Block wins over skeptics as BofA raises estimates following post-restructuring rebound

Block Inc (NYSE:SQ) is beginning to silence investor skepticism around its sweeping workforce reduction, with Bank of America raising its earnings estimates and reaffirming its Buy rating following the payments company's latest quarterly results. The Wall Street bank bumped its adjusted EPS estimate to $5.37 from $5.07 and maintained its $100 price objective, citing early evidence that Block's structural reset (which included a roughly 40% cut to its workforce) is translating into measurable gains in efficiency, margins, and operating cadence.