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Block XYZ and Affirm AFRM are well-known providers in the rapidly evolving fintech sector. Both companies have gained significant attention in the market for their innovative approaches to digital payments and buy-now-pay-later (BNPL) services.

SAN DIEGO , April 17, 2025 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP, a leading stockholder rights law firm, has initiated an investigation into the board members and executive officers of Block, Inc. (NASDAQ: XYZ) for potential breaches of fiduciary duties and violations of the federal securities laws.

Block (XYZ -2.56%), the fintech company formerly known as Square, was once a hot growth stock. It went public in 2015, and its revenue grew at a compound annual growth rate (CAGR) of 55% from 2015 to 2021.

Block, Inc. has diversified business segments with strong revenue from Square and Cash App, despite slowing user growth from the latter. The stock is undervalued, trading at 12x trailing earnings, making it attractive compared to the overvalued broader market. Block's sensible Bitcoin strategy allows for potential gains without being over-exposed. Bitcoin transactions make up a small portion of the company's total gross profit.

Block, Inc. trades at the same levels it did in 2017, yet it has grown its business by 10x since then. The company has a strong balance sheet and has made meaningful strides in profitability. Key catalysts include the Afterpay integration and heightened commitment to margin expansion.

Block's mixed Cash App performance in FQ4'24 and lumpy FQ1'25 guidance have triggered the stock's selloff, worsened by the uncertain macroeconomic environment. With the fintech's payment volume growth/gross profit growth decelerating, we can understand why the market has decided to discount its near-term prospects. This is despite the fintech's expanding profit margins, richer balance sheet, and promising FY2025 guidance, as we observe an increasingly crowded digital payment/wallet market.

OpenAI and H&R Block said on Tuesday that they're working together to to develop a new generative AI tool to help tax professionals. The service will help H&R Block reps stay up to date on tax code changes and more quickly help with unique and complicated scenarios.

Joint initiative merges world-class tax expertise with advanced AI capabilities to enhance real-time assistance for 60,000 tax pros to support millions of taxpayers Joint initiative merges world-class tax expertise with advanced AI capabilities to enhance real-time assistance for 60,000 tax pros to support millions of taxpayers

One of the most important trends that has shaped the economy during the past decade has happened at the intersection of financial services and technology. Two companies, Block (XYZ 1.89%) and PayPal (PYPL 3.22%), are among those enterprises leading the charge.

SAN DIEGO, April 11, 2025 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP announces that a class action lawsuit has commenced on behalf of investors of Zynex, Inc. (NASDAQ: ZYXI). The lawsuit seeks to recover losses on behalf of investors who acquired their securities between March 13, 2023 and March 11, 2025, both dates inclusive (the "Class Period"). If you wish to serve as lead plaintiff, you must move the Court no later than May 19, 2025.