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Shares of H&R Block jump after it announces an exclusive partnership with Walmart

Shares of H&R Block jumped nearly 1 percent Tuesday after the company announced an exclusive partnership with Walmart.

The deal will make H&R Block the sole tax software provider at Walmart stores.

H&R Block will be “the new, exclusive do-it-yourself desktop tax software provider available at Walmart stores nationwide, and sold directly by Walmart on,” the report said. “This exclusive retail partnership brings the value, innovation and support of H&R Block do-it-yourself desktop software products to the world’s largest retailer, making the do-it-yourself products even more convenient for clients.”

H&R Block has underperformed the market in the past 12 months, falling as news of a simplified tax code made its way through Congress in the final months of 2017.

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