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SoFi Technologies, Inc. - SOFI STOCK NEWS

Welcome to our dedicated page for SoFi Technologies news (Ticker: SOFI), a resource for investors and traders seeking the latest updates and insights on SoFi Technologies stock.

SoFi Technologies, Inc. (symbol: SOFI) is a forward-thinking financial services company founded in 2011 and headquartered in San Francisco. Initially renowned for its student loan refinancing, SoFi has significantly broadened its product lineup to cater to a wide array of financial needs. Today, SoFi offers personal loans, credit cards, mortgages, investment accounts, banking services, and comprehensive financial planning, making it a one-stop financial hub for its members.

One of SoFi's standout features is its commitment to empowering members to achieve financial greatness through innovative products and exceptional service. The company operates primarily through its user-friendly mobile app and website, providing fast, seamless access to financial tools and services.

In 2020, SoFi expanded its capabilities by acquiring Galileo Financial Technologies, a move that strengthened its infrastructure for payment processing and digital banking. This acquisition allows SoFi to offer enhanced debit card services and account management solutions.

Recent Achievements and Current Projects:

  • SoFi has continued to innovate with new product launches and updates, including improved investment tools and expanded banking features.
  • The company has forged strategic partnerships to enhance its service offerings and reach.
  • SoFi maintains a strong focus on community engagement, providing resources and support to help members succeed in their financial journeys.

SoFi's financial condition remains robust, underpinned by a clear strategy for growth and a commitment to delivering value to its members. The company's recent initiatives and partnerships reflect its dedication to being a leader in the financial services sector.

For the latest updates and in-depth information about SoFi Technologies, Inc., including performance metrics and recent developments, visit their official website or follow their news releases.

News

SoFi Takes Home Three Awards in NerdWallet’s 2024 Best-Of Awards

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SoFi (NASDAQ: SOFI) wins 2 banking and 1 lending awards from NerdWallet, Inc. for Best Checking Account Overall, Best Checking Account for Overdraft Fee Avoidance, and Best Personal Loan Overall. The awards highlight SoFi's commitment to offering best-in-class financial products to consumers.
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SoFi Schedules Conference Call to Discuss Q4 2023 & Full Year 2023 Results

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SoFi Technologies, Inc. (NASDAQ: SOFI) has announced plans to host a conference call to discuss financial and operating results for the fourth quarter and full year of 2023 on January 29, 2024. The company will release its results on its investor relations section of the website at approximately 7 a.m. Eastern Time on the same day. Full session details for the conference appearance are available on the company's website.
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SoFi Accelerates Retirements With 2% Match On IRA Contributions

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SoFi Invest (SOFI) offers a 2% match on all eligible IRA contributions through Tax Day 2024, doubling the previously announced 1% match. The offer aims to help members accelerate their retirement savings and alleviate tax day anxiety. The SoFi Midyear Investor Report 2023 found that over half of investors feel underinvested, with Gen X'ers feeling the most underinvested, followed by Millennials and Gen Z. SoFi Invest provides a broad suite of investing tools and educational resources, including access to Certified Financial Planners, fractional share trading, and educational articles on investing, financial planning, and retirement.
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Kimley-Horn to Offer 401(k) Student Loan Repayment Match in 2024

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Kimley-Horn (KH) offers employees up to 8% of their salary plus bonus for outstanding student loans through a partnership with SoFi at Work. The company provides a 200% match into qualifying employees' 401(k) plans based on their student loan repayments, in addition to a generous profit-sharing contribution. This new benefit enhances the firm's financial wellness program and sets it apart as one of the best places to work. Kimley-Horn's benefits have earned the firm numerous workplace awards, including being named one of Fortune 100 Best Companies to Work For® for over 15 years.
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SoFi Invest Launches the SoFi Enhanced Yield ETF to Offer Investors a New Income Source

