More investors should focus on the road ahead rather than the rearview mirror to start monetizing some of the newer ideas and trends about to hit the stock market. Among these is the Federal Reserve and its promise to start cutting interest rates before 2024 is over. According to the CME's FedWatch tool, these cuts could be here as soon as September, with over 90% certainty. What that means for the market is a sort of "melt-up" scenario, where everything will see bullish price action on the rate cuts and th ...

The stock did not react much, up about 2% as of writing. Why No Reaction? SoFi said it earned $7.95 million, 1 cent per share, on revenue of $597 million for the quarter ending June 30. CEO Anthony Noto described the quarter as "exceptional," projecting earnings of 4 cents per share in the current quarter. SoFi began as a lender focused on refinancing student loans. This expanded into personal loans and home loans. Now, the company wants its financial services and technology to power growth, and they were u ...

SoFi Technologies Reports Net Revenue of $599 Million and Net Income of $17 Million for Q2 2024, Marking Third Consecutive Quarter of GAAP Profitability Record Adjusted Net Revenue Driven by 46% Combined Growth in Financial Services and Tech Platform Segments vs 5% Lending Growth Given Conservative Stance 41% Growth in Members and Strong Product Innovation Remain Key Drivers of Current and Future Growth Management Raises FY24 Guidance SAN FRANCISCO, Calif. – (BUSINESS WIRE) – July 30, 2024 – SoFi Technologi ...

The demand for online financial platforms is expected to rise, and SOFI's technology platform, Galileo, is not only integral to its banking business but is also being adopted by other financial firms. This expansion positions SOFI to capture more market share from traditional banks. Conventional banking giants like JPMorgan (JPM) , Bank of America (BAC) , and Wells Fargo (WFC) are more mature and are experiencing slower growth. Recently, SOFI's stock enjoyed a seven-day winning streak following the announce ...

Chris MacDonald's love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. Of course, the inverse is also true. And given there's plenty of growth baked into the company's current multiple, many investors are rightly on pi ...

Despite the rally in the broader market, SoFi Technologies (SOFI 1.93%) has struggled to keep pace and is down 24% year to date. The company has had a rough time since going public in 2020 and remains 73% below its all-time high. Reasons to buy or hold SoFi Over the past several years, SoFi has branched out and now makes personal loans and provides banking services for customers along with fintechs and neobanks through its technology platform. A key part of SoFi's evolving business model was the acquisition ...

In this video, I will go over my second-quarter SoFi Technologies (SOFI 1.93%) earnings prediction and let you know what Wall Street expects. *Stock prices used were from the trading day of July 26, 2024. The video was published on July 26, 2024. As long as the business and management execute, the stock will follow. ...

However, if you look at SoFi's underlying business, it continues to grow quickly and is finally turning a profit. Does that make the stock a comeback candidate for the rest of 2024? It could easily bring down interest rates and marketing spend to generate a high level of net income in 2024. However, the company believes -- and has shown for years -- that there is a huge runway to grow deposits as a modern online bank in the U.S. It still makes up just a fraction of the consumer banking market with $20 billi ...

Shares of SoFi Technologies, Inc. (SOFI) have witnessed a notable surge of 11.6% in the past month. This rise is significant, especially when compared to the 3.2% decline of its industry and a 2% fall in the Zacks S&P 500 composite. Since going public, SOFI has shown impressive growth and the last two quarters have been profitable. Adjusted net revenues in the first quarter of 2024 increased 26% year over year. The EBITDA margin for the quarter was 25%, marking a year-over-year improvement of 840 basis poin ...

AAP Results vs Guid SOFI's IR materials Seeking Alpha, YCharts, Oakoff's notes Financials TrendSpider Software, SOFI Latest Quarter's Earnings Thesis Update Analysis Rating: | All Ratings Filtered By: SOFI (2) × Analyst's Rating History on SOFI Sel 12 u SoFi Technologies Q1 Earnings Oct 20 Preview: Why The Stock Is A Buy BUY Apr. 26, 2024 . 25 Co. SOFI change to date: -5.08% SoFi Technologies Q1 Ear S&P 500 change to date: 7.94% Apr. 28, 2024 · 25 Co BUY Seeking Alpha, Oakoff's coverage of SOFI Seeking Alph ...