Latest news with #SoFi
Business Wire
6 hours 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
8 hours ago
- Business
- Yahoo
The Smartest Growth Stocks to Buy With $100 Right Now
SoFi, an all-digital bank, is angling to become one of the U.S.'s biggest lenders. Nu Holding, the equivalent of SoFi in Latin America, may be even further ahead in its efforts to displace traditional banks. 10 stocks we like better than SoFi Technologies › If you think $100 isn't enough to buy great growth stocks, think again. A $100 investment in Nvidia 10 years ago is worth more than $25,000 today. It won't be easy to identify the next Nvidia, but that's just an example to illustrate the power of investing. The earlier you start, the more you can give your money the chance to compound over time. If you have $100 to invest every month, you will be well on your way toward creating a powerful retirement portfolio. SoFi Technologies (NASDAQ: SOFI) and Nu Holdings (NYSE: NU) are two excellent growth stocks to consider if you have $100 to invest, whether as a one-time buy or for monthly investments. SoFi has big ambitions of becoming a top-10 U.S. bank, and considering its growth rates as compared to traditional, large players, it could break into this exclusive group of banks. Adjusted net revenue rose in the 2025 first quarter by 33% year over year, driven by a rebound in the core lending business and skyrocketing financial services sales. Financial services sales more than doubled year over year, and this low-cost, fee-based segment is also driving robust net income, with a 299% increase in contribution profit and a 49% contribution margin, up from 25% last year. SoFi has primarily been a lending company, having started out as a loan co-op for college students and graduates. While it still maintains that target market, it has expanded into a broad assortment of financial services and has a robust cross-selling strategy that generates higher engagement and revenue. Non-lending segments are growing faster, but as loan growth is accelerating again, they remain less than half of the total business. Lending segment revenue increased 25% year over year in Q1, and contribution profit was up 15%. SoFi's all-digital business, with its easy-to-use interface, is attracting customers, especially from its young professional target base. These younger customers are using SoFi's platform to power their financial journeys, and as they increase their earnings and become more financially engaged, they're driving SoFi's growth. Membership increased 34% year over year in Q1 to a total of 10.9 million. SoFi stock has been up and down as interest rates fluctuate, and that's to be expected as a bank. It's up 91% during the past year, and it's likely to thrive under improved economic conditions, offering shareholders incredible long-term potential. Nu is similar to SoFi, but it operates out of Brazil and also serves Mexico and Colombia. It's reporting rapid growth and rising profits, and it has ambitions to built out its platform and enter new markets. It's nowhere near done expanding in its home country of Brazil, and all these growth drivers should keep its business increasing comfortably for the foreseeable future and beyond. It added 4.3 million customers to the platform in Q1 alone, reaching a total of 118.6 million. Those are still primarily in Brazil, where it already has 59% of the country's adult population as members. It has 11 million customers in Mexico and 3 million in Colombia, both regions where it has limited operations. It recently got approved to operate a digital bank in Mexico, and as it adds services in that market, it should enjoy accelerating growth. Nu has a similar cross-selling and upselling strategy to SoFi. It offers many financial services, like credit cards and investing tools, and it has an engagement rate of 83%, indicating customer satisfaction. It also continues to increase its average revenue per active customer (ARPAC), implying that customers are buying more and higher-priced products. That's doubly impressive because that figure includes the new members, which could sometimes dilute the average revenue per user. Management said that played a role in the first quarter's growth, which was lower than usual. For the incumbent banks, ARPAC exceeds $40, and Nu's average was $11.20 in Q1. Scale, technology, and efficient management are leading to lower costs and rising profitability. Costs have decreased by more than 80% over the past few years, and cost to serve was $0.70 in the first quarter. Net income improved from $378.8 million last year to $557.2 million. Nu stock has been volatile over the past year as investors consider various factors affecting its business, such as high inflation in Brazil and a low exposure to tariffs because it's not a U.S.