SoFi Technologies Inc Aktie News

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SoFi continues to grow, adding more accounts and new products. The all-digital bank is branching out from its core lending business.

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SoFi Technologies shares dropped over 10% after Q1 earnings, despite beating revenue and EPS expectations and increasing 2024 guidance. The market is focused on Q2 guidance, which indicates a decline in SoFi's top and bottom line, rather than the long-term potential of the company. SoFi's engagement across its ecosystem is expanding, with record member growth, increased deposits, and a growing ...

The high-profile fintech took the wraps off its latest set of quarterly results. It demonstrated solid revenue growth, and flipped to a profit on the bottom line.

SoFi posted its second consecutive profitable quarter in a row. Its lending segment saw falling growth, while its technology and financial services more than made up for the decline.

Financial technology, or fintech stocks, is a relatively new and fast-growing sector in which to invest. The sector encompasses many of the facets of modern banks, including payment facilitation, wallets, checking accounts, saving accounts, credit cards and even loan facilities.

Financial disruption is pervading the banking sector as fintech stocks to buy take on traditional banks. Indeed, these companies are offering superior value and gradually grabbing market share.