Previous close | 0.0100 |
Open | 0.0400 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 20.00 |
Expiry date | 2024-07-19 |
Day's range | 0.0100 - 0.0400 |
Contract range | N/A |
Volume | |
Open interest | N/A |
SoFi Technologies offered plenty of positives in its first-quarter report, but it wasn’t enough for Wall Street. On the earnings call, management said it sold $62.5 million of late-stage delinquent personal loans in the first quarter and that its annualized personal loan charge-off rate—unrecoverable company-owned debt—fell to 3.45% from 4.02% in the fourth quarter, including the delinquency sale. Citi analysts Peter Christiansen and Rebecca Lu, who rate shares at Buy and have a price target of $11, believe guidance and the higher-than-expected charge-off rate dragged the stock lower.
SoFi Technologies Inc reports significant revenue growth and member expansion, alongside promising financial forecasts and strategic product enhancements.
Q1 2024 SoFi Technologies Inc Earnings Call