Block (Square) Stock News

Block Inc. raised its full-year outlook on key metrics Thursday while outlining changes to its sales strategy.

DISTRIBUTED-WORK-MODEL/OAKLAND, Calif.--(BUSINESS WIRE)--Block, Inc. (NYSE: SQ) has posted its results for the second quarter of 2024 on the Financials section of its Investor Relations website at investors.block.xyz and filed these results with the Securities and Exchange Commission. Block will host a conference call and earnings webcast at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time today t...

After softening over the past couple of weeks, there was a sense in yesterday's session that perhaps the market is ready to turn north once again. The benchmark indices all had some of their best days in recent weeks, with the S&P 500 finishing up 1.5% and the tech-heavy NASDAQ finishing up more than 3%.

Block's two ecosystems continue to resonate with their customer bases and grow in popularity and engagement. The company has made cost efficiency a priority, and it's making good progress.

Though fintech stocks are particularly sensitive to artificial intelligence (AI) developments or Big Tech partnerships, most of the heavy hitters in the sector have been asleep at the wheel this year.

Block is looking to leverage its Cash App into becoming a leading online bank with a financial "ecosystem." Q1 results showed continued growth and improvement but nothing game-changing. The transformation that Block wants will be a gradual one, and there are other businesses that seem to be ahead.

Many of the market's top payment stocks have been caught flat-footed amid the past year run in tech stocks. Undoubtedly, some of the top innovators in payments are leveraging financial technology in a way that makes it easier and more convenient for consumers to transact.

Investing guru Cathie Wood still attracts a large following. Although the founder of the Ark Invest family of exchange-traded funds (ETFs) is trailing the market by a wide margin in 2024.