Surpassing market estimates with its most recent earnings report, fintech company SoFi Technologies (NASDAQ:SOFI) saw a steep 10% decline last week. Despite trading 74% below its peak, SoFi continues to showcase strong financial health, though the market appears to continue to focus on the company's headwinds. The reality is there is a shifting macro landscape and plenty of reasons for investors to be bullish on the fintech sector long-term. Growth in financial services (both online and offline), as well as ...

The market was enthusiastic about bank stocks. SoFi Technologies (SOFI 2.72%) stock gained 14% in July, according to data provided by S&P Global Market Intelligence. The stock soared after the Federal Reserve indicated that it might cut interest rates in September. However, it's fallen again since reporting earnings at the end of the month. Banks are sensitive to interest rates It wasn't only SoFi stock that soared in July. Bank stocks, as an industry, jumped on the news that interest rates might finally co ...

J Studios My thesis SoFi Technologies (NASDAQ:SOFI) is an impressive and promising business. Its revenue growth demonstrates impressive growth, outpacing growth projections for the whole fintech industry. The business model of a "one-stop shop for financial services" works well, as the company's profitability profile demonstrates impressive improvements in line with revenue growth. I have high confidence in SoFi's potential to sustain its impressive growth trajectory, as it has a strong cross-selling potent ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.0001 par value per share SOFI The Nasdaq Global Select Market FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SEC ...

Fintech giant SoFi Technologies (NASDAQ:SOFI) silenced its skeptics again by posting another stellar quarterly report and blowing past expectations across both lines. Yet, SOFI stock remains surprisingly unmoved, having shed more than 10% in the past week alone. Nevertheless, its robust financial health, looming interest rate cuts, and dynamic growth in its financial services division make it a buy at current prices. SoFi had a forgettable run at the stock market over the past year, trading 74% behind its a ...

SoFi stock continues to drop despite an impressive second-quarter report. The stock market is filled with mystery. One stock that consistently piques my curiosity is financial services and banking platform SoFi (SOFI -1.65%). Over the last few years SoFi has managed to disrupt the financial services industry by aggressively acquiring customers -- particularly in the desirable Gen Z and millennial demographics. The company's second-quarter earnings demonstrated that management's growth plan continues to take ...

The stock is trading down 20% this year while the market is soaring. 2024 has been another painful year for SoFi Technologies (SOFI -7.12%) investors. The financial services app is down around 20% and now off 71% from all-time highs set in 2021. All the while the S&P 500 index and Nasdaq market indices are soaring. Banks and lenders have struggled in recent years as the Federal Reserve raised interest rates at one of its fastest paces in history, presenting a headwind to these businesses. SoFi just reported ...

It delivered another blowout quarter, but the stock fell. SoFi Technologies (SOFI -7.12%) stock has been in a slump this year. It hasn't managed to wow investors despite a strong performance, and it's lost a good chunk of its 2023 gains, which topped 100%. The fintech superstar cranked out another fabulous report for the second quarter. Is it finally time to buy? What's happening at SoFi SoFi delivered solid results for the 2024 Q2, beating internal guidance across the board and Wall Street's expectations. ...

EschCollection We've been tempted to write about SoFi Technologies (NASDAQ:SOFI) before, but it's never seemed like quite the right time to do so. While the company's 'one stop shop' financial product suite and white label platform businesses appear attractive on the surface, the economic environment, concentrated exposure to student loans & mortgages, and excessive stock-based compensation have put the neobank under intense scrutiny from investors and short sellers. SOFI's growth has been strong, but profi ...

SoFi Technologies, Inc. (SOFI) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate re ...