Latest news with #SOFI
Globe and Mail
2 days ago
- Business
- Globe and Mail
5 Important Takeaways From SoFi's Blowout Earnings Report
Key Points SoFi reported earnings that handily beat expectations on both the top and bottom lines. The loan platform business is generating an impressive stream of fee income. SoFi's asset quality is improving, with the net charge-off ratio declining by more than 40 basis points. 10 stocks we like better than SoFi Technologies › SoFi Technologies (NASDAQ: SOFI) recently reported its second-quarter earnings, and the stock soared to a multiyear high. Not only were the numbers generally stronger than analysts had been looking for, but the company also is growing in all the right ways and has big plans. With that in mind, here are some of the key takeaways from SoFi's earnings report that you need to know, and what to keep an eye on. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » 1. Growth momentum isn't slowing down In the second quarter, revenue growth was 44% year over year, an acceleration over its prior rate. The company grew its membership base by 34% year over year, adding 846,000 new members, the highest single-quarter total ever. 2. Capital-light revenue streams are strong SoFi has been a personal lender for years, but the recent focus has been on the loan platform business, which consists of several capital-light streams of fee income. In addition to securitizing loans and selling them to investors, the company has been originating a high volume of loans on behalf of third parties and referring applicants to other lending partners. Its loan platform is generating high-margin fee income at a rate of more than $500 million annually on a run rate of $9.5 billion in loan originations. Fee-based revenue now makes up 44% of the company's total, compared with 27% a couple of years ago, and this shift is a big reason for SoFi's surprisingly strong profitability. Noninterest income roughly quadrupled year over year, and the loan platform business has been the primary driver. 3. Profits are better than expected Not only did SoFi produce better-than-expected profitability in the second quarter, but the company also reported its highest earnings per share (EPS) ever. It produced an 11% adjusted net margin, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 80% year over year. And management raised its full-year 2025 guidance for all major profitability metrics and now expects EPS to more than double from 2024 levels. 4. Asset quality is improving SoFi's loan net charge-off rate ticked higher in 2023 but it has been in a clear downward trend for nearly two years. Since it peaked at 3.98% in late 2023, the net charge-off rate for personal loans has declined to 2.83%, including a 48-basis-point sequential drop in the most recent quarter. 5. More than personal loans SoFi is well known for its personal loan business, and for good reason. But the company also originates student loans and home loans, and I'd argue that these are underappreciated growth drivers. In the second quarter, student loan volume grew by 35%, and I wouldn't be surprised to see it accelerate in the second half of the year, since more pandemic-era federal student loan protections have expired recently. For example, borrowers whose loans are in limbo as the SAVE repayment plan makes its way through the legal system just recently saw interest start accumulating on their student loans again. Perhaps most exciting is the fintech's home loan business, which grew volume by more than 90% year over year despite a slow real estate market and persistent high interest rates. There's a lot of pent-up demand for home purchases as well as for refinancing and home equity lines of credit, and if mortgage rates fall, this could become a big business. What to watch The second half of 2025 could be an exciting time for SoFi. The Federal Reserve is widely expected to resume interest rate cuts, and this could help lower the company's deposit cost. Also, management is bringing back cryptocurrency trading before the end of the year and has other big plans to integrate cryptocurrency and blockchain technology throughout its platform. Along with its earnings report, SoFi announced a plan to raise $1.5 billion in fresh capital by selling new common stock. With plenty of growth opportunities, this could help take its business to the next level. 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 $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% 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 August 4, 2025
Yahoo
2 days ago
- Business
- Yahoo
5 Important Takeaways From SoFi's Blowout Earnings Report
Key Points SoFi reported earnings that handily beat expectations on both the top and bottom lines. The loan platform business is generating an impressive stream of fee income. SoFi's asset quality is improving, with the net charge-off ratio declining by more than 40 basis points. 10 stocks we like better than SoFi Technologies › SoFi Technologies (NASDAQ: SOFI) recently reported its second-quarter earnings, and the stock soared to a multiyear high. Not only were the numbers generally stronger than analysts had been looking for, but the company also is growing in all the right ways and has big plans. With that in mind, here are some of the key takeaways from SoFi's earnings report that you need to know, and what to keep an eye on. 1. Growth momentum isn't slowing down In the second quarter, revenue growth was 44% year over year, an acceleration over its prior rate. The company grew its membership base by 34% year over year, adding 846,000 new members, the highest single-quarter total ever. 2. Capital-light revenue streams are strong SoFi has been a personal lender for years, but the recent focus has been on the loan platform business, which consists of several capital-light streams of fee income. In addition to securitizing loans and selling them to investors, the company has been originating a high volume of loans on behalf of third parties and referring applicants to other lending partners. Its loan platform is generating high-margin fee income at a rate of more than $500 million annually on a run rate of $9.5 billion in loan originations. Fee-based revenue now makes up 44% of the company's total, compared with 27% a couple of years ago, and this shift is a big reason for SoFi's surprisingly strong profitability. Noninterest income roughly quadrupled year over year, and the loan platform business has been the primary driver. 