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 ...

*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. ...

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 ...

It's been a rough ride for shareholders of SoFi Technologies (SOFI -0.77%). After a drop of 35% this year (as of July 3), the stock currently trades 75% below its peak. But interested investors can now scoop up shares at a price-to-sales ratio of 2.9, well below their historical average. Changing the loan book In the past 12 quarters, it originated $31 billion worth of personal loans, while in its former bread-and-butter business of student loans, it originated just $9 billion. However, this creates a poten ...

SoFi Technologies Inc. (SOFI, Financial) has become an aggressive competitor within the spectrum of financial service providers, as evidenced by its strong record of refinancing student loans. However, the Covid-19 pandemic in 2020 made it turn its business strategy at a critical junction with the moratorium on student loans. That strategic change moved the company's focus more toward personal lending and, since then, its loan originations have surged from $2.60 billion to $13.80 billion. The damage was don ...