Payments Reboot: BofA Restarts Coverage with 5 Buys and Attractive Entry Points
BofA reinstates coverage with Buy ratings on Visa, Mastercard, Block, Affirm, Klarna — Neutral on PayPal.
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Jack Dorsey Halves Block's Workforce in 'Intelligence-First' Overhaul
Jack Dorsey’s Block slashes workforce by nearly half (4,000 jobs) to become AI-first. Strong 2025 growth + stock jumps 24% after bold restructure.
Block Shares Slide After Underwhelming Conference Comments
Block (XYZ) stock drops after cautious remarks from its Business Lead at UBS’s 2025 Tech & AI Conference, highlighting slowing growth and seasonal pressures.
Block Forecasts Strong Profit Growth With Cash App & Square Integration
Block expects faster profit growth through 2028, driven by Cash App and Square integration, AI tools, and new product launches.
Truist Upgrades Block Stock Amid Improved Risk/Reward Profile
Truist upgrades Block from Sell to Hold with $68 price target, citing improved risk/reward after recent stock pullback and stronger Square segment momentum.
Block Stock Plunges 10% After Missing Q3 Profit Expectations
Block's Q3 earnings miss sends shares tumbling 10% as Square growth slows and adjusted EPS falls short of Wall Street estimates despite Cash App gains.