Dilok Klaisataporn I have given a buy recommendation three times for SoFi Technologies (NASDAQ:SOFI). My first two recommendations called this financial institution a speculative buy here and here. In my last buy recommendation, I called the stock "a buy for risk-taking investors." So far, two of those recommendations have yet to pay off. My first buy recommendation is down 41.60% compared to the S&P 500's (SPX) rise of 23.93%. My second recommendation is down 0.53% compared to the S&P 500's 11.72% rise. My ...

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1 08:00 1004 I t 1 100 I E 1 E Rich Fury Introduction SoFi (NASDAQ:SOFI) just reported what turned out to be one of, if not, the best quarter in the history of the company, beating analyst estimates in Revenue, EPS, and guidance. This is despite a challenging macro environment with low consumer sentiment, high interest rates, and high inflation. And despite the triple beat on earnings — which the company has delivered multiple times over the course of its time as a publicly traded company — SoFi only traded ...

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 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 ...

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. ...

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 ...

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 ...

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 ...

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 ...