The digital bank is going places, even though its stock has been falling. SoFi Technologies (SOFI 1.30%) stock's decline has got to be one of the biggest disappointments of the year. It came into 2024 on a high, having more than doubled last year and with the company sporting profitability for the first time. It continues to report strong growth, and it posted its third straight quarterly profit, but SoFi stock is down more than 20% this year. The market is making a mistake, and you can benefit from the sto ...

H re t T == 111 PM Images One company that I have been bullish on for a little while is SoFi Technologies (NASDAQ:SOFI). For those not familiar with the business, it operates as a diverse financial technology business that offers up financial services for its clients. Examples include brokerage accounts, credit cards, different financial technologies, loans, and more. In my original article about the firm, published in December of last year, I provided more in the way of detail if you are interested. Referr ...

SoFi Technologies' (SOFI) stock has rallied 8.7% in the past three months, outperforming the 6.9% rally of the industry it belongs to and 6.2% growth of the Zacks S&P 500 composite. YTD Price Performance Image Source: Zacks Investment Research SOFI's shares have outperformed its competitors Wells Fargo's (WFC) 5.1% dip and Bank of America's (BAC) marginal increase over the same period. Given the continuous strength of SOFI shares, many investors may be attracted to buy the stock. However, the relevant query ...

Viorika Investment Thesis Despite recent macroeconomic concerns and interest rate volatility, SoFi Technologies, Inc. (NASDAQ:SOFI) has demonstrated resilience with a 9% return since our last coverage, supported by growing loan demand and a slightly bullish technical outlook. While high interest rates challenge home loan originations and student loan recovery, SoFi's diversified platform and ongoing technological scalability provide a solid foundation for long-term growth. Current neutral-to-bullish momentu ...

A broken stock is not the same as a broken company. In today's video, I will be talking about the recent updates regarding SoFi Technologies (SOFI -1.43%). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of Aug. 20, 2024. The video was published on Aug. 20, 2024. ...

PM Images SoFi Technologies, Inc. (NASDAQ:SOFI) is not getting much love from investors these days even though the fintech is growing, customers are joining at a record speed and profits are snowballing. With this backdrop providing plenty of fuel for the fintech's growth, SoFi Technologies once again raised its forecast for 2024 in both of its key metrics, EBITDA and net revenues. I think that SoFi Technologies' member upsurge is significant and taking into account that the fintech is now profitable, the p ...

A falling share price has cast doubt on this promising company's investment potential. Digital banking and financial services company SoFi Technologies (SOFI 4.54%) is back within shouting distance of its 52-week low and roughly 75% off its 2021 peak. Investors often let price drive a stock's narrative. For example, SoFi's share price keeps falling, so the business must also be bad. But is that true, or does the market have it all wrong? Situations like this are risky, but going against Wall Street and gett ...

The banking disruptor just reported its second-quarter results, and here's what investors need to know. SoFi (SOFI -0.45%) just reported its second-quarter earnings, and its membership base grew by 41% year over year. But that's just one piece of the puzzle. In this video, I'll discuss some important details from the second quarter and what investors should know about them. *Stock prices used were the morning prices of Aug. 12, 2024. The video was published on Aug. 13, 2024. ...

NEW YORK, Aug. 14, 2024 (GLOBE NEWSWIRE) -- SoFi, a leading provider of thematic and income ETFs, today announced monthly distributions on the SoFi Enhanced Yield ETF (THTA). Distribution as of 08/14/2024 ETF Ticker Distribution per Share Distribution Rate * 30-Day SEC Yield** Ex-Date Record Date Payment Date THTA $0.2049 13.00% 3.12% 08/15/2024 08/15/2024 08/16/2024 Inception date: 11/15/2023 Click here to view standardized performance for THTA. THTA, launched in partnership with Tidal Investments LLC and ...

SoFi Technologies (NASDAQ:SOFI) can't catch a break. After the fintech doubled in 2023, SOFI stock lost a third of its value so far in 2024. And that's despite posting fairly decent earnings in the first and second quarters. There are headwinds as it changed course to take a more conservative approach to its balance sheet this year, but long-term investors should appreciate that. There is significant risk if the economy spirals into a recession, yet SoFi Technologies is improving its financial position. It ...