SoFi Technologies, Inc. provides digital financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company's lending and financial services and products allows its members to borrow, save, spend, invest, and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans. The company also provides cash management, investment, and technology services. In addition, it operates Galileo, a technology platform that offers services to financial and non-financial institutions; and Apex, a technology enabled platform that provides investment custody and clearing brokerage services, as well as Technisys, a cloud-based digital multi-product core banking platform. The company was founded in 2011 and is headquartered in San Francisco, California.
SoFi continues underperforming the wider market, thanks to the slower GAAP EPS profitability and the elevated short interest of 18.6%. Despite so, we are maintaining our Buy rating, thanks to its discounted valuations, growing deposit base/members, and accelerated top/bottom line growth compared to its peers. This is on top of SOFI's intensified efforts in the Lending and Financial Services segment and the higher for longer interest rate environment.
SoFi has delivered two quarters with positive net income, and it's expecting more in the third quarter and the full year. Its shift into new services is picking up the slack from a slowdown in lending.
SoFi Technologies (NASDAQ: SOFI ) stock finds itself among many of the biggest underperformers this year, relative to the overall index. The fintech sector hasn't performed well and SoFi has certainly felt this pain, declining more than 25% year-to-date at the time of writing.
SoFi's Liz Young and JPMorgans' AJ Oden, join 'Closing Bell' to discuss the markets, today's PPI report and the Fed's reaction to the data and what it all means for the Fed's next moves.
If you are a bargain hunter like me, you will always be on the lookout for stocks to buy at a lower price and make the most of their upside. While all under-$10 stocks may not be worth your money, a few stocks have the potential to hit double digits.
Some deep-value investors don't mind picking up extremely battered stocks that may have seen their intrinsic value swing to the downside. So, it makes sense to look at some plays now trading at less than $20 per share.
Zacks.com users have recently been watching SoFi Technologies (SOFI) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
NEW YORK--(BUSINESS WIRE)--Templum, Inc. ("Templum"), the operating system for private markets and alternative assetsTM is pleased to announce that the company is working with SoFi, the all-in-one digital personal finance company, to expand everyday investor access to investment opportunities with its recent launch of Alternative Investments. “At SoFi, we spend every day working to empower our 8M+ members to get their money right so that they can achieve financial independence – and investing i.
For investors who can see the revolutionary potential of disruptive stocks, chances abound. These three businesses provide excellent investment opportunities since they are leading innovators.