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SOFI Jan 2025 2.000 call
- Barrons.com
SoFi Stock Is Bouncing Back as Analyst Cites ‘Overrated Fears’
Shares of SoFi Technologies were rising in Wednesday trading, on pace to snap a two-day losing streak as Mizuho Securities argued that the shares have fallen too far. Shares lost 10% that day and 3.8% on Tuesday as Wall Street voiced concerns around a higher-than-expected charge-off rate for loan losses, the financial forecasts, and continued worries over fair-value accounting practices. Mizuho Securities analysts led by Dan Dolev remain upbeat, arguing that investors are too concerned about credit quality and fair value marks.
- Insider Monkey
SoFi Technologies, Inc. (NASDAQ:SOFI) Q1 2024 Earnings Call Transcript
SoFi Technologies, Inc. (NASDAQ:SOFI) Q1 2024 Earnings Call Transcript April 29, 2024 SoFi Technologies, Inc. beats earnings expectations. Reported EPS is $0.02, expectations were $0.01. SoFi Technologies, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning. My name […]
- Barrons.com
SoFi Stock Is Falling Again. Wall Street Is Worried.
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.
