H&R Block, Intuit stocks fall on news of a potential free tax-filing app by Trump transition team
Portfolio Pulse from
H&R Block and Intuit stocks declined following news that the Trump transition team is considering a free tax-filing app. Intuit's stock fell 5%, and H&R Block's stock dropped 8%, marking significant declines for both companies.
November 19, 2024 | 7:15 pm
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NEGATIVE IMPACT
H&R Block's stock fell 8% after news of a potential free tax-filing app by the Trump transition team, marking its worst day since 2020.
The potential introduction of a free tax-filing app poses a direct threat to H&R Block's business model, leading to an 8% drop in stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Intuit's stock fell 5% after news of a potential free tax-filing app by the Trump transition team, marking its worst day since August 23.
Intuit, maker of TurboTax, faces potential competition from a free tax-filing app, leading to a 5% drop in stock price.
CONFIDENCE 100
IMPORTANCE 85
RELEVANCE 100