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Why Square Stock Shot 5.5% Higher Today

TheMotleyFool

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Ever-ambitious financial services company Square (NYSE: SQ) was a stock market champ on Tuesday, with its shares closing almost 6% higher on the fulfillment of one of its big aims: The company now offers banking services.

Square officially launched a new suite of banking services on Tuesday. As per its habit, it's packaging these into a rather prosaic brand name: Square Banking. This comprises two main products, the self-explanatory Square Savings and Square Checking. This pair joins an existing one, Square Loans; no prizes for guessing what this service features.

Image source: Getty Images.

Source Fool.com

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