SoFi Technologies’ latest quarterly earnings results released Monday (April 29) showed a surge in direct deposit activity — and that more customers are using SoFi Money accounts for those direct deposits.CEO Anthony Noto observed on a conference call with analysts that total deposits were up 16% year over year during the first quarter to $21.6 billion. Against that backdrop, 90% of SoFi Money deposits (inclusive of Checking and Savings and cash management accounts) came from direct deposit members.For the n ...

Fintech name SoFi Technologies Inc (NASDAQ:SOFI) reported first-quarter adjusted earnings and revenue of 2 cents per share and $581 million, respectively, both of which beat Wall Street estimates. This reported marked the firm's second consecutive quarter of profitability, but the shares are 10.9% lower to trade at $7.02 at last glance, giving back solid premarket gains. Despite today's pullback, SoFi Technologies stock is holding above its year-to-date lows just above the $7 level. Several short-term movin ...

SoFi (NASDAQ:SOFI) stock is one of the top-trending tickers today after reporting its first-quarter results this morning. While it was up slightly in pre-market trading, it cratered down about 10% after the opening bell.In Q1, the firm generated a profit for the second consecutive quarter and delivered “beat-and-raise” results. The fintech company noted that 2024 would be a “transitional” year for it. Specifically, the firm expects its offerings aside from its student loans to constitute a far larger percen ...

SoFi Technologies Inc is up 6.0% on Monday after reporting market-beating financial results for its first quarter. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.SoFi stock pops on upbeat future guidanceCopy link to sectionInvestors are cheering also because the personal finance company issued upbeat guidance for the future. $SOFI now calls for its adjusted revenue to fall between $2.39 billion and $2.43 billion on up to 9 cents a share of earnings i ...

SoFi Technologies Reports Q1 2024 Net Revenue of $645 Million and Net Income of $88 Million, Marking Second Consecutive Quarter of GAAP Profitability 54% Combined Revenue Growth in Tech Platform and Financial Services Segments Drove 26% Growth in Total Adjusted Net Revenue Management Raises FY 24 Guidance SAN FRANCISCO, Calif. – (BUSINESS WIRE) – April 29, 2024 – SoFi Technologies, Inc. (NASDAQ: SOFI), a member- centric, one-stop shop for digital financial services that helps members borrow, save, spend, in ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

The most recent trading session ended with SoFi Technologies, Inc. (SOFI) standing at $7.60, reflecting a +0.26% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.02%. At the same time, the Dow lost 0.11%, and the tech-heavy Nasdaq gained 0.1%.Coming into today, shares of the company had gained 5.28% in the past month. In that same time, the Business Services sector lost 5.08%, while the S&P 500 lost 3.01%.Investors will be eagerly watching for th ...

SoFi Technologies, Inc. (SOFI) will report its first-quarter 2024 results on Apr 29, before the bell.Let’s check out how SOFI is currently doing.Stock Performance & ValuationThe stock gained 30% over the past year. Although an impressive gain, outperforming the Zacks S&P 500 composite’s rally of 21.8%, the stock has underperformed the 47.3% rally of the industry.On the basis of EV-to-EBITDA, SOFI is currently trading at 13.55X compared with the industry’s 57.18X. If we look at the Price/Earnings ratio, SOFI ...

As long as the business and management execute, the stock will follow.In this video, I will go over my first-quarter SoFi Technologies (SOFI 4.55%) earnings prediction and what Wall Street expects.*Stock prices used were from the trading day of April 19, 2024. The video was published on April 23, 2024. ...

This up-and-coming digital bank is ready to start generating outsized profits.With a market cap approaching $300 billion and total assets on the balance sheet of $3.3 trillion, Bank of America is undoubtedly one of the largest financial institutions out there. It's also known to be one of Warren Buffett-led Berkshire Hathaway's top holdings.That might prompt you to give this bank stock some added attention, or even to buy shares. But if you continue reading, you may forget soon about Bank of America and ins ...