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Over 1100% Surge In Bitcoin Revenue Drives Square's Q1 Earnings Beat: What You Need To Know
Thursday, May 6, 2021 - 10:12pm | 503Read More...Square Inc’s (NASDAQ: SQ) Cash App generated 11 times more revenue from Bitcoin (BTC) in the first quarter of 2021 compared with a similar period last year. What Happened: Cash App’s BTC revenue stood at $3.5 billion while gross profit was $75 million, both of which have surged 11 times...
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Why Square, PayPal Are Top Picks In The Fintech Space Ahead Of Earnings
Wednesday, April 21, 2021 - 8:06am | 758Read More...Ahead of earnings from payment processing companies, an analyst at Rosenblatt Securities picked his five favorite names in the space. The Ratings: Analyst Sean Horgan maintained a Buy rating on PayPal Holdings, Inc. (NASDAQ: PYPL) and increased the price target from $320 to $350. The analyst...
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Who Are Coinbase's Competitors?
Wednesday, April 14, 2021 - 4:00pm | 1255Read More...Coinbase (NASDAQ: COIN) is one of the most highly anticipated IPOs the market has seen in some time. The company is going public with strong interest and an increased valuation for Bitcoin (CRYPTO: BTC), the largest cryptocurrency by market cap. Coinbase reported year-over-year revenue growth...
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Fintech Focus For April 6, 2021
Monday, April 5, 2021 - 5:51pm | 1606Read More...Quote To Start The Day: [S]tock declines of 30-40% are overdone, and growth names should begin to re-inflate. True, interest rates will likely rise over time. However, they still hover near record lows, and borrowers of all shapes and sizes can afford to pay more. Source: Adam Johnson One Big...
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Miley Cyrus Is Doing A $1M Giveaway For Cash App Users To Own Their Favorite Stock
Thursday, April 1, 2021 - 5:28am | 526Read More...Miley Cyrus is giving away $1 million worth of stock in partnership with financial payments company Square Inc.’s (NYSE: SQ) Cash App. What Happened: “Nothing is more important than investing in yourself. I want to spread ownership to as many people as I can, so I’m teaming up...
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Cash App Is Giving Away $1M In Bitcoin: What You Need To Know
Thursday, March 18, 2021 - 1:05pm | 329Read More...Bitcoin (CRYPTO: BTC) prices were up 8.6% on Thursday to near $60,000 after Square Inc (NYSE: SQ) announced a new Cash App feature allowing users to instantly send bitcoin to other $cashtags for free. What Happened? On Wednesday, Cash App said its users can now instantly send bitcoin for free on...
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Cathie Wood: Fintech Is One Of The 'Most Misunderstood' Technology Platforms
Saturday, March 6, 2021 - 2:42pm | 497Read More...Ark Funds CEO and Founder Cathie Wood joined Benzinga’s “Raz Report” this week and discussed the history of Ark Funds. Wood shared her thoughts on the fintech market, where she sees huge growth ahead. Wood on Fintech: “We think that fintech is probably one of the most...
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Square CFO Says Bitcoin 'Is Aligned With Our Purpose' Of Economic Empowerment
Wednesday, February 24, 2021 - 6:20pm | 352Read More...Fintech company Square Inc (NYSE: SQ) exchanged $170 million worth of its cash to Bitcoin (CRYPTO:BTC) because it "is aligned with our purpose" of economic empowerment, Square CFO Amrita Ahuja said on CNBC's "Squawk Alley." See also: Best Online Stock Brokers What Is...
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Square Analysts React To Q4 Earnings: 'Deceleration Somewhat Surprising'
Wednesday, February 24, 2021 - 12:31pm | 533Read More...Square Inc (NYSE: SQ) shares dropped 6% despite the digital payment company reporting a fourth-quarter earnings beat on Tuesday afternoon. Square reported fourth-quarter adjusted EPS of 32 cents on revenue of $3.16 billion. Both numbers topped consensus analyst estimates of 24 cents and $3.1...
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Square Stock Rises As Traders Speculate Frustrated Robinhood Users Could Switch To Cash App
Thursday, January 28, 2021 - 4:46pm | 480Read More...Square Inc (NYSE: SQ) shares traded higher Thursday, and Robinhood restrictions on buying popular WallStreetBets stocks like GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings Inc (NYSE: AMC) could be driving the Square buying. What Happened? The trading restrictions have angered...
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Fintech Focus For January 4, 2021
Sunday, January 3, 2021 - 12:58pm | 1446Read More...Quote To Start The Day: Cheers to a new year and another chance for us to get it right. Source: Oprah Winfrey One Big Thing In Fintech: The banking industry has not been spared from the impact of Covid-19. Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B...
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Square's Cash App Will Now Let Users Get Cashbacks In Bitcoin
Monday, December 21, 2020 - 7:13am | 480Read More...Square Inc’s (NYSE: SQ) Cash App will allow the user of its Cash Card to earn Bitcoin for the purchases they make. What Happened: The Jack Dorsey-led company announced the addition of Bitcoin as a “Boost” on Twitter. New right now: earn bitcoin instantly when you use your Cash...
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Square's Cash App Launches A Clothing Line Because, Clearly, Bitcoin And Stocks Aren't Enough
Friday, December 4, 2020 - 1:58am | 425Read More...Square Inc’s (NYSE: SQ) Cash App is launching a line of clothing, which it is referring to, rather congruously, as “Cash.” What Happened: The launch of the apparel collection was announced on Twitter by Cash App. Introducing our apparel collection, Cash by Cash App. Explore...
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Evercore ISI Upgrades Square On Cash App Prospects
Thursday, December 3, 2020 - 11:15am | 233Read More...Square Inc (NYSE: SQ) Is poised to benefit from the potential for Cash App to sustain “extraordinary growth” through rapid innovation and expansion of its total addressable market, according to Evercore ISI. The Square Analyst: Rayna Kumar upgraded Square's stock rating from In Line...
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Analyst Sees Square Hitting $300 On The Back Of Bitcoin-Heavy Cash App
Monday, November 23, 2020 - 8:00am | 408Read More...Mizuho analyst Dan Dolev has upped his price target for Square Inc (NYSE: SQ) stock from $225 to $300 as the company’s Cash App digs into geographies where PayPal Holdings Inc (NASDAQ: PYPL) enjoys popularity. What Happened: Dolev analyzed Google search trends to theorize that Cash App...
