Latest news with #ChrisLapointe
Business Wire
3 days ago
- Business
- Business Wire
SoFi to Participate in 45th Annual William Blair Growth Stock Conference and Mizuho Technology Conference
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 two upcoming investor conferences. SoFi's CFO, Chris Lapointe, will participate in moderated fireside chat discussions at the 45th Annual William Blair Growth Stock Conference and the Mizuho Technology Conference. Full session details for the conference appearances are as follows: 45 th Annual William Blair Growth Stock Conference Time: 4:40 PM CDT Fireside Chat with SoFi CFO, Chris Lapointe Webcast Registration: Link Mizuho Technology Conference Date: June 10, 2025 Time: 11:15 AM EDT Fireside Chat with SoFi CFO, Chris Lapointe Webcast Registration: Link Archived webcasts of these appearances will be made available for on demand viewing. To view the webcast, please go to the 'Events & Presentations' section of SoFi's Investor Relations website at About SoFi SoFi Technologies (NASDAQ: SOFI) is a one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. Over 10.9 million members trust SoFi to borrow, save, spend, invest, and protect their money – all in one app – and get access to financial planners, exclusive experiences, and a thriving community. Fintechs, financial institutions, and brands use SoFi's technology platform Galileo to build and manage innovative financial solutions across 158.4 million global accounts. For more information, visit or download our iOS and Android apps. Disclosures Availability of Other Information About SoFi Investors and others should note that we communicate with our investors and the public using our website ( the investor relations website ( and on social media (X and LinkedIn), including but not limited to investor presentations and investor fact sheets, Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that SoFi posts on these channels and websites could be deemed to be material information. As a result, SoFi encourages investors, the media, and others interested in SoFi to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on SoFi's investor relations website and may include additional media channels. The contents of SoFi's website or these channels, or any other website that may be accessed from its website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended. SOFI-F
Yahoo
15-04-2025
- Business
- Yahoo
Want to Buy the Dip on SoFi Stock? Here's 1 Risk You Need to Know About.
Shares of SoFi Technologies (NASDAQ: SOFI) had a phenomenal two-year run. In the 24-month period from the start of 2023 to the end of 2024, they soared 234%. But things have cooled in recent months, with volatility still present. As of this writing (April 10), SoFi shares are trading 59% off their peak from February 2021. This is despite the business registering solid growth and profitability. If the dip is enticing you to buy this fintech stock, though, consider one crucial risk first. SoFi was founded in 2011 to help students pay for their education. This was reflected in the company's lending activities. In 2018, 2019, and 2020, SoFi originated $18.1 billion total in student loans. This was a key business driver. In early 2020, the COVID-19 pandemic hit. To ease the stress on borrowers, the Department of Education temporarily paused payments and eliminated interest. Consequently, there was less of a need for people to refinance their loans to obtain a lower interest rate. This radically altered SoFi's lending activities. In the last four years, the company originated just $12.9 billion in student loans. This is significantly lower than the $46.6 billion of personal loans it approved during the same time. Even though the student loan pause ended in September 2023, as of Dec. 31, SoFi had $16.6 billion in unpaid principal on personal loans, double that of student loans. Personal loans can be used for many things, like debt consolidation, home repairs, vacations, weddings, or medical expenses. The average coupon rate SoFi earns from its personal loans is 13.4%, dramatically higher than the 5.9% for student loans. Personal loans are riskier for SoFi's balance sheet, as the higher interest rate prices in a reduced chance the borrower will pay back in full. This is a potential cause for concern for SoFi's management team and shareholders. The U.S. is currently in a very uncertain economic environment. Besides the ongoing tariff announcements, consumer confidence is tanking. And fears about a recession are swirling. If macro conditions deteriorate, then there's a chance more borrowers will miss their payments. This could result in higher losses for SoFi. But management remains optimistic. "Our personal loan borrowers have a weighted average income of $158,000 and a weighted average FICO score of 744," CFO Chris Lapointe said on the Q4 2024 earnings call. Regardless of these data points, if the economy worsens, it could spell trouble. The fact that there's strong demand for personal lending in the first place might highlight mounting financial troubles for consumers. Investors should always keep risks in mind. Despite increased personal loan originations, this stock might still be on your radar. SoFi's growth is one reason that investors should like this business. In 2024, revenue and customer count jumped 26% and 34%, respectively. The company's digital-only platform continues to find