Scotiabank Initiates Coverage of Block, Inc. - Depositary Receipt (BSQKZ) at Sector Perform

Scotiabank initiated coverage of Block, Inc. – Depositary Receipt (OTCPK: BSQKZ) on Sept. 2, 2026 with a “Sector Perform” rating, according to Fintel. Block, formerly known as Square, is headquartered in San Francisco and operates in financial services and digital payments, including Square payment hardware, Cash App, TIDAL, and crypto-related offerings such as Bitcoin trading. In an Aug. 5, 2026 Form EX-99.1 filing containing its Q2 2026 shareholder letter, Block reported year-over-year gross profit growth of 25%, with Cash App gross profit up 31% and Square up 13%. The company also cited a 14% operating income margin and raised full-year guidance. Consensus targets show a mean of $83.91 and a median of $84.69 as of Feb. 3, 2026, down from $112.11 on Nov. 17, 2025.