logo
ENFRع
#

Latest news with #financialnews

Can SoFi Stock Keep Its Hot Streak Alive as Q2 Earnings Approach?
Can SoFi Stock Keep Its Hot Streak Alive as Q2 Earnings Approach?

Yahoo

time4 hours ago

  • Business
  • Yahoo

Can SoFi Stock Keep Its Hot Streak Alive as Q2 Earnings Approach?

SoFi (SOFI) will release its financial results for the second quarter of 2025 on Tuesday, July 29. The financial technology company has consistently delivered strong quarterly numbers, and this trend is expected to continue in Q2 as well. However, the significant appreciation in its share price has raised valuation concerns ahead of the earnings print. Over the past month, SoFi shares have soared more than 36%, recently hitting a new 52-week high. Zooming out, the numbers are even more solid. The stock has nearly doubled in the past three months and is up about 175% over the past year. This rally reflects both strong business performance and broader market optimism, particularly after last year's interest rate cuts, which provided a tailwind for growth-oriented fintech names like SoFi. More News from Barchart Opendoor Stock Is Surging Higher in a Frenzied Retail Rally. How Should You Play OPEN Shares Here? This Penny Stock Wants to Become the MicroStrategy of Dogecoin Robinhood Stock Stumbles as S&P 500 Inclusion Is Once Again Off the Table for HOOD Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. SoFi's solid execution, revenue diversification, cost reduction, expansion of product offerings, and growing customer base have all contributed to its rise. However, the market may already be pricing in many positives ahead of the Q2 report. With the stock now appearing fairly valued, if not somewhat stretched, will SoFi continue to deliver the kind of growth that justifies its high valuation? Let's take a look at the Q2 expectations. SoFi's Strong Q2 Outlook Signals Further Upside Potential SoFi Technologies is gearing up for a strong second quarter, with all signs pointing to sustained growth across its core business lines. The fintech firm continues to capitalize on its expanding user base, increasing product offering, and a strategic shift toward capital-light revenue streams. These elements, combined with a lower cost of capital and effective risk management, position SoFi to deliver strong top-line and bottom-line growth. Management has projected adjusted net revenue for Q2 to fall between $785 million and $805 million, reflecting a year-over-year increase of 31.1% to 34.5%. This growth outlook is supported by continued momentum in member acquisition and product adoption. In Q1 alone, SoFi added 800,000 new members and 1.2 million new products. Fee-based revenue reached a quarterly high of $315 million, a 67% jump from the prior year, primarily driven by the momentum in its Loan Platform Business (LPB) and a diversified mix of non-interest income sources. The LPB, which facilitates loan originations for third-party partners without taking on credit risk, is proving to be a scalable model. Management expects LPB to become SoFi's third business line to exceed $1 billion in annual revenue after SoFi Money. Notably, SoFi Money, its digital banking offering, is on a similar trajectory, driven by customer-friendly features like high-yield accounts and peer-to-peer transfers. SoFi's investment arm is also showing strength. The SoFi Invest platform saw a 21% year-over-year increase in investment product uptake in Q1. The company is broadening investor access to exclusive opportunities through partnerships, most recently giving members the chance to invest in private firms like Anthropic. This access, once limited to ultra-wealthy individuals, has become a compelling draw for SoFi's growing member base. Its technology platform continues to build momentum, attracting new clients and generating steady, fee-based revenue. As SoFi refines its tech infrastructure, the segment is expected to become an increasingly important revenue contributor. On the lending front, personal loans remain a key driver of growth, while home equity products are gaining momentum. The company's ability to fund these loans cost-effectively is a significant advantage. SoFi's deposit base swelled to $27.3 billion in Q1, helping reduce funding costs by an estimated $515 million annually. Wall Street anticipates SoFi will post earnings of $0.06 per share for the quarter, reflecting a year-over-year increase of about 500%. SoFi has beaten analyst estimates for four consecutive quarters, including a 100% beat last quarter, and another strong showing could push its share price even higher. Here's What Analysts Recommend for SoFi Stock SoFi's stock is already trading near the highest price target of $21, which indicates a potential pullback could be coming. Additionally, analysts currently have a 'Hold' consensus rating on the stock. The Bottom Line SoFi is likely to deliver solid Q2 financials led by growth across its core business segments. However, the recent surge in its share price has heightened valuation concerns, potentially limiting near-term upside. While SoFi's fundamentals remain strong and point to long-term growth potential, Q2 results and its outlook could reveal whether SoFi stock will continue to rise or its hot streak is due for a cool-down. On the date of publication, Amit Singh did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio

New to The Street Episode #679 Airs Tonight on Fox Business Network
New to The Street Episode #679 Airs Tonight on Fox Business Network

Associated Press

time18 hours ago

  • Business
  • Associated Press

New to The Street Episode #679 Airs Tonight on Fox Business Network

Featuring Hapbee Technologies (HAPBF), Arrive AI (ARAI), FLOKI, BioVie Pharma (BIVI) & The Sustainable Green Team (SGTM) NEW YORK, NY / ACCESS Newswire / July 21, 2025 / New to The Street, the award‑winning financial news show, will airshow number 679 tonight at 10:30 PM PST on Fox Business Network as sponsored programming. The broadcast features in-depth segments with a compelling lineup of innovation-driven companies reshaping their respective sectors. Featured Companies About New to The Street New to The Street is one of America's longest-running business television brands, broadcasting since 2009 across major U.S. financial networks. Now in its 16th year, the show airs weekly as sponsored programming on Fox Business Network and Bloomberg Television, reaching over 220 million U.S. homes. Beginning later this quarter, New to The Street will expand its syndication to CNBC and key Middle Eastern markets, further cementing its global footprint. As the flagship media brand within a powerful financial media ecosystem, New to The Street delivers curated interviews with CEOs, founders, and innovators from public and private companies across emerging sectors-from biotech and AI to fintech, crypto, and sustainability. Its reach extends far beyond traditional TV: New to The Street is also one of the largest U.S. buyers of national TV commercial inventory for public company exposure and investor awareness, delivering campaigns across television, digital, and outdoor platforms in a predictable media model that delivers scale, frequency, and credibility. Whether it's Nasdaq or NYSE interviews, primetime exposure, earned media on ABC/NBC/CBS, or placement on towering LED billboards, New to The Street is where companies come to tell their stories-and get seen. Media Contact Monica Brennan PR Director, New to The Street [email protected] Follow New to The Street: YouTube | LinkedIn | Twitter/X | Facebook | Instagram SOURCE: New To The Street press release

Stocks Kick Off Busy Earnings Week at Highs
Stocks Kick Off Busy Earnings Week at Highs

Bloomberg

time19 hours ago

  • Business
  • Bloomberg

Stocks Kick Off Busy Earnings Week at Highs

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Morgan Stanley's Andrew Szczurowski, Hayman Capital, Management's Kyle Bass, BNY Wealth's Sinead Colton Grant, FICO's Will Lansing, Western Union's Devin McGranahan, JPMorgan's Gabriela Santos, Yellow Card's Chris Maurice, and Grammy Nominated Rapper Jay "Jeezy" Jenkins. (Source: Bloomberg)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store