Let's draw some lines and have a good time! SoFi Technologies (NASDAQ:SOFI) just posted a highly positive second-quarter 2024 financial report. This could allow the buyers to take control of the stock's price action. With just a few chart lines, a quick SOFI technical analysis will surely convince you that SoFi stock is on its way to $10 or even higher. Just to recap, SoFi Technologies' Q2-2024 adjusted net revenue of around $597 million beat Wall Street's consensus estimate of $565 million. Furthermore, So ...

SoFi Technologies (NASDAQ:SOFI) has been baffling bulls since it came public as a SPAC in 2021.. This year has been no exception. It's down 24% in 2024, 36% over the last year. The promise was that SoFi would be the financial supermarket of the millennial age. It would offer wholesale services to other banks, banking and brokerage services to young consumers. It paid to get its name on the LA Rams' new stadium. What went wrong? The SoFi Failure SoFi is a bank. It bought Golden Pacific Bank in early 2022. Th ...

SoFi Key driver once again was the roll-out of new (personal finance) products that are seeing strong customer uptake by the platform's members. Total products offered on the SoFi platform totaled 12,776, implying a growth rate of 36% year over. This growth is mainly driven by SoFi's financial services products (+39% YY) which grew more than twice as fast as the platform's lending products (+19% Y/Y). Products (2) YoY Growth 121% 105% 84% 5.9% 46% 43% 45% 41% (2000 (000%) Now Products t Additions (10) of 94 ...

There were two primary reasons for selling the floundering fintech stock. Before I get to why I just sold SoFi, let me first explain why I initially bought the stock in the first quarter of 2021. Technically, I never bought SoFi shares. I invested in Social Capital Hedosophia Holdings V, a special purpose acquisition company (SPAC) that merged with SoFi soon after I started a position in it. SoFi's innovation especially stood out to me. As it still does, the company back then offered a "one-stop shop" for f ...

SoFi (SOFI 1.23%) reported another strong quarter in Q2 2024, and this time, it was financial services that drove the company forward. In this video, Travis Hoium goes through the numbers and shows why this is just the beginning of the company's growth. The financial services business is growing at an 80% clip. *Stock prices used were end-of-day prices of July 30, 2024. The video was published on July 30, 2024. ...

Comparison of 2017 vintage (last yoarly vintage that approached 8% cumulative life of loan losses) and recent vintages which preceded meaningful credit cuts in mid-late 2 QI-Q3 2023 vintages are all performing as woll or better than both the 2017 and the Q4 2022 vintages at timilar levels aining princi SoFi Investor Relations intage and % of Remaining UPB | --- | --- | --- | |--------------------------------------|--------|------------------------------------------------------------------------------------- ...

ALFSnaiper Investment Thesis Is Sofi Overvalued at 87x P/E ratio? Sofi's stock might seem expensive at first glance, with a forward P/E ratio of 87x, but this is based on an EPS of $0.09 per share expected this year, marking their recent transition to profitability. The P/E figure will come down as Sofi optimizes marketing, ad, and sales expenses. Historically, Sofi noted that they'd be spending 70% of revenue to fuel growth. Today, they seem to have reached the economies of scale needed to achieve both pro ...

The company's new member additions were over 643,000 in the quarter, and total members reached nearly 8.8 million by the quarter's end, up over 2.5 million from the prior year period. What that means is a lot of investment into technology and digital product innovation. "Despite the rate environment and our conservative stance in Lending, we drove sustained strong results in the quarter and are ready to move quickly once things improve," said Noto. And, per the company's materials, SoFi's Technology Platfor ...

We expect to deliver: • GAAP Diluted EPS of $0.09 - $0.10 Note: See "Footnotes" section for detailed explanations and definitions. The sum of individual metrics may not always equal total amounts indicated due to rounding. FY 2024 Guidance Financial Supplement Company Metrics | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------|-------|-------------------|-------|-- ...

SoFi Technologies, Inc. (NASDAQ:SOFI) Q2 2024 Earnings Call Transcript July 30, 2024 8:00 AM ET Company Participants Maura Cyr - IR Anthony Noto - CEO Chris Lapointe - CFO Conference Call Participants John Hecht - Jefferies Terry Ma - Barclays Dan Dolev - Mizuho Kyle Peterson - Needham & Company Reggie Smith - JPMorgan Jeff Adelson - Morgan Stanley Peter Christiansen - Citigroup Tim Switzer - Stifel Operator Good morning. My name is Adam, and I will be your conference operator today. At this time, I'd like ...