Financial Services -
Financial - Credit Services - NASDAQ - US
$ 14.3299
-0.968 %
$ 15.7 B
Market Cap
36.74
P/E
1. INTRINSIC VALUE
Balance Sheet
SoFi Technologies, Inc.
| Current Assets | 2.54 B |
| Cash & Short-Term Investments | 2.54 B |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 33.7 B |
| Long-Term Investments | 0 |
| PP&E | 369 M |
| Other Non-Current Assets | 33.3 B |
| Current Liabilities | 0 |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 29.7 B |
| Long-Term Debt | 3.09 B |
| Other Non-Current Liabilities | 26.6 B |
EFFICIENCY
Earnings Waterfall
SoFi Technologies, Inc.
| Revenue | 2.81 B |
| Cost Of Revenue | 259 M |
| Gross Profit | 2.55 B |
| Operating Expenses | 1.95 B |
| Operating Income | 860 M |
| Other Expenses | 361 M |
| Net Income | 499 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
SoFi Technologies, Inc.
| Net Income | 499 M |
| Depreciation & Amortization | 203 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 0 |
| Change in Working Capital | 0 |
| Others | -1.82 B |
| Free Cash Flow | -1.12 B |
Wall Street Analysts Price Targets
SoFi Technologies, Inc.
Wall Street analysts predict an average 1-year price target for SOFI of $10.6 , with forecasts ranging from
a
low of
$7.5 to a high of $14 .
SOFI Lowest Price Target
Wall Street Target
7.5 USD
-47.66%
SOFI Average Price Target
Wall Street Target
10.6 USD
-26.03%
SOFI Highest Price Target
Wall Street Target
14 USD
-2.30%
4. DIVIDEND
ANALYSIS
SOFI does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
SoFi Technologies, Inc.
Sold
0-3 MONTHS
431 M USD 4
3-6 MONTHS
863 K USD 2
6-9 MONTHS
135 M USD 3
9-12 MONTHS
390 K USD 1
Bought
500 K USD 1
0-3 MONTHS
0 USD 0
3-6 MONTHS
199 K USD 1
6-9 MONTHS
598 K USD 1
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 month ago
Jan 21, 2025
|
Sell 157 K
USD
|
Keough Kelli
EVP, GBUL, SIPS
|
- 8914
|
17.5825 USD |
|
2 months ago
Dec 23, 2024
|
Sell 139 K
USD
|
Keough Kelli
EVP, GBUL, SIPS
|
- 8914
|
15.5877 USD |
|
2 months ago
Dec 19, 2024
|
Sell 1.02 M
USD
|
Rishel Jeremy
Chief Technology Officer
|
- 64991
|
15.72 USD |
|
2 months ago
Dec 16, 2024
|
Bought
500 K USD
|
Schuppenhauer Eric
EVP GBUL Borrow
|
+ 30599.81
|
16.34 USD |
|
2 months ago
Dec 12, 2024
|
Sell 833 K
USD
|
Ruzwana Bashir
Director
|
- 52000
|
16.0228 USD |
|
3 months ago
Dec 02, 2024
|
Sell 27.8 M
USD
|
SLTA IV (GP), L.L.C.
Director
|
- 1729713
|
16.06 USD |
|
2 months ago
Dec 03, 2024
|
Sell 81.8 M
USD
|
SLTA IV (GP), L.L.C.
Director
|
- 5142822
|
15.9 USD |
|
2 months ago
Dec 03, 2024
|
Sell 960 K
USD
|
SLTA IV (GP), L.L.C.
Director
|
- 60131
|
15.96 USD |
|
2 months ago
Dec 04, 2024
|
Sell 310 M
USD
|
SLTA IV (GP), L.L.C.
Director
|
- 19389745
|
16.011 USD |
|
3 months ago
Dec 02, 2024
|
Sell 463 K
USD
|
SLTA IV (GP), L.L.C.
Director
|
- 28840
|
16.06 USD |
|
2 months ago
Dec 03, 2024
|
Sell 1.36 M
USD
|
SLTA IV (GP), L.L.C.
