- American City Business Journals•yesterday
In an attempt to attract more early-season tax filers — a sore point last tax season — H&R Block Inc. is teaming up with several financial institutions to offer interest-free Refund Advance loans to clients. The move comes after the company saw its early-season tax preparation volumes drop 12.1 percent last tax season, according to its fiscal third-quarter earnings , and then saw full fiscal-year earnings drop by $103 million . H&R Block's management team said the losses were partially due to increased competition for early-season client from independent tax preparers.
- Business Wire•yesterday
BofI Federal Bank , the banking subsidiary of BofI Holding, Inc. has entered into agreements with certain H&R Block entities, MetaBank, and Specialty Consumer Services to perform certain disbursement and repayment services and provide up to $700 million of funding of interest-free Refund Advance loans to tax preparation customers in H&R Block’s retail locations for the 2017 tax season.
H&R Block, Inc. (HRB)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||22.68 x 31800|
|Ask||22.69 x 24800|
|Day's Range||22.63 - 22.92|
|52wk Range||19.18 - 37.53|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||15.35|
|Avg Vol (3m)||2,381,607|
|Dividend & Yield||0.88 (3.83%)|