst, focuses on finding undervalued companies with secular growth, strong balance sheets, and management teams in sectors with long growth runways [1] - Julian Lin's investment approach combines growth-oriented principles with strict valuation hurdles to add an additional layer of safety [1] Investment Strategy - Julian Lin leads the investing group Best Of Breed Growth Stocks, which shares positions in stocks with a high probability of delivering large alpha relative to the S&P 500 [1] - The group provides exclusive access to Julian's highest conviction picks, full stock research reports, real-time trade alerts, macro market analysis, individual industry reports, a filtered watchlist, and community chat with 24/7 access to Julian [1] Disclosure - The analyst has a beneficial long position in Block (NYSE: SQ) through stock ownership, options, or other derivatives [2] - The analyst is long all positions in the Best of Breed Growth Stocks Portfolio [2]

Stock Performance and Market Context - Block (SQ) ended the recent trading session at $91 94, showing a -0 24% change from the previous day's closing price, underperforming the S&P 500's 0 55% gain and the Nasdaq's 1 24% gain, while the Dow lost 0 06% [1] Upcoming Financial Results and Estimates - The company is anticipated to report an EPS of $0 82 in its upcoming release, marking an 82 22% increase compared to the same quarter of the previous year [2] - Revenue is expected to reach $6 11 billion, up 5 92% from the prior-year quarter [2] - Recent changes to analyst estimates for Block indicate shifting near-term business trends, with positive revisions reflecting confidence in the company's performance and profit potential [3] Valuation Metrics - Block currently has a Forward P/E ratio of 21 11, which is a discount compared to its industry's Forward P/E of 25 08 [5] - The company trades at a PEG ratio of 0 49, significantly lower than the Technology Services industry average PEG ratio of 1 54 [6] Industry Context - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 61, placing it in the top 25% of all 250+ industries [7] - Industries in the top 50% of the Zacks Industry Rank outperform the bottom half by a factor of 2 to 1 [7] Analyst Ratings and Model - Block currently has a Zacks Rank of 3 (Hold), with a 0 7% decline in the Zacks Consensus EPS estimate over the past month [5] - The Zacks Rank system, which incorporates estimate changes, has a strong track record, with 1 stocks delivering an average annual return of +25% since 1988 [5]

Block (SQ) is investing aggressively in expanding its partner base, aiming to scale its distribution network. It recently inked a partnership with Sysco, a leading global foodservice distributor, which will help food and beverage sellers operate in a smoother way.Sysco’s Restaurant Solutions program is popular among food and beverage providers. Under the terms of the latest partnership, Sysco will co-promote and market Square’s technology suite to its customers.Rich Partner Base Aids SQ’s ProspectsBlock’s s ...

Goldman Sachs analyst Will Nance reiterated a Buy rating on Block, Inc. SQ with a price target of $102.The analyst said that he hosted a call with Block investor relations, and the company remains committed to achieving Rule of 40 performance by 2026, with mid-teens gross profit growth, margin expansion, and GPV acceleration expected in 2025.SQ’s stock has surged post-election, benefiting from SMB exposure, pro-cyclical trends, deregulation, and crypto market involvement, alongside a previously attractive v ...