Block’s Q2 Beat Overshadowed by Cautious Guidance as Stock Falls
Block beat Q2 with $3.17B gross profit (+25%) and raised 2026 guidance, yet shares fell on softer Q3 outlook and modest user growth.
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Stripe and Advent's $53B Bid for PayPal Deemed Inadequate by Board
The board has not yet formally responded to the proposal.
Block Raises 2026 Profit Outlook as Cash App Goes on a Tear
Block raised its profit forecast as Cash App booms, driving strong growth, more users, and better results.
Loop Capital Launches Coverage on Payments Stocks – Block Gets Buy Rating at $75
Full list of ratings for payments stocks including Visa, Mastercard, PayPal & more.
Private Credit Squeeze Hits Fintech Loans: Stone Ridge Caps Redemptions at Just 11%
Stone Ridge's $2.4B LENDX fund limits withdrawals to 11% amid heavy redemptions in fintech loans from Affirm, Block, Upstart. Investor concerns widen.
Block Reborn as Neobank? Upgrades from Truist and Rothschild Signal Renewed Confidence Post-Layoffs
Truist upgrades Block to Buy with $77 target after 40% workforce cut & AI savings. Rothschild lifts to Neutral, citing Cash App Borrow growth & neobank valuation—mixed views on loan risks.