Director
|
- 85748
|
15.9 USD |
|
2 months ago
Dec 03, 2024
|
Sell 16 K
USD
|
SLTA IV (GP), L.L.C.
Director
|
- 1003
|
15.96 USD |
|
2 months ago
Dec 04, 2024
|
Sell 5.18 M
USD
|
SLTA IV (GP), L.L.C.
Director
|
- 323290
|
16.011 USD |
|
2 months ago
Dec 04, 2024
|
Sell 1.16 M
USD
|
SLTA IV (GP), L.L.C.
Director
|
- 72042
|
16.13 USD |
|
3 months ago
Nov 20, 2024
|
Sell 140 K
USD
|
Keough Kelli
EVP, GBUL, SIPS
|
- 9590
|
14.5562 USD |
|
4 months ago
Oct 21, 2024
|
Sell 96.5 K
USD
|
Keough Kelli
EVP, GBUL, SIPS
|
- 9308
|
10.3629 USD |
|
5 months ago
Sep 23, 2024
|
Sell 74.3 K
USD
|
Keough Kelli
EVP, GBUL, SIPS
|
- 9308
|
7.987 USD |
|
5 months ago
Sep 20, 2024
|
Sell 553 K
USD
|
Rishel Jeremy
Chief Technology Officer
|
- 68081
|
8.12 USD |
|
6 months ago
Aug 22, 2024
|
Sell 181 K
USD
|
Keough Kelli
EVP, GBUL, SIPS
|
- 24939
|
7.2558 USD |
|
8 months ago
Jun 20, 2024
|
Sell 361 K
USD
|
Rishel Jeremy
Chief Technology Officer
|
- 56273
|
6.41 USD |
|
8 months ago
Jun 14, 2024
|
Bought
199 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 30715
|
6.4825 USD |
|
8 months ago
Jun 13, 2024
|
Sell 135 M
USD
|
Qatar Investment Authority
other: Director by deputization
|
- 19840073
|
6.78 USD |
|
9 months ago
May 24, 2024
|
Bought
200 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 28860
|
6.9214 USD |
|
9 months ago
May 23, 2024
|
Bought
200 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 28900
|
6.9181 USD |
|
10 months ago
May 03, 2024
|
Bought
199 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 28775
|
6.9 USD |
|
11 months ago
Mar 19, 2024
|
Sell 390 K
USD
|
Rishel Jeremy
Chief Technology Officer
|
- 56273
|
6.93 USD |
|
1 year ago
Dec 19, 2023
|
Sell 550 K
USD
|
Rishel Jeremy
Chief Technology Officer
|
- 56273
|
9.78 USD |
|
1 year ago
Nov 21, 2023
|
Bought
146 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 22500
|
6.5017 USD |
|
1 year ago
Nov 09, 2023
|
Bought
298 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 44000
|
6.7783 USD |
|
1 year ago
Nov 09, 2023
|
Bought
100 K USD
|
Lapointe Christopher
CFO and PAO
|
+ 14950
|
6.69 USD |
|
1 year ago
Nov 06, 2023
|
Sell 1.03 M
USD
|
Stafford Webb Lauren
Chief Marketing Officer
|
- 135832
|
7.5814 USD |
|
1 year ago
Nov 02, 2023
|
Sell 1.22 M
USD
|
Borton Chad M
President - SoFi Bank
|
- 152041
|
7.9925 USD |
|
1 year ago
Nov 03, 2023
|
Sell 1.74 M
USD
|
Webster Aaron
Chief Risk Officer
|
- 215299
|
8.0843 USD |
|
1 year ago
Sep 01, 2023
|
Sell 475 K
USD
|
Rishel Jeremy
Chief Technology Officer
|
- 53532
|
8.88 USD |
|
1 year ago
Jun 14, 2023
|
Sell 1.94 M
USD
|
Webster Aaron
Chief Risk Officer
|
- 200000
|
9.6906 USD |
|
1 year ago
Jun 16, 2023
|
Sell 785 K
USD
|
Borton Chad M
President - SoFi Bank
|
- 90458
|
8.6779 USD |
|
1 year ago
Jun 15, 2023
|
Sell 929 K
USD
|
Stafford Webb Lauren
Chief Marketing Officer
|
- 100000
|
9.288 USD |
|
