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H&R Block sheds bank and unveils $3.5 billion stock buyback plan

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That’s because H&R Block still has $1.2 billion left on a current share buyback plan. Shares outstanding peaked at 339 million in the third quarter of 2009, a figure that currently stands at 300.

Restricting stock buybacks would also harm the 55 million workers that own a 401k and the 54 percent of Americans that own stocks. A recent floor speech by Sen. Pat Toomey (R-Pa.) highlights how stock buyback elimination would harm these workers: "This idea would be very harmful to the people that it’s presumably meant to help.

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Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

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Updates, advisories and surprises. reported that fiscal-third-quarter net income and revenue rose 10% and said it couldn’t yet quantify the impact of its plan to buy $2 billion of asset-backed.