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Block set to deliver Q4 earnings beat, gross payment volume acceleration eyed
Proactiveinvestors NA· 2026-01-28 20:14
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company operates with a team of experienced and qualified news journalists across key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered by the team includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Utilization - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company employs automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans to maintain best practices in content production and search engine optimization [5]
Block's Square Renews Corner Store Lease in San Francisco
ZACKS· 2026-01-28 17:20
Core Insights - Square has renewed its lease for the Corner Store in San Francisco's Mission District, launching new programming to enhance local business engagement and community ties [1][8] - The Corner Store has been instrumental in driving local economic growth, processing over 20,000 daily transactions in the Mission District in 2025, with a 10% year-over-year increase in transaction volumes in the latter half of the year [2][8] - The BIGFACE Coffee residency has proven successful, increasing sales in the Mission by 11% during a two-week activation, leading to an extension of the residency until April 12 [3][8] Community Engagement and Programming - The Corner Store serves as a community hub, offering personalized coffee drinks, monthly spotlights on local businesses, and events with industry leaders [4] - Square is committed to supporting local businesses and cultural events throughout the year, indicating a long-term investment strategy in San Francisco neighborhoods [5] Market Performance - Square's shares have declined by 15.6% over the past three months, compared to a 13.3% decline in the industry [5]
Wealthfront Corp. Under Investigation By Block & Leviton; Investors Who Lost Money Following WLTH IPO Should Contact the Firm
Globenewswire· 2026-01-27 13:32
Group 1 - Block & Leviton is investigating Wealthfront Corp. for potential securities law violations following a significant drop in share price and concerning financial disclosures [1][2] - Wealthfront reported $208 million in net deposit outflows, a stark contrast to the previous year's $874 million in inflows, which contributed to a more than 15% decline in its stock price [2] - The investigation focuses on disclosures made during Wealthfront's IPO, particularly regarding the CEO's large controlling stake in the company's new home lending business [2][4] Group 2 - Investors who have lost money on Wealthfront common stock may be eligible to participate in the investigation, regardless of whether they have sold their shares [3] - Block & Leviton aims to recover losses for investors and may file legal actions if securities law violations are confirmed [4] - The firm encourages whistleblowers with non-public information about Wealthfront to assist in the investigation, with potential rewards for original information provided to the SEC [6]
Tocvan Announces Multiple Silver Zones In Debut Drill Results From The Gran Pilar Project North Block
Accessnewswire· 2026-01-23 07:05
Core Insights - Tocvan Ventures Corp. has announced the first analytical results from its initial drill program on the North Block of the Gran Pilar Project in Sonora, Mexico, indicating a promising silver-rich polymetallic system [1] Group 1: Drill Program Results - The initial five drillholes reported show strong evidence of high-grade silver (Ag) zones hosted within veins associated with silicified andesitic dikes and silicified andesite [1] - The presence of elevated levels of lead, zinc, antimony, and arsenic has been noted, which are key pathfinder elements typical of productive epithermal systems [1]
Reasons Why Investors Should Hold H&R Block Stock for Now
ZACKS· 2026-01-22 17:40
Core Insights - H&R Block (HRB) has a Growth Score of B, indicating a fair assessment of its growth quality and sustainability [2] - Earnings are projected to increase by 6% in fiscal 2026 and 7.9% in fiscal 2027, while revenues are expected to grow by 3.3% in fiscal 2026 and 2.4% in fiscal 2027 [2][9] Revenue Growth Drivers - Revenue growth is primarily driven by increased volume in U.S. assisted tax preparation, attributed to a rise in net average charge (NAC) and higher company-owned tax return volumes [3] - The DIY software offers comprehensive tax preparation services, empowering clients to manage their taxes independently through various platforms [3] Customer Relationship Enhancement - The Second Look offering reviews clients' past three years' tax returns to identify missed refund opportunities, thereby strengthening customer relationships [4] Technology Integration - H&R Block's commitment to technology advancement fosters customer trust and loyalty, with AI-powered tools enhancing the DIY tax preparation experience [5] Diversification and Client Base Expansion - Additional offerings such as Refund Transfers, credit products, and the Spruc mobile banking platform demonstrate the company's strategy to diversify and expand its client base [6] - The Spruc platform has achieved approximately 476,000 sign-ups and $1.75 billion in customer deposits by the end of fiscal 2025 [6][9]
Wealthfront Corp. ALERT: Securities Fraud Investigation by Block & Leviton Could Allow Investors to Recover Losses
Globenewswire· 2026-01-21 14:58
Core Viewpoint - Block & Leviton is investigating Wealthfront Corp. for potential securities law violations following significant net deposit outflows and disclosures regarding the CEO's stake in a new business venture [1][2]. Group 1: Company Performance - Wealthfront reported $208 million in net deposit outflows, a stark decline from the previous year's $874 million in inflows [2]. - The company's shares fell more than 15% on January 13, indicating a negative market reaction to the financial disclosures [2]. Group 2: Legal Investigation - Block & Leviton is looking into whether Wealthfront committed securities law violations and may pursue legal action to recover losses for affected investors [4]. - Investors who have lost money on their Wealthfront investments are encouraged to contact Block & Leviton for potential recovery options [3][5]. Group 3: Whistleblower Information - Individuals with non-public information about Wealthfront are invited to assist in the investigation or report to the SEC under the whistleblower program, with potential rewards of up to 30% of any successful recovery [6]. Group 4: Firm's Reputation - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [7].