-based company. It's up 16% this year, and there's a huge opportunity for this stock to keep gaining. 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 $651,761!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,263!* Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 170% 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 May 19, 2025 Jennifer Saibil has positions in Nu Holdings and SoFi Technologies. The Motley Fool has positions in and recommends Nvidia. The Motley Fool recommends Nu Holdings. The Motley Fool has a disclosure policy. The Smartest Growth Stocks to Buy With $100 Right Now was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
11 hours ago
- Business
- Globe and Mail
1 Catalyst That Could Lift SoFi Stock Higher
The management team delivered must-know updates for SoFi (NASDAQ: SOFI) stock investors. *Stock prices used were the afternoon prices of May 27, 2025. The video was published on May 29, 2025. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Should you invest $1,000 in SoFi Technologies right now? Before you buy stock in SoFi Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks 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 $651,761!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,263!* Now, it's worth noting Stock Advisor 's total average return is978% — a market-crushing outperformance compared to170%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Parkev Tatevosian, CFA 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. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Time of India
12 hours ago
- Entertainment
- Time of India
Nick and Vanessa Lachey share their "Golden Rule" for a Happy Marriage after almost 14 Years
Nick and Vanessa Lachey are on the verge of 14 years of marriage—and as they say, one easy but effective "golden rule" has assisted in maintaining their connection solid over the years. In a recent episode of Richer Lives, SoFi's branded financial podcast that premiered on Tuesday, May 27, Nick, 51, opened up about the key lesson he and Vanessa, 44, prioritize to maintain both their marriage and professional partnership. "Just the best you can do is not take your work home with you. Which is difficult if you work with your spouse," said Nick. "I believe we do a really great job of doing that, for the most part, but it's not easy to work with your spouse sometimes." The pair, who started dating in 2006 and got married in 2011, have been co-presenting Netflix's Love Is Blind since its launch five years ago. Their on-screen chemistry is palpable, but Nick confesses it's not a smooth ride behind the scenes. "Sometimes you come to work and there's a fight at home that you carried with you to work and you don't want that to spill over," he said. "And sometimes there's fights at work that spill over [onto home life]." Their solution? Compartmentalization. "Try and keep it as separate as you can," Nick emphasized. "You're here doing a job. Yes, you're a married couple… but our golden rule is: don't bring work home, and don't bring home to work." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo The couple, who share three children—Camden, 12, Brooklyn, 10, and Phoenix, 8—also happen to share the same birthday, November 9. Vanessa celebrated the occasion last year with a sweet photo of the two sharing a kiss. Though she admitted on the podcast that their routines have shifted since relocating from Hawaii back to Los Angeles in August (Vanessa previously filmed NCIS: Hawai'i), she's hopeful they'll fall back into their rhythm soon. "I do not want the time we have for intimacy and closeness to become dominated by logistics, but that's our life," she said. "I think we're entering an era of having to have a hump day and a logistics day." Nick and Vanessa also candidly discussed couples therapy and the need for relationship work, especially after being together for almost two decades. "Anything worth having takes effort," Nick replied. "To me, that's a tenet of life, and marriage is no exception. There's no fault in that. There's no perfect person. There's just your person."
Forbes
a day ago
- Business
- Forbes
What's Behind The 3x Rise In SOFI Stock?