success in the competitive financial services industry. Profitability is not an issue now. After reporting a net loss per share of $0.36 in 2023, SoFi produced earnings per share (EPS) of $0.39 in 2024. The leadership team expects EPS to soar in the years ahead to $0.68 (at the midpoint) in 2026, and then at an annualized pace of 20% to 25% after that. This outlook can certainly draw excitement from shareholders. With the stock down, the valuation doesn't look too rich. Based on the share price of $10.75 (as of April 10), the stock trades at just 16 times forecasted 2026 EPS. This depends on ongoing success, but it demonstrates the potential upside. Focusing on the near term, investors comfortable with the risk that worsening macro conditions could pose to SoFi are the only ones who should consider buying shares today. Before you buy stock in SoFi Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and SoFi Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $495,226!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $679,900!* Now, it's worth noting Stock Advisor's total average return is 796% — a market-crushing outperformance compared to 155% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 14, 2025 Neil Patel and his clients have no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Want to Buy the Dip on SoFi Stock? Here's 1 Risk You Need to Know About. was originally published by The Motley Fool
Yahoo
14-04-2025
- Business
- Yahoo
Should You Buy SoFi While It's Below $12.50?
Markets have been unsettled at the start of 2025, with considerable uncertainty regarding President Donald Trump's economic policies and how things will unfold. The benchmark S&P 500 has experienced significant volatility in recent weeks. SoFi Technologies (NASDAQ: SOFI) hasn't been immune from this dramatic volatility. The company posted a strong year of growth and turned in its first full-year positive net income, but SoFi stock has fallen 31% since the turn of the new year. The fintech's valuation is significantly cheaper than a few months ago. Here's what investors need to know about buying SoFi today. SoFi's goal is to become a one-stop financial stop for its customers. One way it looks to bring more customers to its platform is with its SoFi Plus membership. With this subscription plan, which is $10 per month, members unlock higher interest rates on savings accounts, get better cash-back rewards on SoFi credit cards, and get one-on-one financial planning with SoFi's wealth advisors. Last year was an excellent one for the fintech, which earned $1.7 billion in net interest income, a staggering 36% growth from last year and 193% growth from two years ago. This excellent growth is a big reason SoFi posted a record net income of $499 million after seeing losses exceed $300 million each of the past two years. One component of SoFi's stellar growth is its deposit growth. A few years ago, the company acquired Golden Pacific Bancorp, giving it a banking charter that enabled it to take in deposits and hold more loans on its balance sheet. The company has taken an aggressive approach to adding deposits by offering high-yielding accounts to get more deposits on its platform, and that move has paid off handsomely. Investors may have reason to be more cautious about SoFi's growth in 2025. The company attracted massive deposits over the past few years thanks to its appealing high-yield savings accounts. However, interest rates on these accounts have fallen to some degree, and the future path of interest rates remains in the air. If interest rates stay around this level or go down, SoFi's advantage -- high interest rates on savings accounts -- may not drive growth quite the same way it did in recent years. Investors are also keeping a watchful eye on SoFi's expenses. Last year, the company managed costs and bolstered its balance sheet. During its most recent earnings call, CFO Chris Lapointe indicated a change, saying: "We want to better tilt our incremental revenue growth toward investment. We have significant untapped addressable markets in front of us, and we have proven that the more we invest, the more we produce durable growth and strong returns." Then, there are concerns about the economic backdrop and how it will impact the operating environment for lenders like SoFi. There remains much uncertainty around tariffs and ongoing trade wars, with many experts concerned that inflationary pressures could reemerge. In that case, interest rates may not decline meaningfully from here, which could weigh on its consumer lending business. One aspect of SoFi's business that can provide resilience is its technology platform. With its banking charter, the company can provide critical infrastructure for non-banking entities, allowing them to offer financial products built on top of SoFi's platform. The company has made significant investments in platforms like Galileo and Technisys, which provide back-end services and support multiple products simultaneously. These platforms run on the cloud, allowing banks to process and analyze data in real time. The technology segment is attractive because it provides a steady source of fee-based revenue and an alternative revenue stream that differentiates the company from other banks and lenders. SoFi has done a solid job growing its deposit base and earnings. However, concerns about the broader economic backdrop and its expansion efforts could weigh on the business. That said, I like its prospects. Its consumer business has a nice upside, and it recently expanded its loan platform business, showing good demand for its loans. The stock's recent 30% sell-off has it trading at a price-to-earnings (P/E) ratio of around 28.8, well below its P/E ratio of 48.8 just a few short months ago. While the stock remains vulnerable to price swings, I still like its long-term prospects and think it's a solid stock for long-term investors to buy the dip on amid the recent market sell-off. Before you buy stock in SoFi Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and SoFi Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $495,226!