Streetbeat News

SOFI

SoFi Technologies, Inc.

https://www.sofi.com

Industry

Financial - Credit Services

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.

Open

13.22

Mkt cap

15B

Volume

48M

High

13.70

P/E Ratio

113.58

52-wk high

14.44

Low

13.08

Div yield

N/A

52-wk low

6.01

SoFi CEO Anthony Noto stated in a Bloomberg TV interview that the company is focusing on enhancing its financial services capabilities. He also mentioned that SoFi's savings rates will remain competitive even if there are rate cuts.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 2:36 pm

The top 10 trending stocks on WallStreetBets as of July 30, 2024, include NVDA, TSLA, PYPL, WAY, AMD, MSFT, CRWD, MADE, AI, and SOFI, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:22 pm

SoFi has revised its FY24 revenue guidance to $2.425 billion-$2.465 billion, down from the previous estimate of $2.783 billion and slightly up from the prior range of $2.39 billion-$2.43 billion.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 1:05 pm

Nasdaq and S&P futures rise as traders anticipate earnings from Microsoft and AMD, and the Federal Reserve's rate-setting meeting. Positive sentiment is driven by expectations of rate cuts in September. Key companies reporting earnings include Microsoft, AMD, and others. F5, Inc. jumps in premarket trading, while Rambus, Lattice Semiconductor, and others decline.

Portfolio Pulse from Shanthi Rexaline

July 30, 2024 | 11:27 am

SoFi Technologies has updated its FY24 revenue guidance to a range of $2.425 billion to $4.465 billion, compared to the previous estimate of $2.783 billion and prior guidance of $2.39 billion to $2.43 billion.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:12 am

SoFi Technologies, Inc. has projected its Q3 2024 adjusted net revenue to be between $625 million and $645 million, surpassing the estimated $610.9 million.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:07 am

SoFi Technology has raised its financial guidance, indicating improved performance expectations.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:03 am

SoFi Techs (NASDAQ:SOFI) reported Q2 2024 GAAP EPS of $0.01, meeting analyst expectations. The company achieved sales of $599.00 million, surpassing the $564.59 million estimate by 6.09%, and marking a 22.54% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 11:01 am

U.S. stock indices closed mixed on Monday. Nvidia, Microsoft, CrowdStrike, SoFi, and Tesla were notable stocks on investors' radars. Nvidia fell by 1.30% amid news of a new AI chip for China. Microsoft rose by 0.34% ahead of its earnings report. CrowdStrike increased by 1.03% with positive sentiment from Jim Cramer. SoFi declined by 1.08% before its earnings report. Tesla surged by 5.60% despite concerns over autonomous driving.

Portfolio Pulse from Benzinga Neuro

July 30, 2024 | 3:22 am

SoFi Technologies, Inc. (NASDAQ:SOFI) shares are experiencing a slight decline ahead of their second-quarter earnings report scheduled for tomorrow. Analysts project an EPS of $0 and revenue of $564.59 million. The stock has shown increased volatility with a significant short interest of 18.45%. The average 12-month price target is $8.17, suggesting potential upside.

Portfolio Pulse from Vaishali Prayag

July 29, 2024 | 7:59 pm

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