Fintech giant SoFi Technologies (NASDAQ:SOFI) silenced its skeptics again by posting another stellar quarterly report and blowing past expectations across both lines. Yet, SOFI stock remains surprisingly unmoved, having shed more than 10% in the past week alone. Nevertheless, its robust financial health, looming interest rate cuts, and dynamic growth in its financial services division make it a buy at current prices. SoFi had a forgettable run at the stock market over the past year, trading 74% behind its a ...

SoFi stock continues to drop despite an impressive second-quarter report. The stock market is filled with mystery. One stock that consistently piques my curiosity is financial services and banking platform SoFi (SOFI -1.65%). Over the last few years SoFi has managed to disrupt the financial services industry by aggressively acquiring customers -- particularly in the desirable Gen Z and millennial demographics. The company's second-quarter earnings demonstrated that management's growth plan continues to take ...

Core Insights - SoFi is an online mortgage lender and bank that provides a wide range of banking, investing, and borrowing options, including various mortgage products, but its rates are slightly higher than most competitors and it lacks physical locations [1][6] Mortgage Products - SoFi offers several types of home loans, including conventional, FHA, VA, jumbo, and HELOCs, but does not provide USDA or home equity loans [6][9] - The mortgage application process is fully online or over the phone, with no physical branches available [6][21] Key Features - Notable features of SoFi's mortgage offerings include lengthy mortgage rate locks of 91 days, free rate float-downs if market rates fall by 25 basis points or more, and a close-on-time guarantee that provides up to $10,000 in credits if the loan does not close on time [2][6][9] - SoFi allows borrowers to access up to 90% of their home's equity through HELOCs and home equity loans, with a maximum borrowing limit of $500,000 [15] Loan Costs and Rates - SoFi's mortgage rates are reported to be higher than the median, with a score of 2 out of 5 stars for mortgage rates, indicating a higher-than-median mortgage rate of 6.625% [20] - The total loan costs score is 3 out of 5 stars, with average total loan costs reported at $5,275.852 [20] Online Features and Tools - The online platform provides various tools for homebuyers, including mortgage calculators, FAQs, and educational resources to assist in the mortgage process [23][24] - SoFi offers a verified preapproval program that allows potential borrowers to see their interest rates quickly through a soft credit pull [22] Comparison with Competitors - Compared to other lenders like Better Mortgage and Rocket Mortgage, SoFi offers similar loan options and buyer incentives, but lacks some unique features such as rapid closing times and down payment assistance programs [26][27]

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 ...