About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

SoFi Technologies’ (NASDAQ:SOFI) stock surged 16% on Monday after it reported its fourth-quarter earnings, exceeding expectations and demonstrating growth across its business lines. The fintech firm’s strong performance was driven by accelerating revenue growth and expanding margins.For the fourth quarter of 2023, SoFi reported a significant increase in both GAAP net revenue and adjusted net revenue compared to the prior-year period. Total GAAP net revenue reached $615 million, up 35% year over year, beatin ...

SAN FRANCISCO--(BUSINESS WIRE)--SoFi (NASDAQ: SOFI), the all-in-one digital personal finance company, announced today that SoFi Invest members will now be able to invest in select alternative investment funds, mutual funds, and money market funds. With the launch of alternative investments, SoFi is granting everyday investors access to the power to build and protect their wealth through investment opportunities traditionally reserved for the ultra wealthy. Initially, SoFi will offer over 6,000 different ...

SoFi Technologies Inc. shares were surging in premarket trading Monday after the financial-technology company rode surging lending volumes to better-than-expected profitability for the latest quarter. The company posted fourth-quarter net income of $48 million, or 2 cents a share, whereas it generated a loss of $40 million, or 5 cents a share, in the year-prior period. Analysts tracked by FactSet expected the company to break even on a per-share basis. SoFi SOFI, -0.39% also reported adjusted earnings befor ...

Note: For additional information on our company metrics, including the definitions of “Members”, “Total Products” and “Technology Platform Total Accounts”, see Table 6 in the “Financial Tables” herein. (1) The company includes SoFi accounts on the Galileo platform-as-a-service in its total Technology Platform accounts metric to better align with the presentation of Technology Platform segment revenue. (2) In 2023, Technology Platform total accounts reflects the previously disclosed migration by one of our c ...

Key PointsThe tech sector could show signs of a top at all-time highs, but not all stocks are equal.If you want to invest in the consumer financing industry within tech, the market is trying to tell you something, that's if you know where to look.The evidence supports that SoFi could bring you a double-digit catch-up to the rest of the pack; markets are all over the trend already,5 stocks we like better than NetflixMany market participants have become weary of the new all-time highs being pushed out by the ...

For the better part of the past few years, SoFi Technologie­s (NASDAQ:SOFI) stock has fluctuated betwee­n a rather tight range of $5 and $10 per share. However, just before the end of last year, this stock touched the high end of this range, signaling some strong potential momentum. And while SOFI stock has given up some of those gains, trading around $7.50 at the time of writing, there’s reason to believe that last year’s rally could continue into this year.This dip is one I think investors ought to take a ...

Investors have been excited about the S&P 500 reaching a new high, but the hope is that it will go much, much higher. That will take time, and the goal in investing is long-term compounding. However, if economic trends continue to be favorable this year, the market could end 2024 on another high.In the short term, investors are waiting for more positive news from companies they watch. SoFi Technologies (SOFI -0.39%) had a knockout 2023, closing out the year with a 116% gain. As January wraps up, SoFi stock ...

Since hitting an all-time high of $25.78 in February 2021, shares of SoFi Technologies (SOFI -0.39%) have cratered 71%. But things improved last year in a major way, as the stock skyrocketed 116% in 2023.Investors are probably looking to ride the momentum to strong portfolio returns going forward. And they might be even more encouraged to learn about a little-known statistic that could boost this business.Let's take a closer look at this fintech stock and why it could be a no-brainer buy in 2024.Resuming pa ...

All eyes are on SoFi (NASDAQ:SOFI) stock heading into the weekend, as the company will report its fourth-quarter and 2023 full-year results on Monday, Jan. 29, before the market open.The quarter is expected to be one to remember, as Wall Street analysts forecast that the personal finance company will report its highest GAAP EPS ever of zero cents. Adjusted EPS is expected to be 4 cents, which would also mark an all-time high for SoFi and the first time that the company reports a positive adjusted EPS. For t ...