Profile
Sector:
Financial ServicesIndustry:
Credit ServicesCountry:
United StatesIPO:
04 January 2021Website:
http://www.sofi.comNext earnings report:
29 January 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | Sat, 23 Nov 2024 00:59:56 GMTDividend
Analysts recommendations
Institutional Ownership
SOFI Latest News
SoFi Technologies' shares have surged 100.8% since August, outperforming the S&P 500's 6.1% increase. Management has revised 2024 guidance higher, and despite a higher valuation, shares remain attractively priced compared to similar enterprises, indicating further upside potential. The company's growth is driven by increased interest earning assets, improved net revenue, and significant expansion in its Financial Services and Technology Platform segments.
SoFi Technologies, Inc. stock has significantly outperformed the S&P 500 and its financial sector peers, proving its doubters wrong. SoFi's diversification into fee-based revenue streams is expected to be a key growth driver moving ahead. Its ability to attract earnings upgrades has demonstrated management's prowess.
SoFi Technologies (SOFI) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Huge News for SoFi Investors
SoFi Technologies has overcome a challenging environment, showing strong share price recovery and significant member growth, indicating customer satisfaction with its products and services. Despite risks from competition and economic factors, SoFi's robust loan origination and diversified revenue streams support a bullish outlook for continued growth. Q3 2024 results highlight exceptional member and deposit growth, with SoFi outperforming legacy banks and demonstrating impressive financial metrics and profitability.
SAN FRANCISCO--(BUSINESS WIRE)--SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, today announced that it will participate in an upcoming investor conference. SoFi's CFO, Chris Lapointe, will participate in a moderated fireside chat discussion at the UBS Global Technology and AI Conference. Full session details for the conference appearance are as follows: UBS Global Tech.
NEW YORK, Nov. 14, 2024 (GLOBE NEWSWIRE) -- SoFi, a leading provider of thematic and income ETFs, today announced monthly distributions on the SoFi Enhanced Yield ETF (THTA). Distribution as of 11/14/2024 ETF Ticker Distribution per Share Distribution Rate * 30-Day SEC Yield** Ex-Date Record Date Payment Date THTA $0.1913 12.00% 4.10% 11/15/2024 11/15/2024 11/18/2024 Inception date: 11/15/2023 Click here to view standardized performance for THTA.
Shares have soared 70% since the start of October.
SoFi's Q3 2024 results include a 35% YoY increase in new members and a 37% YoY rise in new products, with a decent improvement in revenue and EBITDA margin. Fee-based income now constitutes 25% of adjusted net revenue, making earnings more stable and less tied to interest rates. SoFi is launching fraud prevention tools and offering alternative investments like real estate and private credit.
SoFi Technologies Inc (NASDAQ: SOFI) touched a high of $14.42 this morning – a level that was last seen in early 2022. The financial services company has rallied over 30% since election day amidst expectations that it will benefit from a more accommodative regulatory backdrop under the new government.
What type of business is SoFi Technologies?
SoFi Technologies, Inc. provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money. It offers personal loans, student loans, home loans, and related services. The company also operates Galileo, a technology platform that offers services to financial and non-financial institution; and Technisys, a cloud-native digital and core banking platform with financial services customers. In addition, it provides SoFi Money offers checking and savings accounts, debit cards, and cash management products; and SoFi Invest, a mobile-first investment platform that provides access to trading and advisory solutions, such as investing and robo-advisory. Further, the company offers SoFi Credit Card that provides cash backs on every purchase; Sofi Relay, a personal finance management product that allows to track all of their financial accounts comprising credit score and spending behaviors; SoFi Protect, which offers insurance product; SoFi Travel, an application that manages travel search and booking experience; SoFi At Work provides financial benefits to employees, including student loan payments made on their employees' behalf; Lantern Credit, a financial services marketplace platform for seeking alternative products and provide product comparisons; and other lending as a service that offers pre-qualified borrower referrals and sells loans to third-party partner. The company was founded in 2011 and is based in San Francisco, California.
What sector is SoFi Technologies in?
SoFi Technologies is in the Financial Services sector
What industry is SoFi Technologies in?
SoFi Technologies is in the Credit Services industry
What country is SoFi Technologies from?
SoFi Technologies is headquartered in United States
When did SoFi Technologies go public?
SoFi Technologies initial public offering (IPO) was on 04 January 2021
What is SoFi Technologies website?
https://www.sofi.com
Is SoFi Technologies in the S&P 500?
No, SoFi Technologies is not included in the S&P 500 index
Is SoFi Technologies in the NASDAQ 100?
No, SoFi Technologies is not included in the NASDAQ 100 index
Is SoFi Technologies in the Dow Jones?
No, SoFi Technologies is not included in the Dow Jones index
When was SoFi Technologies the previous earnings report?
No data
When does SoFi Technologies earnings report?
The next expected earnings date for SoFi Technologies is 29 January 2025