Block Pursues National Trust Bank Charter to Custody Bitcoin and Stablecoins

Block aims to establish a national trust bank that would provide custody and related fiduciary services, including those for bitcoin and stablecoins, the company said in a Tuesday (Sept. 8) press release.

PYMNTS • 13 hours ago

Block Applies to Establish Builders Bank, a National Trust Bank

DISTRIBUTED-WORK-MODEL/OAKLAND, Calif.--(BUSINESS WIRE)--Block, Inc. (NYSE: XYZ) today announced that it has submitted an application to the Office of the Comptroller of the Currency (“OCC”) to establish Builders Bank & Trust, N.A. (“Builders Bank”), an uninsured national trust bank. If approved, Builders Bank would operate as a federally regulated national trust bank under OCC supervision and would provide custody and related fiduciary services, including for bitcoin and stablecoins. The c.

Business Wire • 18 hours ago

Block Applies to Establish Builders Bank & Trust

The financial technology company is seeking to establish a federally regulated, uninsured national trust bank called Builders Bank & Trust.

WSJ • 17 hours ago

Block's Richer Fintech Ecosystem Drives Accelerated Growth Prospects - Consolidation Risks Ahead

XYZ's Square and Cash App segments show accelerating growth metrics, as the richer ecosystem drives the strong seller/user adoption and higher repeat engagements. Solid H1'26 results support the twice-raised FY2026 guidance and execution towards ambitious FY2028 guidance, despite the tougher YoY comparison in FY2027. The robust profitable growth metrics underscore XYZ's cheap P/E of 20.45x while unlocking a rich upside potential to my LTPT of $129.90.

Seeking Alpha • Sep 8, 2026

Jeff Bezos, Cathie Wood Argue That AI Will Create a Labor Shortage, Not Job Losses

The biggest debate around artificial intelligence has centered on whether it will create widespread unemployment. Amazon.com, Inc. (NASDAQ:AMZN) founder Jeff Bezos and Ark Invest CEO Cathie Wood argue the opposite: AI will increase demand for workers and create labor shortages.

Benzinga • a day ago

Block: The 40% AI Restructuring Is Paying Off Ahead Of Schedule

Block is delivering accelerating top line growth and substantial margin expansion post-restructuring, driven by Cash App lending and operational efficiencies. XYZ posted 25% YoY gross profit growth and a 27% adjusted operating margin, both exceeding guidance, with Cash App origination volumes up 59% YoY. The stock trades at ~20x earnings, with consensus expecting double-digit top line growth and significant operating leverage; I reiterate my buy rating.

Seeking Alpha • Sep 7, 2026

Block: Banking Actives Build While Merchant GPV Rises

Block is positioned as an AI adopter, leveraging technology to reduce headcount and drive operating efficiency. Q2 earnings demonstrated strong merchant transaction growth for Square, supporting renewed investor enthusiasm and a ~20% price gain since June. I reiterate my buy rating, citing Block's meaningful guidance lift and rising engagement across its diversified product portfolio.

Seeking Alpha • Sep 7, 2026

Why Block (XYZ) is a Top Stock for the Long-Term

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Zacks Investment Research • Sep 4, 2026

Block (XYZ) Up 5.5% Since Last Earnings Report: Can It Continue?

Block (XYZ) reported earnings 30 days ago. What's next for the stock?

Zacks Investment Research • Sep 4, 2026

Block Lets Lenders Access Cash App Credit Insights

Block says it is opening its Cash App score to external lenders for the first time. Using Nova Credit as a distribution partner, Block will make Cash App's proprietary, cash flow-based credit score available to lenders via Nova Credit's Cash Flow Intelligence Platform, the company announced Tuesday (Sept.

PYMNTS • Sep 1, 2026