Block (H.&R.), Inc. Stock Price, News & Analysis

The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine recently recognized Alphabet Inc. (GOOGL) as its "Stock to Study" and H&R Block Inc. (HRB) as its "Undervalued Stock" for May 2022. The announcement emphasizes the importance of regular investing regardless of market conditions, as highlighted by NAIC's CEO Ken Zendel. BetterInvesting aims to empower investors through education and tools. The selections are intended for informational use only and do not constitute investment recommendations.

H&R Block (NYSE: HRB) announced the promotion of Kate Haynes to Vice President, Corporate Secretary, and Chief Ethics Officer. Haynes, with over six years at the company, will oversee legal support for securities reporting, corporate governance, executive compensation, and compliance matters. Her recent achievements include leading the company's first virtual shareholder meeting and supporting public debt offerings. CEO Jeff Jones highlighted her contributions to the company's transformation journey.

H&R Block (NYSE: HRB) has committed $1 million to support female college athletes in the first tax season since NCAA NIL regulations. This initiative targets the equity gap in sponsorships, as women athletes typically receive less support than their male counterparts. The company will also assist with tax preparation for these athletes, including partnerships with notable players like Caitlin Clark and Zia Cooke. H&R Block aims to raise awareness about gender disparities in college sports through its 'A Fair Shot' program.

H&R Block (NYSE: HRB) announces that taxpayers can receive their federal tax refunds up to five days earlier when deposited directly to their Spruce spending account. A survey reveals that 73% of financially struggling individuals plan to save their refund, yet only 44% succeed, often due to unexpected expenses. Spruce aims to help users be intentional with their finances, promoting savings for specific goals. The mobile banking platform includes features for better money management, further enhancing customer financial empowerment.

H&R Block and MX have launched the Spruce mobile banking platform aimed at increasing financial inclusion. The platform enhances consumer experience by providing insights into spending habits and financial management. With the support of MetaBank, Spruce offers transparency in managing money and reaching financial goals. Over 30% of Americans would struggle to cover an unexpected $400 expense, demonstrating the need for better financial tools. This partnership aims to empower users in their financial journeys.

H&R Block will host a virtual analyst event on March 9, 2022, at 9:30 a.m. EST to showcase its new mobile banking platform, Spruce. The live event will feature CEO Jeff Jones, CFO Les Whiting, and VP John Thompson, followed by a Q&A session. Spruce aims to assist users in managing their finances with transparency and accessibility, extending H&R Block's services beyond tax preparation. A replay will be available starting March 10, 2022, for 90 days on the investor relations website.

Galileo Financial Technologies, owned by SoFi Technologies (SOFI), has launched Spruce, a mobile banking platform developed in collaboration with H&R Block (HRB). Spruce offers features such as a spending account with debit card services, budgeting tools, early paycheck access, and overdraft protection. The launch coincides with a growing consumer shift towards digital banking, with 44% of U.S. consumers using digital-only banks. The partnership aims to enhance financial inclusion and stability, leveraging Galileo's robust technology platform.

H&R Block shares insights from the “Pulse on Help” study, revealing that 90% of Americans find it acceptable to seek help amidst financial stress. Key concerns for 2022 include finances (46%), physical health (38%), and emotional well-being (32%). Experts emphasize that asking for help is a form of self-care. H&R Block highlights its readiness to assist taxpayers with recent tax changes like child tax credits and stimulus payments. The company offers various filing methods, including online and in-person services, to facilitate stress-free tax preparation.