SoFi (NASDAQ:SOFI) stock slipped Thursday after the government announced it would forgive up to $1.2 billion in additional student loans. Indeed, the news snapped SoFi's seven-day winning streak in the stock market as investors considered how the forgiveness policy would affect the lending company. So, what exactly does this mean for SoFi? Well, if its stock price movement is any indicator, it may be a bit troublesome for SoFi's bottom line. SoFi seemingly can't catch a break regarding student loans. The co ...

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Shares of the company have appreciated by 20.72% over the course of the past month, outperforming the Business Services sector's gain of 0.5% and the S&P 500's gain of 4.43%. For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.08 per share and a revenue of $2.39 billion, signifying shifts of +122.22% and +15.03%, respectively, from the last year. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To bene ...

Discover Financial Services (NYSE:DFS) announced this morning that its subsidiary, Discover Bank, would sell its private student loan portfolio. The buyer consists of at least one strategic partnership managed by Carlyle (NASDAQ:CG) and KKR (NYSE:KKR). Discover's portfolio of student loans had a principal balance of about $10.1 billion as of June 30 while the selling price is estimated to be up to $10.8 billion. Discover Is Selling Its Student Loan Portfolio. What Does That Mean for SoFi Stock? Still, sever ...

The company's status as a top fintech company was certainly bullish in 2021, when banking activity peaked as interest rates remained ultra-low. However, in this era of tighter monetary policy, the mood on Wall Street has clearly shifted toward SoFi and its fintech peers. Here's why SOFI stock may be a fintech company that's worth buying right now. SoFi primarily operated as a digital bank while offering fintech services through Galileo and Technysis. Starting with student loans, the company has since expand ...

*Stock prices used were from the trading day of July 12, 2024. The video was published on July 14, 2024. In this video, I will talk about SoFi Technologies (SOFI 4.03%)and a part of the business that few people have discussed. SoFi stock has found no love from Wall Street, but that might change soon. ...

Every investor today seems to be after the technology sector's hype, particularly in stocks, centered around the advancement and adoption of artificial intelligence in the global economy. While these stocks have dominated the momentum arena lately, there are other companies worthy of investor attention, filled with catalysts and tailwinds that could bring potentially market-beating returns. Among these is SoFi Technologies Inc. NASDAQ: SOFI stock, which investors may shy away from considering it has underpe ...

SoFi saw the following 2 price target cuts on July 9th: KBW lowered PT from $7.50 to $7.00 Barclays lowered PT from $10.00 to $8.00 Ironically, the stock hit a low of $6.15 and immediately started trading up. KBW was adamant that SoFi is facing higher loan defaults, leading to the decision to cut the price target to only $7. The analyst firm thinks SoFi faces a steep rise in NCOs leading to cumulative losses over the life of the loans higher than the 7% to 8% targeted my management. Back at the Mizuho Techn ...

The markets have gotten off to a roaring start so far in 2024. The S&P 500 is up 18%, while the Nasdaq Composite has gained 23%. Unfortunately, one company that meets the criteria above is SoFi Technologies (SOFI 2.95%). Despite a financially sound business, the stock has cratered 30% so far this year. Let's dig into SoFi's business and explore why now could be a lucrative opportunity for long-term investors to scoop up some shares. SoFi's platform offers customers several lending products such as mortgages ...

This news is casting further doubt over the company — whose shares are down 35% in 2024. But as grim as things may appear, this isn't necessarily a reason to bet against SOFI stock. Let's see what analysts have to say. With multiple analysts issuing bearish takes, it makes sense that SOFI stock would be struggling today. As of this writing, shares are down slightly. Perhaps more noteworthy is the fact that shares are down 10% over the last month. On a similar note, yesterday, Timothy Switzer of KBW maintain ...