3. Profits are better than expected Not only did SoFi produce better-than-expected profitability in the second quarter, but the company also reported its highest earnings per share (EPS) ever. It produced an 11% adjusted net margin, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 80% year over year. And management raised its full-year 2025 guidance for all major profitability metrics and now expects EPS to more than double from 2024 levels. 4. Asset quality is improving SoFi's loan net charge-off rate ticked higher in 2023 but it has been in a clear downward trend for nearly two years. Since it peaked at 3.98% in late 2023, the net charge-off rate for personal loans has declined to 2.83%, including a 48-basis-point sequential drop in the most recent quarter. 5. More than personal loans SoFi is well known for its personal loan business, and for good reason. But the company also originates student loans and home loans, and I'd argue that these are underappreciated growth drivers. In the second quarter, student loan volume grew by 35%, and I wouldn't be surprised to see it accelerate in the second half of the year, since more pandemic-era federal student loan protections have expired recently. For example, borrowers whose loans are in limbo as the SAVE repayment plan makes its way through the legal system just recently saw interest start accumulating on their student loans again. Perhaps most exciting is the fintech's home loan business, which grew volume by more than 90% year over year despite a slow real estate market and persistent high interest rates. There's a lot of pent-up demand for home purchases as well as for refinancing and home equity lines of credit, and if mortgage rates fall, this could become a big business. What to watch The second half of 2025 could be an exciting time for SoFi. The Federal Reserve is widely expected to resume interest rate cuts, and this could help lower the company's deposit cost. Also, management is bringing back cryptocurrency trading before the end of the year and has other big plans to integrate cryptocurrency and blockchain technology throughout its platform. Along with its earnings report, SoFi announced a plan to raise $1.5 billion in fresh capital by selling new common stock. With plenty of growth opportunities, this could help take its business to the next level. 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 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 $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% 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 August 4, 2025 Matt Frankel has positions in SoFi Technologies. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 5 Important Takeaways From SoFi's Blowout Earnings Report 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
Yahoo
6 days ago
- Business
- Yahoo
SoFi Stock May Have Peaked
SoFi (SOFI) shows strong technical momentum, with a 68% gain since April. Shares are trading above key moving averages, signaling continued bullishness. Revenue and earnings are projected to grow significantly over the next two years, supporting the stock's recent price appreciation. Analyst sentiment is mixed, with some calling SOFI overvalued and others rating it a 'Buy,' reflecting uncertainty about further upside. Today's Featured Stock Valued at $23.8 billion, SoFi Technologies (SOFI) provides a consumer-focused financial technology platform. What I'm Watching I found today's Chart of the Day by using Barchart's powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction; and a Trend Seeker 'buy' signal. I then used Barchart's Flipcharts feature to review the charts for consistent price appreciation. SOFI checks those boxes. Since the Trend Seeker signaled a buy on April 28, the stock has gained 63.18%. More News from Barchart Palantir's Free Cash Flow Margins and Forecasts Rise - Where This Leaves PLTR Stock Cathie Wood is Buying Figma Stock with Both Hands. Should You Buy This Hot IPO, Too? Can SoundHound's Q2 Results Send the Stock Soaring on August 7? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. SOFI Price vs. Daily Moving Averages: Barchart Technical Indicators for SoFi Technologies Editor's Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the website when you read this report. These technical indicators form the Barchart Opinion on a particular stock. SoFi Technologies shares hit a new 52-week high on July 29, touching $25.11 in intraday trading. SoFi Technologies has a Weighted Alpha of +209.12. SOFI has an 88% 'Buy' opinion from Barchart. The stock has gained 232.5% over the past year. SOFI has its Trend Seeker 'Buy' signal intact. SoFi Technologies is trading above its 20-, 50-, and 100-day moving averages. The stock made 7 new highs and gained 15.13% in the last month. Relative Strength Index (RSI) is at 57.77%. There's a technical support level around $21.20. Don't Forget the Fundamentals $23.8 billion market capitalization. 