1 year ago
May 15, 2023
|
Bought
505 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 108000
|
4.6732 USD |
|
1 year ago
May 09, 2023
|
Sell 1.09 M
USD
|
Rishel Jeremy
Chief Technology Officer
|
- 200000
|
5.4656 USD |
|
1 year ago
May 05, 2023
|
Bought
99.8 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 19833.4828
|
5.03 USD |
|
2 years ago
Sep 12, 2022
|
Bought
9.5 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 1500
|
6.33 USD |
|
2 years ago
Jun 15, 2022
|
Bought
17.8 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 3000
|
5.94 USD |
|
2 years ago
May 27, 2022
|
Bought
22.4 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 3000
|
7.48 USD |
|
3 years ago
Mar 04, 2022
|
Bought
40 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 3925.6097
|
10.19 USD |
|
3 years ago
Aug 23, 2021
|
Bought
1.42 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 100
|
14.23 USD |
|
3 years ago
Aug 20, 2021
|
Bought
14 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 1000
|
14.05 USD |
|
3 years ago
Aug 19, 2021
|
Bought
5.6 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 400
|
13.99 USD |
|
3 years ago
Aug 18, 2021
|
Bought
6.98 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 500
|
13.97 USD |
|
1 year ago
May 05, 2023
|
Bought
154 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 30000
|
5.1171 USD |
|
1 year ago
May 04, 2023
|
Bought
237 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 50000
|
4.7341 USD |
|
1 year ago
Mar 16, 2023
|
Bought
243 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 45000
|
5.3936 USD |
|
1 year ago
Mar 08, 2023
|
Sell 523 K
USD
|
Rishel Jeremy
Chief Technology Officer
|
- 81000
|
6.4602 USD |
|
1 year ago
Mar 10, 2023
|
Bought
995 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 180000
|
5.5283 USD |
|
2 years ago
Feb 02, 2023
|
Sell 1.61 M
USD
|
Lavet Robert S
General Counsel
|
- 200000
|
8.062 USD |
|
2 years ago
Dec 16, 2022
|
Bought
1.38 M USD
|
Noto Anthony
Chief Executive Officer
|
+ 300000
|
4.5934 USD |
|
2 years ago
Dec 15, 2022
|
Bought
1.03 M USD
|
Noto Anthony
Chief Executive Officer
|
+ 225000
|
4.5921 USD |
|
2 years ago
Dec 13, 2022
|
Bought
1.46 M USD
|
Noto Anthony
Chief Executive Officer
|
+ 318965
|
4.5833 USD |
|
2 years ago
Dec 12, 2022
|
Bought
569 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 132600
|
4.2934 USD |
|
2 years ago
Dec 09, 2022
|
Bought
2.98 M USD
|
Noto Anthony
Chief Executive Officer
|
+ 682500
|
4.3634 USD |
|
2 years ago
Aug 05, 2022
|
Sell 43 M
USD
|
Delaware Project 10 L.L.C.
director:
|
- 5381785
|
7.99 USD |
|
2 years ago
Aug 05, 2022
|
Sell 43 M
USD
|
SOFTBANK GROUP CORP
10 percent owner
|
- 5381785
|
7.99 USD |
|
2 years ago
Aug 08, 2022
|
Sell 54.6 M
USD
|
SOFTBANK GROUP CORP
10 percent owner
|
- 6683133
|
8.17 USD |
|
2 years ago
Aug 05, 2022
|
Sell 54.6 M
USD
|
Delaware Project 10 L.L.C.
