SoFi Technologies' stock has surged 59.06% since mid-summer, driven by favorable Federal Reserve interest rate cuts and a growing deposit base, enhancing profitability. SoFi's core metrics, including three consecutive quarters of GAAP profitability and 22% revenue growth, showcase a clear path to sustained growth. Innovative offerings like the Directed Share Platform (DSP2.0) signal SoFi's expansion into high-margin, low-capital investment banking, diversifying its revenue streams.
Most investors would focus on banking stocks or even consumer discretionary stocks when realizing that the Federal Reserve (the Fed) has just started cutting interest rates at the most aggressive pace in 16 years. The reason is that, as financing becomes more flexible and available, consumer trends may strengthen, and they actually have.
This financial jack-of-all-trades stock could be a big winner for years to come.
In the most recent trading session, SoFi Technologies, Inc. (SOFI) closed at $9.87, indicating a -1.69% shift from the previous trading day.
These two companies are very similar, but they operate in different regions.
The announcement could lower the riskiness of SoFi stock as an investment.
SoFi Technologies (SOFI) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
SoFi could grow even faster if it begins offloading loan debt to other investors.
SoFi Technologies Inc. (NASDAQ: SOFI) continues to build strong momentum, with its stock rising by 11.4% to reach $10.04—its highest price since the start of the year.
A new partnership helps validate SoFi's underwriting model at a time some when investors are concerned about the lending business.
As a SoFi shareholder, I am sorry the company's stock price trades 56% below its June 2021 peak of $22.65 — the day the company merged with a special purpose acquisition company.
Consumer lending name SoFi Technologies Inc (NASDAQ:SOFI) is charging higher this afternoon, following an announcement that the company has struck a $2 billion expansion deal with Fortress Investment Group.