SoFi Technologies Inc Stock News

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 membe...

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...

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.

Shares of fintech SoFi Technologies are on track for their best stretch of five trading days in more than a year.

The neobanking stock has been on a tear in the wake of the election.

SoFi Technologies might be the next big winner in the financial sector