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 ...

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 ...