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.
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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.
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.
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.