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SoFi Technologies Inc - SOFI STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SoFi Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SoFi Technologies's position in the market.

News
SoFi Breaks Down Barriers to Investing By Offering Alternative Investments
Rhea-AI Summary
SoFi (NASDAQ: SOFI) announced that SoFi Invest members can now invest in select alternative investment funds, mutual funds, and money market funds, expanding investment opportunities for everyday investors. The company will offer over 6,000 different mutual funds and access to alternative investments such as the ARK Venture Fund and Franklin Templeton’s Clarion Partners Real Estate Income Fund. SoFi will also provide educational resources and access to Certified Financial Planners to help investors understand and make informed decisions about these investment vehicles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.21%
Tags
none
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News
SoFi Technologies, Inc. Reports Fourth Quarter and Fiscal Year 2023 Results
Rhea-AI Summary
SoFi Technologies, Inc. reported accelerated revenue growth, expanding margins, and GAAP profitability in the fourth quarter, with positive GAAP net income of $48 million and GAAP EPS of $0.02. The company achieved record adjusted EBITDA of $181 million, up 159% year-over-year, and saw 40% of fourth-quarter adjusted net revenue from the tech platform and financial services segments. Total members and products grew by 44% and 41% year-over-year, respectively, and total deposits increased by $2.9 billion to $18.6 billion in the fourth quarter. The company also announced its 2024 guidance and longer-term outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.21%
Tags
earnings
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News
SoFi Launches Small Business Financing Marketplace
Rhea-AI Summary
SoFi, the digital personal finance company, expands its small business marketplace to better support American small business owners' financing needs. CEO Anthony Noto emphasizes the mission to help members achieve financial independence and realize their ambitions. The SMB marketplace simplifies the process of finding and filtering for a lender that fits a business owner’s unique needs by pairing a single application process with SoFi’s curated marketplace of participating providers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.46%
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none
News
SoFi Takes Home Three Awards in NerdWallet’s 2024 Best-Of Awards
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.05%
Tags
none
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News
SoFi Schedules Conference Call to Discuss Q4 2023 & Full Year 2023 Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.38%
Tags
earnings
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News
SoFi Accelerates Retirements With 2% Match On IRA Contributions
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.32%
Tags
none
News
Kimley-Horn to Offer 401(k) Student Loan Repayment Match in 2024
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.45%
Tags
none
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News
SoFi Invest Launches the SoFi Enhanced Yield ETF to Offer Investors a New Income Source
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.96%
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none
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News
SoFi to Participate in Upcoming Investor Conferences
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.48%
Tags
conferences
News
Let’s Hope Your Secret Santa is a Millennial: SoFi Checking & Saving Study Shows This Generation Spends $1,500 on Holiday Shopping
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.4%
Tags
none
Stock SOFI logo
SoFi Technologies Inc

Nasdaq:SOFI

SOFI Rankings

#1163 Ranked by Market Cap
#732 Ranked by Stock Gains
N/A Ranked by Dividends

SOFI Stock Data

7.74B
917.71M
3.42%
37%
16.25%
Financial Transactions Processing, Reserve, and Clearinghouse Activities
Finance and Insurance
Link
United States
San Francisco

About SOFI

sofi is a new kind of finance company. from unprecedented products and tools to faster service and open conversations, we’re all about helping our members get ahead and find success. whether they’re looking to buy a home, pay off their student loans, ascend in their careers, or invest in the future, the sofi community works to empower our members to accomplish the goals they set and achieve financial greatness as a result. nmls #1121636.