The SoFi logo is being displayed on a smartphone in this photo illustration in Brussels, Belgium, on ... More May 28, 2024. (Photo by Jonathan Raa/NurPhoto via Getty Images) SoFi Technologies stock (NASDAQ: SOFI) has seen an increase of over 30% from its lows of below $10 in early April this year to its current value of $13. This rise can mainly be credited to the company's strong Q1 results and an upward adjustment to its annual forecast. Our analysis of SoFi's Q1 performance provides additional insights. Following this recent increase, SOFI stock is trading 190% higher when viewed over a longer duration starting from early 2023. This can largely be attributed to: We will examine the specifics of these factors. While SOFI stock has performed exceptionally well, if you're looking for potential growth with a smoother experience than investing in a single stock, consider the High Quality portfolio, which has surpassed the S&P and achieved >91% returns since inception. Separately, see – GE Stock To $150? SoFi's strong revenue growth is driven by its expansion beyond its primary lending business to establish itself as a 'one-stop shop' for financial services. This diversification includes offerings such as SoFi Money (banking), SoFi Invest (investing), and SoFi Relay (financial insights), in addition to its traditional lending services (personal loans, student loan refinancing, and home loans). This approach has resulted in considerable growth in its membership base and product usage. For context, the company's membership base grew from 5.2 million in 2022 to 10.9 million currently. SoFi's 2022 acquisition of Technisys – a cloud-based core banking solution – has been vital for the company. Furthermore, the company acquired a banking charter in 2022, which allows it to hold loans for investment and significantly enhance its deposit base. Among its segments, Financial Services has exhibited remarkable growth, increasing fivefold from $168 million in 2022 to $822 million last year. This increase is credited to the strong uptake of products like SoFi Money, Relay, and Invest, as well as the swift growth of its Loan Platform Business. The company's Lending segment has also performed well, increasing by 30% over the same period. Although student loan refinancing has traditionally been a substantial revenue source for SoFi, personal loans have become a significant contributor to growth in recent years. The company has secured significant commitments from institutional investors, including Fortress Investment Group and Blue Owl Capital, to purchase its loans, aiding in diversifying its revenue sources and lowering capital intensity. SoFi's Financial Services segment has been a key factor in the company's financial overhaul, greatly boosting overall profitability. Since 2022, SoFi's operating margin has dramatically improved from -20.4% to 17.2% (for the last twelve months) — an impressive increase. The 2022 banking charter granted to SoFi was a significant landmark, enabling the company to leverage low-cost deposits from its members, especially those with direct deposits, as a reliable funding source for loans. This transition away from pricier financing methods directly benefited SoFi's net interest income and overall profitability. This enhanced financial performance, combined with robust sales growth and commitments from institutional investors, has transformed investor sentiment. The company's price-to-sales valuation multiple has doubled during this time, rising from 2.6x in 2022 to 5.3x in 2024, which reflects renewed investor optimism. This shift occurred amidst a challenging market backdrop, particularly influenced by the inflation surge of 2022 that triggered a significant stock market downturn. During this tumultuous period, SOFI stock saw a steep decline, plummeting 83% from its February 2021 peak of $26 down to $4 by December 2022 – a more considerable drop than the S&P 500's 25.4% peak-to-trough decline. The stock has yet to reclaim its pre-Crisis peak. At its current price of $13, SOFI stock is trading at a price-to-sales (P/S) ratio of 5.3x, which is closely aligned with its four-year average of 5.5x. However, there are strong indicators suggesting that the valuation multiple could see further expansion. Firstly, the company's strategic shift toward higher-margin revenue avenues through its Technology Platform (Galileo and Technisys) and Financial Services segments is attracting investor interest. This transition from a mainly lending-focused model to a more varied, technology-driven approach may prompt the market to assign higher multiples, recognizing the more stable, fee-based income. Secondly, SoFi's persistent member growth and successful cross-selling are proving to be essential. As the company continues to expand its membership and efficiently cross-sells banking, investing, insurance, and lending products within its integrated ecosystem, investors might attribute a premium to its valuation. Lastly, and most importantly, SoFi's trajectory toward consistent profitability could serve as a significant catalyst. Maintaining profitability, supported by increased operational efficiency and economies of scale, could lead to a vital inflection point, as financially successful companies in the services sector typically command higher valuations. While these factors strongly favor SoFi, investors should also weigh the risks involved. SoFi's stock previously declined over 80% during a significant market downturn, highlighting its vulnerability to macroeconomic challenges. With interest rates remaining high and ongoing trade tensions, there exists a risk of a further decline in the stock price. Certainly, there is always a substantial risk when investing in a single stock, or a limited number of stocks. Consider the Trefis High Quality (HQ) Portfolio which, encompassing a selection of 30 stocks, has a history of successfully outperforming the S&P 500 over the past four years. What accounts for this? Collectively, HQ Portfolio stocks have delivered superior returns with lower risk compared to the benchmark index; providing less volatile experiences, as illustrated in HQ Portfolio performance metrics.
