H&R Block (HRB) to Sell Banking Division

Shares of H&R Block Inc. (HRB), were trading up +1.89 or +6.65 percent to $30.31 per share in pre-market trading early Friday, after the company announced late yesterday that it would be selling its banking unit to BofI Federal Bank. The sale of the unit will take H&R Block off the Federal Reserve radar as the central bank will no longer have oversight of the company without a banking division.

H&R Block stock closed down -0.76 or -2.60 percent to $28.42 per share in Thursdayâ s regular trading session. BOFI Holdings Inc. (BOFI) â

Published on Apr 11, 2014
By Jay Hawk
Jay Hawk
Jay Hawk enjoyed a 12-year professional financial markets career incorporating extensive first hand futures and options experience obtained by trading in the stock, commodity and forex markets on U.S. exchanges. Since retiring as a full-time financial market professional, he has been actively trading stock, commodities, forex and options for his own account and managing funds for others, as well as writing financial market commentary and educational articles.

Copyrighted 2016. Content published with author's permission.

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