Intuit Stock Price, News & Analysis

Intuit (Nasdaq: INTU) has launched an updated Mint app to improve financial management for users. Key features include subscription monitoring, enhanced visualization of net worth, and personalized Mintsights for tailored financial advice. The redesign focuses on usability, allowing for bulk editing of transactions, income tracking, and easier access to important financial information. The app aims to empower users to manage their finances effectively, making it available to millions through the iOS platform.

Sasan Goodarzi, CEO of Intuit, will present at the Goldman Sachs Technology and Internet Virtual Conference on January 12. The presentation starts at 11:00 a.m. Pacific time (2:00 p.m. Eastern time) and will be available live via audio webcast on Intuit’s investor relations site. A replay will be available approximately 24 hours post-presentation.

Intuit aims to power prosperity globally with its financial products like TurboTax, QuickBooks, and Mint. The company serves over 50 million customers worldwide.

Intuit Inc. (Nasdaq: INTU) has unveiled its 2021 brand campaign titled “Straight To You” for TurboTax. This campaign highlights the expertise of TurboTax Live tax experts, allowing users to choose the level of assistance they need while filing taxes. Featuring seven films in both English and Spanish, the campaign will be broadcasted across various platforms, culminating with a Super Bowl ad. The unique approach showcases scenarios relevant to diverse taxpayers, reinforcing TurboTax's commitment to personalized tax solutions.

Intuit's QuickBooks has launched the next phase of its "BACKING YOU" campaign, introducing the "Journey to Success" initiative in the U.S. and Canada. This campaign, featuring baseball legend Alex Rodriguez, will showcase two small businesses' success stories with QuickBooks' tools. The campaign aims to empower small businesses by demonstrating how QuickBooks' suite of services like Payments, Payroll, and Live Bookkeeping can enhance their operations. The campaign continues a successful legacy initiated in 2017, further solidifying QuickBooks as a trusted partner for small businesses.

The NFL and Intuit have renewed their official partnership through 2022. TurboTax Live will continue as the presenting sponsor for the AFC and NFC Divisional and Championship games during the 2020 season. This partnership expands from 2019, when TurboTax Live became the first-ever presenting sponsor of both Championship Games. Intuit aims to connect with NFL fans to promote their tax and financial solutions, especially during tax season. Additionally, Intuit remains the NFL's official sponsor for financial and accounting software, continuing their long-standing relationship.

Intuit Inc. (Nasdaq: INTU) has updated its fiscal year 2021 guidance following the completion of its acquisition of Credit Karma on Dec. 3. The company anticipates revenue between $8.810 billion and $8.995 billion, reflecting a 15-17% growth, despite a projected decline in GAAP operating income by 9-12%. Credit Karma is expected to contribute $545 million to $580 million in revenue and $15 million to $35 million in operating income. For Q2 2021, Intuit forecasts revenue between $1.935 billion and $1.965 billion.

Intuit has successfully completed its acquisition of Credit Karma for approximately $3.4 billion in cash and stock. This strategic move aims to enhance consumer finance offerings, creating a platform to assist over 110 million Credit Karma members and 57 million Intuit customers in better managing their finances. With growing consumer financial challenges exacerbated by the pandemic, Intuit plans to deliver innovative financial solutions, including better access to credit products and financial advice.

Intuit (Nasdaq: INTU) has launched TurboTax Live Full Service, expanding its offerings in the assisted tax preparation category. This new service connects taxpayers with dedicated tax experts who prepare and file tax returns remotely. TurboTax processes nearly 40 million returns annually, and the Live Full Service matches users based on their unique situations, allowing for secure document uploads and video consultations. The service aims to maximize tax deductions and provide a seamless filing experience.

Intuit (Nasdaq: INTU) has announced significant progress in its acquisition of Credit Karma, having entered into a consent decree with the U.S. Department of Justice and an Assurance of Discontinuance with the New York State Attorney General. This puts the merger closer to completion, subject to customary closing conditions. In tandem, Credit Karma will divest its Tax business to Square (NYSE: SQ), contingent on the successful closing of the acquisition. The merger aims to enhance financial services for consumers at a time when personal finance challenges are critical.