Investing
Alter Ego Alert: H&R Block With Wal-Mart (HRB, WMT, INTU)
Published:
Last Updated:
H&R Block, Inc. (NYSE: HRB) comes under fire from time to time, and this morning may be an image-changing announcement. The tax preparation service provider is going to start providing tax preparation services in approximately 300 Wal-Mart locations for Wal-Mart Stores Inc. (NYSE: WMT).
The pact is only a month out as the plan calls for these services at Kiosks starting in December. What will seem ironic is that H&R Block noted some 11,000 offices in its press release, so this will not even add 3% to the total locations.
Some expansion moves make sense. This might be a good way for H&R Block to get its name out there in more locations and to recruit new clients, but a professional and financial services firm is taking a risk by going inside Wal-Mart. If Wal-Mart’s current labor criticisms grow then the companies doing business with Wal-Mart will start to come under fire as well.
Intuit Inc. (NASDAQ: INTU) currently sells its TurboTax, Quicken, and QuickBooks software packages at Wal-Mart. It would be unlikely for that to end.
Hopefully Wal-Mart won’t open up kiosks for divorce and personal injury lawyers as well.
JON C. OGG
Are You Still Paying With a Debit Card?
The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.
Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!
Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!
Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.