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SoFi Technologies, Inc. (NYSE Arca: THTA) launches the SoFi Enhanced Yield ETF, offering a monthly income solution for investors through investments in treasury bills and options, actively managed by ZEGA Financial. The fund aims to provide monthly distributions via a portfolio of short-term Treasury Bills and a data-driven options overlay strategy, introducing a fast-growing emerging asset class. ZEGA Financial will actively manage the options strategy, expanding the investing landscape beyond traditional 60/40 to cater to investors seeking potentially higher-yielding investment options.
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SoFi to Participate in Upcoming Investor Conferences

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SoFi Technologies, Inc. (NASDAQ: SOFI) announces management participation in two upcoming investor community events, including a fireside chat at the Stephens Annual Investment Conference and a Q+A session for shareholders in December. Shareholders can submit questions ahead of the event, and webcast registration details are provided.
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Let’s Hope Your Secret Santa is a Millennial: SoFi Checking & Saving Study Shows This Generation Spends $1,500 on Holiday Shopping

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The second annual SoFi Spending & Saving Study reveals that Americans will spend over $1,100 on average on holiday gifts, with Millennials leading with an average spending of nearly $1,500. The study also shows that one third of Millennials have gone into debt to finance their holiday gift giving.
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SoFi and BlackRock Partner on $375 Million Personal Loan Securitization

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SoFi Technologies, Inc. has announced an agreement to place a $375 million personal loan securitization with BlackRock. This will help SoFi grow its lending capabilities and better serve its members. SoFi has sold over $14.5 billion and securitized over $13.7 billion of personal loan collateral to date. The transaction is expected to settle by mid-November.
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SoFi Technologies, Inc. Reports Third Quarter 2023 Results

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SoFi Technologies, Inc. reported record financial results for Q3 2023. GAAP net revenue was $537 million, up 27% YoY. Adjusted net revenue was $531 million, also up 27% YoY. Adjusted EBITDA reached $98 million, up 121% YoY. New member adds were over 717,000, bringing total members to over 6.9 million, a 47% YoY growth. Total deposit growth was $2.9 billion, up 23% during the quarter. Tangible book value grew by $68 million in the quarter and $171 million on a trailing 12-month basis. Full-year 2023 guidance was raised by management.
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Galileo Payment Risk Platform Now Available to the Entire Financial Services Ecosystem

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Galileo Financial Technologies is offering the Galileo Payment Risk Platform to the entire financial services ecosystem, allowing companies to proactively reduce fraud losses and minimize payment risks.
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FAQ

What is the current stock price of SoFi Technologies (SOFI)?

The current stock price of SoFi Technologies (SOFI) is $15.01 as of November 21, 2024.

What is the market cap of SoFi Technologies (SOFI)?

The market cap of SoFi Technologies (SOFI) is approximately 16.3B.

What services does SoFi Technologies, Inc. offer?

SoFi offers a range of financial services including personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning.

When was SoFi Technologies, Inc. founded?

SoFi was founded in 2011.

Where is SoFi Technologies, Inc. headquartered?

SoFi is headquartered in San Francisco, California.

What was SoFi initially known for?

SoFi was initially known for its student loan refinancing services.

How does SoFi primarily operate?

SoFi operates primarily through its mobile app and website.

What is the significance of SoFi's acquisition of Galileo Financial Technologies?

The acquisition of Galileo Financial Technologies in 2020 enhanced SoFi's capabilities in payment processing and digital banking services.

What recent innovations has SoFi introduced?

SoFi has introduced new investment tools, expanded banking features, and strategic partnerships to enhance its service offerings.

How does SoFi support its members?

SoFi supports its members through community engagement, providing resources and tools to help them achieve financial success.

What can you find on SoFi's official website?

You can find the latest updates, performance metrics, and detailed information about SoFi's services and recent developments.

What is SoFi's mission?

SoFi's mission is to empower its members to achieve financial greatness through innovative products and exceptional service.

Stock SOFI logo
SoFi Technologies, Inc.

Nasdaq:SOFI

SOFI Rankings

#638 Ranked by Market Cap
N/A Ranked by Dividends

SOFI Stock Data

16.34B
1.01B
3.2%
46.62%
14.96%
Credit Services
Finance Services
Link
United States of America
SAN FRANCISCO