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $679,900!* Now, it's worth noting Stock Advisor's total average return is 796% — a market-crushing outperformance compared to 155% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 5, 2025 Courtney Carlsen has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Should You Buy SoFi While It's Below $12.50? was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
03-03-2025
- Business
- Yahoo
SoFi Closes $697.6 Million Securitization of Loan Platform Business Volume
Offering Includes Participation from 35 Unique Investors SAN FRANCISCO, March 03, 2025--(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, announced today the issuance of $697.6 million in notes secured by a pool of personal loans originated by SoFi Bank, N.A. The transaction was a co-contributor securitization with collateral consisting primarily of loans previously placed with loan platform business partners. SoFi's loan platform business, which originates loans on behalf of third parties, generated $2.1 billion in personal loan volume in 2024. This represents the first securitization of new collateral in SoFi's Consumer Loan Program (SCLP) since 2021 and the first using collateral originated in the loan platform business. It provides co-contributors with meaningful liquidity to support their ongoing investment in the loan platform business given the strong market demand for SoFi's personal loans. SoFi issued notes to 35 investors in the deal, representing a range of new and existing partners. "As SoFi's personal loan products resonate with more and more people, we see continued strong demand for our loans in the capital markets," said Chris Lapointe, Chief Financial Officer of SoFi. "This offering demonstrates the clear value of our loan platform business and our diversified funding strategy." The transaction ("SCLP 2025-1") closed on February 28, 2025 and consisted of four classes of notes rated by Fitch Ratings and Morningstar DBRS from "AAA" to "BBB+". Fitch Ratings assigned ratings to all four classes of notes, and Morningstar DBRS provided ratings on the Class A, B, and C notes. Goldman Sachs was the structuring agent and joint lead bookrunner with Bank of America. The transaction priced at industry-leading costs of funds levels, with a weighted average spread of 87 basis points and an all-in yield of 5.10%. The notes were offered pursuant to Rule 144A under the Securities Act of 1933, as amended. Since the launch of SCLP in 2015, SoFi has issued more than $12 billion in notes to investors across 25 transactions. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. About SoFi SoFi (NASDAQ: SOFI) is a member-centric, one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. The company's full suite of financial products and services helps its over 10.1 million SoFi members borrow, save, spend, invest, and protect their money better by giving them fast access to the tools they need to get their money right, all in one app. SoFi also equips members with the resources they need to get ahead – like credentialed financial planners, exclusive experiences and events, and a thriving community – on their path to financial independence. SoFi innovates across three business segments: Lending, Financial Services – which includes SoFi Checking and Savings, SoFi Invest, SoFi Credit Card, SoFi Protect, and SoFi Insights – and Technology Platform, which offers the only end-to-end vertically integrated financial technology stack. SoFi Bank, N.A., an affiliate of SoFi, is a nationally chartered bank, regulated by the OCC and FDIC and SoFi is a bank holding company regulated by the Federal Reserve. The company is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams. For more information, visit or download our iOS and Android apps. Disclosures Availability of Other Information About SoFi Investors and others should note that we communicate with our investors and the public using our website ( the investor relations website ( and on social media (X and LinkedIn), including but not limited to investor presentations and investor fact sheets, Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that SoFi posts on these channels and websites could be deemed to be material information. As a result, SoFi encourages investors, the media, and others interested in SoFi to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on SoFi's investor relations website and may include additional social media channels. The contents of SoFi's website or these channels, or any other website that may be accessed from its website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended. SOFI-F View source version on Contacts PR@ Sign in to access your portfolio