Angkor Resources' Subsidiary Identifies Drill Targets On Block VIII Oil & Gas, Cambodia
Thenewswire· 2026-01-21 12:50
Core Viewpoint - Angkor Resources Corp. announces that its energy subsidiary, Enercam Resources Cambodia Co. Ltd., has identified four drill targets for exploratory oil and gas wells in Block VIII based on seismic data interpretation [1][2]. Group 1: Drill Targets and Geological Insights - EnerCam's technical team has interpreted seismic data covering 350-line kilometers across four subbasins in Block VIII, including the Kirirom subbasin, within a 4095 square kilometer license area [2]. - Dr. David Johnson highlighted the rarity of finding an undrilled fold-belt with multiple large anticlines, indicating significant potential for oil and gas reserves [3]. - The primary traps in the Bokor structures are expected to be located in gently folded seals and reservoirs adjacent to angular unconformities, with potential for multiple gas or oil accumulations in each well [4]. Group 2: Project Advancement and Environmental Assessment - The next step for the project involves conducting an Environmental Impact Assessment on the targeted drilling areas in the Bokor structures [5]. - The structures in the Bokor basin show similarities to the productive Nam Phong and Sinphuhorn fields in Thailand, which have yielded significant gas production over the past 20 years [5]. Group 3: Drilling Plans and Technical Details - Drilling is planned to test two primary objectives in each well, with depths potentially exceeding 3000 meters to evaluate prospective zones [6]. - The identified drill targets include South Bokor (mean area of 57 square kilometers), Central Bokor (mean area of 54 square kilometers), and North Bokor (mean area of 100 square kilometers) [8]. Group 4: Company Overview and Stock Options - Angkor Resources Corp. is a public company listed on the TSX-Venture Exchange, focusing on mineral and energy solutions in Cambodia [11]. - The company has granted 250,000 stock options to consultants at a price of $0.35 per share, with a term of 12 months, as part of its Stock Option Plan [9].
Tocvan Provides Gran Pilar Gold-Silver Project Update Advancing Pilot Mine Development and Drilling on South Block
Accessnewswire· 2026-01-21 07:05
Core Insights - Tocvan Ventures Corp. has made significant progress in preparations for the pilot mine at the Gran Pilar Gold-Silver Project [1] - The company is gearing up for an expanded drilling campaign alongside the pilot mining operations [1] Company Developments - The site for pilot mining operations is actively being prepared by the company [1] - Upcoming drilling phase is part of the company's strategy to enhance exploration and development at the Gran Pilar project [1]
Block’s Lending Tops $200B Across Cash App, Afterpay, Square
PYMNTS.com· 2026-01-20 12:00
Core Insights - Block has provided over $200 billion in credit through its various products, including Cash App Borrow, Afterpay, and Square Loans [1] - The company focuses on inclusive lending, targeting customers often excluded from traditional credit systems, and reports strong repayment behavior among these borrowers [2] Product Performance - Cash App Borrow offers short-term loans averaging 21 days, with 70% of borrowers having FICO scores below 580, and boasts a 97% repayment rate [3] - Afterpay, a buy now, pay later service, has seen 96% of installments paid on time [3] - Square Loans, aimed at small businesses, reports a loss rate of less than 3% [3] Data Utilization - Block employs near real-time behavioral data for underwriting instead of relying solely on credit bureau reports [3] - The internal Cash App Score is based on customers' earning, saving, spending, and repayment patterns [4] Competitive Advantage - The integrated ecosystem of Block provides unique advantages over traditional banks and pure-play credit companies, enabling better customer experiences and underwriting [5] - The interconnectedness of Block's services enhances customer retention and financial management capabilities [6] Market Position - Cash App has emerged as one of the largest consumer finance platforms in the U.S., with millions of users treating it as their primary bank account [7]
Block's Lending Tops $200 Billion Across Cash App, Afterpay and Square
PYMNTS.com· 2026-01-20 12:00
Core Insights - Block has provided over $200 billion in credit through its Cash App Borrow, Afterpay, and Square Loans products, targeting customers often excluded from traditional credit systems [1][2] Group 1: Credit Products and Performance - Cash App Borrow offers short-term loans averaging 21 days, with 70% of borrowers having FICO scores below 580 and achieving a 97% repayment rate [3] - Afterpay, a buy now, pay later product, reports that 96% of installments are paid on time [3] - Square Loans, aimed at small businesses, has less than 3% loss rates [3] Group 2: Technology and Risk Management - Block utilizes near real-time behavioral data for underwriting instead of traditional credit bureau reports, enhancing repayment behavior among its customer base [3][4] - The company's internal Cash App Score is based on customers' earning, saving, spending, and repayment patterns, allowing for better risk assessment [4] Group 3: Integrated Ecosystem - Block's integrated ecosystem provides unique advantages over traditional banks and pure-play credit companies, enabling a comprehensive financial picture for better customer experience [5] - The interconnectivity of Block's services, such as Cash App users spending through Square merchants, enhances customer retention and lending insights [6] Group 4: Market Position - Cash App has emerged as one of the largest consumer finance platforms in the U.S., with millions of customers using it as their primary bank account [7]