90.88x trailing price-earnings ratio. Revenue is projected to grow 31.05% this year and another 22.38% next year. Earnings are estimated to increase 110.84% this year and an additional 65.69% next year. Analyst and Investor Sentiment on SoFi Technologies I don't buy stocks because everyone else is buying, but I do realize that if major firms and investors are dumping a stock, it's hard to make money swimming against the tide. It looks like Wall Street analysts are split on SOFI, and so are most major advisory sites. The Wall Street analysts tracked by Barchart have issued 5 'Strong Buy,' 2 'Moderate Buy,' 11 'Hold,' and 5 'Sell' opinion on the stock. Value Line gives the company its above-average rating but has a price target of only $18. CFRA's Market Scope rates the stock a 'Hold.' Morningstar thinks the stock is overly valued by 36% with a fair value of $16. 103,590 investors monitor the stock on Seeking Alpha, which rates the stock a 'Hold.' The Bottom Line on SoFi Technologies SOFI currently has momentum and is hitting new highs. However, many investors and analysts think the double-digit projections of revenue and earnings growth have been fully reflected in the current price. I caution that SOFI is volatile and even speculative in the current environment, which means investors should use strict risk management and stop-loss strategies. Today's Chart of the Day was written by Jim Van Meerten. Read previous editions of the daily newsletter here. Additional disclosure: The Barchart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance. On the date of publication, Jim Van Meerten 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
Jordan News
7 days ago
- Health
- Jordan News
Jordan Strengthens Food Security Strategy with Reliable Data, Global Collaboration - Jordan News
Jordan Strengthens Food Security Strategy with Reliable Data, Global Collaboration The Kingdom is reinforcing its leadership in food security by prioritizing accurate national data, institutional coordination, and global partnerships. اضافة اعلان Anchored in a science-based approach, the government is steadily building a transparent and reliable food security information system designed to reflect real national needs and support effective long-term planning. As part of these efforts, the Food Security Council, in collaboration with the World Food Programme and under the technical supervision of the Department of Statistics, is finalizing two pivotal studies focusing on nutrition gaps and food consumption patterns. These studies are expected to offer a scientifically grounded understanding of the nutrition poverty line in Jordan, as well as the key factors influencing food consumption behavior. Minister of Agriculture Khaled Hneifat emphasized the government's commitment to data-driven policy. He confirmed that a comprehensive national survey is currently underway to measure two critical international indicators: the percentage of the population experiencing moderate or severe food insecurity, and the percentage facing severe food insecurity alone. This survey is being conducted in partnership with the Food and Agriculture Organization and the World Food Programme, with completion expected before the end of 2025. Hneifat noted that this initiative plays a vital role in strengthening international confidence in Jordan's capacity to produce accurate, scientifically verified data. Secretary of the Food Security Council, Nada Fraihat, explained that Jordan's national data has been included in 23 of the 25 indicators published in the 2025 edition of the State of Food Security and Nutrition in the World (SOFI) report. The two excluded indicators were omitted at the country's request, as they were derived from unpublished, model-based estimates rather than official statistics. Jordan formally asked that these be withheld until the national survey concludes. Fraihat further highlighted the launch of the National Food Security Information System in October 2024. The system, one of the most advanced in the region, features 36 national indicators and operates using modern statistical methodologies grounded in verified data sources. The 2025 SOFI report indicates clear progress in Jordan's food security profile. The share of individuals unable to afford a healthy diet fell from 11.5 percent in 2023 to 10.7 percent in 2024. This represents a decline from 1.3 million to 1.2 million people a 7.7 percent decrease. Similarly, the prevalence of undernourishment dropped from 17.9 percent over the period 2021–2023 to 14.3 percent for 2022–2024. However, the cost of maintaining a healthy diet rose slightly due to inflation, increasing by 2.7 percent from $3.28 to $3.37 per person per day. Dr. Fraihat stressed that national policy is built upon the independence and scientific integrity of its data, which led the government to issue a directive restricting the release of official statistics to international organizations, unless provided through the Department of Statistics. International food security advisor Waleed Abd Rabbo echoed this emphasis on data quality, describing it as the foundation for viable and actionable policy. He explained that Jordan's National Food Security Strategy draws exclusively on trusted national indicators rather than generalized international metrics that may not reflect the country's unique priorities such as water use efficiency or self-sufficiency ratios. The strategy underwent rigorous review by regional and international institutions before being formally adopted by the government, earning high praise for the reliability of its data and the strength of its design. Jordan's credibility in this field has garnered international recognition. The country was selected by Wageningen University and Oxford University as one of only five countries globally to serve as a model in transforming food systems, a selection based on its use of predictive models driven by precise national data. Abd Rabbo also noted