Company
NYSE:HRB
H&R Block is a diversified company with subsidiaries that deliver tax, financial, mortgage and business products and services. It operates more than 9,000 tax offices and 98 Financial Centres in the United States, as well as more than 1,000 tax offices in Canada, Australia, and the United Kingdom.
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US stocks hit fresh record highs on Wednesday, with the S&P 500 marking its biggest single-day gains since the presidential elections, as investors largely shrugged off declines in health care stocks
US stocks closed sharply lower on Monday, especially small-caps, as energy stocks dragged tickers lower despite renewed optimism OPEC will thrash out a supply-cutting deal for oil on Wednesday
H&R Block Inc, the tax services provider reported an adjusted loss of 55 cents per share for its latest quarter, 2 cents a share wider than anticipated, but analysts at Wedbush maintained a neutral rating on Wednesday
US markets have moved into consolidation mode after a bright opening, as investors mull a slew of economic indicators.
Stocks are consolidating early gains, and with Chinese markets closed for the rest of the week there is a chance that a welcome period of limited volatility could be about to start.
Share prices have rebounded as expected, but already there are signs of profit taking.
Investments and investor services
As expected, US shares have rallied, but they were already off the top after an hour of trading.
