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WNBA commissioner on collective bargaining agreement negotiations
CNBC Television· 2025-07-10 16:30
The CBA is up after the end of this year. Are you confident that you guys will be able to get a deal done with the players where there will be no work stoppage between this season and next season. Yeah, we've been meeting with the players association often.I'm uh confident that we're going to get something transformational done. These things do take time. We've been through a lot of them.I've only been through one before, right when I joined the league. Uh and so I'm confident that we'll work through it wit ...
My Top 3 Reasons to Buy the Dip on SoFi Stock in May and Hold for 5 Years
The Motley Fool· 2025-05-03 08:58
Core Viewpoint - SoFi Technologies reported strong financial results for Q1 2025, leading to a 7% increase in stock price, indicating positive market reception [1] Group 1: Customer Growth - As of March 31, SoFi had 10.9 million customers, an increase of 800,000 in the last three months, marking a tenfold growth since the end of 2019, which is exceptional in the financial services industry [3] - The leadership team is focused on innovation and improving product offerings, with home loans seeing a 54% year-over-year increase in originations [4] Group 2: Revenue Performance - SoFi generated a record $771 million in adjusted net revenue in Q1, with the Loan Platform segment earning $93 million in fees, a 766% increase year-over-year [5] - The rapid addition of new members has significantly contributed to revenue growth [5] Group 3: Profitability and Future Outlook - SoFi reported GAAP earnings per share (EPS) of $0.06 in Q1, marking six consecutive quarters of profitability, with management projecting EPS of $0.27 to $0.28 for the full year [7] - Wall Street anticipates EPS to reach $0.73 by 2027, representing a 165% increase from current projections [7] Group 4: Operational Efficiency - SoFi operates without physical bank branches, reducing major expenses and allowing for better leverage of technology and cost management as the company scales [8] Group 5: Valuation and Market Potential - Shares are currently trading at 17 times the forecasted EPS for 2027, suggesting a reasonable valuation with potential for patient investors [9] - CEO Anthony Noto aims for SoFi to become a "top 10 financial institution," with a current market cap of $13.4 billion and an asset base of $38 billion, indicating significant growth potential [10]