The fintech company's CEO has his eyes on a booming digital asset. With Square for merchants and Cash App for individuals, Block (SQ 1.77%) operates two thriving ecosystems. These two segments are leaders in their respective markets, a standing that has led to this business carrying a $45 billion market cap. Since its initial public offering in 2015, this top fintech stock has doubled the gain of the Nasdaq Composite Index. However, it's currently 74% below the peak price set in August 2021 (as of May 17). ...

PM Images A Brand Of Personality And A Future-Oriented Ecosystem Block, Inc. (NYSE:SQ) has many attractive features as a company, which, in my opinion, includes Jay-Z on the board of directors after Block acquired the majority of TIDAL from him. His impact on the company is stark from a marketing front, and when viewing Block's website, you can see the influence of pop music culture. Investors may already know Block well, but for those who don't, let me give you a brief breakdown of the company's core opera ...

NEW YORK, May 16, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Block, Inc. ("Block" or the "Company") (NYSE: SQ). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether Block and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On May 1, 2024, NBC News published an ...

Key Points Block Inc. beat Q1 2024 EPS by two cents as revenues rose 19.6% YoY to $5.97 billion, beating $5.83 billion consensus analyst estimates. Cash App revenues surged 23% YoY to $4.17 billion, and total inflows rose by 17% to $71 billion. Afterpay, its buy-now-pay-later (BNPL) service will be integrated into the Cash App Card. 5 stocks we like better than Block ...

Investors will find many reasons to like this business. Block (SQ 0.45%) has taken its investors on a wild ride. Shares were once a huge winner in the years leading up to the all-time high reached in August 2021. It helped that the stock market performed well during that time. But with general pessimism surrounding growth-oriented businesses in more recent times, particularly ones that benefited greatly during the depths of the pandemic, it's been a disappointing story since. This fintech stock currently tr ...

Phillip Faraone/Getty Images Entertainment Block (NYSE:SQ) remains a compelling investment even if it appears to be mired in controversial waters. Heading into its latest earnings report, the stock dipped amidst reports of a federal probe into its cryptocurrency transactions. Management dismissed these reports on their call, but spent a considerable amount of time discussing their cryptocurrency ambitions in the shareholder letter. That may be an issue given that I suspect many investors are not invested in ...

Phillip Securities upgraded Block in the aftermath of its earnings report last week. The stock market reacted to Block's (SQ 3.06%) first-quarter earnings report last week. The fintech stock initially jumped out of the gate as Wall Street applauded better-than-expected results on the top and bottom lines, but the gains didn't stick. By the end of the day on May 3, the stock was down 1%. However, one Wall Street analyst is doubling down on the initial bullish response to the results, upgrading the stock and ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which look ...

Management's focus on growth and profits is yielding results. The S&P 500 is arguably the most followed stock index in the world. It's existed in its current form since 1957 and tracks the 500 largest and most profitable publicly traded companies in the United States. Consequently, it's a benchmark for the stock market and the economy. The obvious implication is that the constituents of this index are some of the biggest and the most influential companies in the world. If they're succeeding or struggling ov ...

This billionaire's Bitcoin investment plan follows a solid fundamental approach to buying volatile assets. The price of Bitcoin (BTC 0.66%) is primarily determined by the law of supply and demand. Since there's a fixed supply of the cryptocurrency, growing demand will lead to a higher price. And demand could be increasing due to a big new buyer. Jack Dorsey, the CEO of fintech Block (SQ -2.58%), devoted his entire first-quarter letter to shareholders to talk about Bitcoin. Among his comments, he noted Block ...