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SoFi Technologies Q4 Earnings Highlights: Record Revenue, Added Members, Bank Charter Update And Guidance
Tuesday, March 1, 2022 - 5:41pm | 392Sofi Technologies (NASDAQ: SOFI) reported earnings after Tuesday's market close. Here are the highlights. What Happened: SoFi reported fourth-quarter adjusted revenue of $279.88 million, up 54% year-over-year. The total beat a consensus estimate of $279.29 million, according to Benzinga Pro....
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Why SoFi Shares Are Sliding Today
Tuesday, February 22, 2022 - 3:51pm | 302SoFi Technologies Inc (NASDAQ: SOFI) is trading lower Tuesday after the company announced it entered into a definitive merger agreement to acquire Technisys. Technisys operates a cloud-native, digital multi-product core banking platform. The platform will help SoFi ...
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Why SoFi Shares Continue To Move Higher Today
Thursday, January 20, 2022 - 1:53pm | 303SoFi Technologies Inc (NASDAQ: SOFI) is trading higher Thursday on continued strength after the company on Tuesday announced it received approval to become a Bank Holding Company. The Office of the Comptroller of the Currency and the Federal Reserve approved SoFi's...
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This Investor Remains Bullish And Has No Plans To Sell SoFi Technologies After Bank Approval
Wednesday, January 19, 2022 - 3:03pm | 327SoFi Technologies Inc (NASDAQ: SOFI) shares are on the move Wednesday after the company announced it received approval to become a Bank Holding Company. What Happened: The Office of the Comptroller of the Currency and the Federal Reserve approved SoFi's applications to...
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Why SoFi Technologies Shares Are Trading Higher Today
Wednesday, January 19, 2022 - 9:31am | 266SoFi Technologies Inc (NASDAQ: SOFI) is trading significantly higher Wednesday morning after the company announced it received approval to become a Bank Holding Company. The Office of the Comptroller of the Currency and the Federal Reserve approved SoFi's applications to become a...
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What's Going On With SoFi Stock?
Wednesday, January 19, 2022 - 12:49am | 431SoFi Technologies Inc (NASDAQ: SOFI) shares traded 1% higher at $12.18 in after-hours trading on Tuesday. What’s Moving? On Tuesday, in the regular session, SoFi shares closed 8.6% lower at $12.06. The San Francisco-based digital financial services company said Tuesday it had gained approvals...
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Why SoFi Technologies Stock Is Trading Higher Today
Thursday, November 11, 2021 - 11:59am | 260SoFi Technologies Inc (NASDAQ: SOFI) is trading significantly higher Thursday after the company announced better-than-expected third-quarter financial results and issued guidance above estimates. SoFi reported a quarterly earnings loss of 5 cents per share, which beat the estimate for a loss of 14...
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SoFi Q3 Earnings Highlights: 377,000 New Members, Record Lending Revenue And More
Wednesday, November 10, 2021 - 6:33pm | 348SoFi Technologies (NASDAQ: SOFI) shares are trading higher after reporting third-quarter financial results. Here are the key highlights for investors. What Happened: SoFi reported third-quarter revenue of $277.2 million, beating a consensus estimate of $255.6 million. The company added 377,000...
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Why 'SPAC King' Palihapaitiya Is Warning Against Selling Tesla Stock
Friday, January 8, 2021 - 7:57am | 476Virgin Galactic Holdings Inc (NYSE: SPCE) Chairman and SPAC king Chamath Palihapitiya said Thursday that Tesla Inc (NASDAQ: TSLA) stock could double or triple in value from here. What Happened: The billionaire investor dished out the advice on CNBC’s Halftime show saying he could...
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SoFi Merging With Palihapitiya-Backed IPOE SPAC
Thursday, January 7, 2021 - 2:28pm | 672Fintech company SoFi is going public via one of the most well-known names in the SPAC community. The SPAC Deal: SoFI announced a SPAC merger with Social Capital Hedosophia Holdings V (NYSE: IPOE), led by Chamath Palihapitiya. The merger values SoFi at an equity value of $8.65 billion post-money....
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Fintech Focus Roundup For October 31, 2020
Saturday, October 31, 2020 - 8:59am | 2108Robinhood Makes It Easier To Track Performance The Nitty-Gritty: As part of a vision to democratize finance for all, Robinhood introduced high-yield savings accounts, fractional and recurring investments in U.S.-listed stocks and ETFs, as well as cryptocurrency and options trading. To make it...
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SoFi Helps People 'Get Their Money Right' With New Credit Card
Thursday, October 29, 2020 - 7:41am | 353SoFi, a provider of lending and wealth management services, formally announced the launch of a credit card. The development comes as consumer debt reached a record $14.3 trillion this year. The new product will incentivize healthy financial habits and deliver on the firm’s mission to help...
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SoFi CEO Tells Cramer Millennials Are Buying Sub-$10 Stocks
Saturday, May 18, 2019 - 9:35am | 405SoFi, an online personal finance company that mostly targets millennials, launched a new platform in early 2019 that allows clients to buy and sell stocks. One would assume that millennial investors are only interested in FANG stocks, but that isn't at all the case, SoFi CEO Anthony Noto told...
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Today In Cryptocurrency: Crypto Market Hits One-Month Low, India Mulls New Taxes
Wednesday, May 23, 2018 - 4:26pm | 481The cryptocurrency market sell-off picked up steam on Wednesday, with most major currencies trading down more than 9 percent on the day. Here’s a look at some of the headlines that were moving the cryptocurrency market today — and which currencies were on the move. Headlines Bitcoin...
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Twitter's COO Departure A 'Significant Operational Challenge'
Wednesday, January 24, 2018 - 9:23am | 352Anthony Noto, considered perhaps to be Twitter Inc (NYSE: TWTR)'s most visible executive aside from CEO and co-founder Jack Dorsey, quit his post as COO of the social media company to accept the role of CEO of Social Finance, a financial technology company. The Analyst KeyBanc Capital Markets...