Block, 20% of 20% as the triggers of the cash app

Block Shares are over 20% for earning more than 20% for the second worst day brutal quarterly report and an analytical wave is centered in an issue: Cash app.

In the first quarter, the Wall Street, including Wall Street, including Wells Fargo, Searport, BMO and Benchmark – a very flagged fresh concerns around a soft macro environment, which can view the silent consumer request and monetization.

“The number of stagnation in the number of active users of the application is more concerned about the reduced spending of users,” Benchmark wrote a blocked block to celebrate.

The financial services company, along the plaque, reduced the volume of income, total profit and payment, total profit and payment, macro uncertainty, more than expected costs and lower levels.

“I just don’t think we pay attention to our attention and network and network density, and this is our foundation,” he said. CEO Jack Dorsey He said about the call of earnings. “Of course, we want to deal with our customers and no stuns to borrow.

Cash application, $ 1.38 billion in total profit in the first quarter, 10% a year ago, but shy from $ 1.42 billion in Straescing consensus. Monthly assets remain flat at 57 million – and the streams have increased only 8%, despite the placement of cash card and a full-fledged bank alternative to the cash application on the cash card.

Wells Fargo called “red flags in numerous money applications”, and the seaport pointed to a few quarters of the negative GPV growth. Morgan Stanley, who reiterated the excessive overweight rating, which calls the money application “surprisingly”, especially in the international markets, despite the fact that it is better to emphasize a better point in square seller.

BMOs lowered the character to the market. Wells Fargo “Putting the swampy until the second half” he said. Seaport Neutral, in writing: “Real Jack Dorsey will please stand up?”

Still, some have kept optimism Bank of America To repeat the purchase rating, the fund is worthless and Morgan Stanley It said it was an attractive close-term entry point.

Block Turnaround plan loan hinges. The company, Cash App Debt – Now the loans approved by the Federal Savings Insurance Corp. will double the number of loans through the bank subsidiary and will improve margins by bringing services at home.

The market is expected to jump up to 50% in Q2 because the marketing consumption is visible to increase the increase in half of the year.

“We are not confident in such a rebound probability to advise you to get a share in weakness,” he said.

Meanwhile, the opponent shows the signs of venmo acceleration.

Parent company Paypal 20% revenue for the grave reported 20% income to apply by adopting increased by increasing Venmon’s Debit CardGrowing volume during instant transfers and inspection. PayPal said that a user has been improved by not disclosing an exact income figure for Venmo – a clear impetus to divide venmo in e-commerce streams.

More than two different strategies are opened: Cash application is based on loan and banking while spending in Venmo checkout. But the goal is but the same: to have the consumer wallet.

Currently, Venmo, the cash application is reconstructed.