that Jordan has achieved unprecedented levels of agricultural self-sufficiency and export growth over the past two years. A clearly defined process now exists for updating both national and international indicators. Responsibility for data collection lies with designated government bodies, while independent support institutions conduct regular audits depending on how often each indicator is updated. Further reinforcing this approach, a permanent information committee has been established under the Higher Council for Food Security. Comprising more than ten national and international entities, the committee meets regularly to track and update food security indicators. This structure reflects a deep-rooted institutional awareness of the strategic importance of data in shaping national decisions. Abd Rabbo also warned against the dangers of relying on fragmented or selectively interpreted data, citing its potential to generate economic, social, and political consequences. In line with its right as a sovereign state, Jordan like many others has reserved the authority to reject the publication of any externally generated data or conclusions not verified by official national sources. Currently, preparations are underway to conduct a new nationwide survey, in collaboration with both national and international partners, to ensure that future food security indicators are grounded in precise, verifiable statistics. (Petra)
Winnipeg Free Press
7 days ago
- Business
- Winnipeg Free Press
Rising prices, growing hunger
Opinion A trip to the grocery store is getting more expensive all the time. Food prices are expected to rise by three to five per cent in Canada this year alone, with meat and vegetables leading the way. Buying cheaper food brings its own risks, as poor nutrition can lead to other health problems and a notable drop in school performance for children. As Canadians struggle with rising food prices, we can empathize with people in other countries where prices are rising more than twice as fast, as revealed in this year's State of Food Security and Nutrition in the World (SOFI) report, published Monday by the UN's Food and Agriculture Organization. Across Africa as a whole, where hunger is growing the fastest, people had to pay an average of 37 per cent more for a healthy diet in 2024 than in 2019. The rising cost of food is due to factors beyond the control of individual families, with the biggest causes being changes in climate, government policies, and geopolitical conflicts. In many African countries, a large percentage of the population work in the agriculture and food system — growing, processing, transporting, and selling food. Most farmers have less than five hectares of land to grow food for their families, hoping to produce enough extra food to sell for income. One failed rainy season, or a fuel shortage making food transport difficult, means less food at home, and more expensive food in the market. Families struggling financially might cope by cutting back on expensive foods like vegetables and meat, instead eating more rice or porridge — filling the belly, but lacking nourishment for growing minds. Mothers often skip meals so their kids can eat, and when desperation hits, families sell their land or assets to buy food, putting their future livelihood at risk. Canada and other industrial countries aim to reduce global hunger by providing food assistance in crisis situations and investing in agriculture and food systems to reduce hunger over the long term. But with countries like Germany, the United Kingdom, the United States, and other nations making significant cuts to their international aid budgets this year, there will be fewer resources to meet increasing needs. The Canadian Foodgrains Bank, with support from the Canadian government and thousands of Canadians across the country, helps over one million people in 37 countries to eat better each year. In contexts of crisis, such as in Gaza, this looks like emergency food assistance baskets provided for 143,000 people with support from two Foodgrains Bank members. 'I walked more than five kilometres to receive this package because it came at a critical time… I didn't know what I would feed my children today,' says project participant Nasim (a pseudonym used for security reasons). Our work also includes provision of longer-term agriculture and livelihood support to improve food security in countries like the Democratic Republic of the Congo. 'I no longer go to (the) market for vegetables … I am walking on the path to food security,' says project participant Hélène, who built her own kitchen garden and influenced many others in her community to adopt conservation agriculture farming techniques. While several partners supported by Foodgrains Bank members were impacted by the USAID cuts earlier this year — including Church World Service Africa, which lost over 500 staff in Kenya — we're inspired by their continued commitment to serving the most vulnerable. Canada has long stood at the forefront of the fight against hunger, driving lasting change and fostering stability and prosperity around the world. As others step back, Canada must step forward to fill critical gaps emerging in humanitarian and development funding. By prioritizing support for small-scale farmers and delivering food aid where it's needed most, Canada can help ensure no one is left behind in the mission to build a more secure, equitable world — one where food is affordable and accessible for all. Paul Hagerman is the Director of Public Policy at Canadian Foodgrains Bank. He joined in 2007 and now oversees advocacy work on food security issues within the organization. Prior to his work with the Foodgrains Bank, Paul worked in agriculture for over 20 years in Canada, Africa, Asia and the Caribbean.