director:
|
- 6683133
|
8.17 USD |
|
2 years ago
Jun 14, 2022
|
Sell 274 K
USD
|
Gill Michelle
Executive Vice President
|
- 50000
|
5.48 USD |
|
2 years ago
Jun 16, 2022
|
Bought
299 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 53540
|
5.5841 USD |
|
2 years ago
Jun 13, 2022
|
Bought
299 K USD
|
SCHWARTZ HARVEY M
director:
|
+ 53500
|
5.59 USD |
|
2 years ago
Jun 13, 2022
|
Bought
250 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 46500
|
5.3664 USD |
|
2 years ago
Jun 10, 2022
|
Bought
200 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 33455
|
5.979 USD |
|
2 years ago
Jun 09, 2022
|
Bought
300 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 47625
|
6.2975 USD |
|
2 years ago
Jun 08, 2022
|
Bought
112 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 16907
|
6.6491 USD |
|
2 years ago
Jun 06, 2022
|
Bought
150 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 21750
|
6.8975 USD |
|
2 years ago
Jun 01, 2022
|
Bought
150 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 21215
|
7.0713 USD |
|
2 years ago
May 24, 2022
|
Bought
249 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 37056
|
6.7203 USD |
|
2 years ago
May 20, 2022
|
Bought
198 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 27000
|
7.3181 USD |
|
2 years ago
May 19, 2022
|
Bought
105 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 13500
|
7.7884 USD |
|
2 years ago
May 13, 2022
|
Bought
97.5 K USD
|
SCHWARTZ HARVEY M
director:
|
+ 15000
|
6.5 USD |
|
2 years ago
May 13, 2022
|
Bought
254 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 39000
|
6.5 USD |
|
2 years ago
Mar 16, 2022
|
Sell 40 K
USD
|
Heavener Micah
Head of Operations
|
- 5000
|
8.0092 USD |
|
2 years ago
Mar 17, 2022
|
Bought
513 K USD
|
SCHWARTZ HARVEY M
director:
|
+ 58000
|
8.8376 USD |
|
2 years ago
Mar 14, 2022
|
Bought
39.9 K USD
|
Heavener Micah
Head of Operations
|
+ 5000
|
7.9899 USD |
|
3 years ago
Mar 16, 2021
|
Bought
84 K USD
|
Al-Hammadi Ahmed Ali
Director
|
+ 10000
|
8.4 USD |
|
2 years ago
Mar 15, 2022
|
Bought
303 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 34000
|
8.912 USD |
|
2 years ago
Mar 16, 2022
|
Bought
150 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 17375
|
8.6215 USD |
|
2 years ago
Mar 14, 2022
|
Bought
149 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 19042
|
7.8473 USD |
|
2 years ago
Mar 14, 2022
|
Bought
39.9 K USD
|
Heavener Micah
Head of Operations
|
+ 5000
|
7.9899 USD |
|
2 years ago
Mar 11, 2022
|
Bought
149 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 16704
|
8.9467 USD |
|
2 years ago
Mar 10, 2022
|
Bought
150 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 15873
|
9.4424 USD |
|
2 years ago
Mar 07, 2022
|
Bought
149 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 15350
|
9.7264 USD |
|
3 years ago
Mar 04, 2022
|
Bought
149 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 15000
|
9.9639 USD |
|
3 years ago
Jan 20, 2022
|
Sell 30 K
USD
|
Heavener Micah
Head of Operations
|
- 2000
|
15 USD |
|
3 years ago
Dec 10, 2021
|
Bought
14.9 K USD
|
Webster Aaron
Chief Risk Officer
|
+ 1000
|
14.9 USD |
|
3 years ago
Nov 29, 2021
|
Sell 1.92 M
USD
|
HUTTON GEORGE THOMPSON
Director
|
- 103462
|
18.5155 USD |
|
3 years ago
Nov 30, 2021
|
Sell 311 K
USD
|
HUTTON GEORGE THOMPSON
Director
|
- 16800
|
18.5014 USD |
|
3 years ago
Nov 18, 2021
|
Sell 101 M
USD
|
Qatar Investment Authority
Director
|
- 4687985
|
21.6 USD |
|
3 years ago
Nov 18, 2021
|
Sell 156 M
USD
|
SLTA IV (GP), L.L.C.
Director
|
- 7240653
|
21.6 USD |
|
3 years ago
Nov 18, 2021
|
Sell 2.61 M
USD
|
SLTA IV (GP), L.L.C.
Director
|
- 120725
|
21.6 USD |
|
3 years ago
Nov 18, 2021
|
Sell 486 M
USD
|
SOFTBANK GROUP CORP
director, 10 percent owner:
|
- 22514038
|
21.6 USD |
|
3 years ago
Nov 18, 2021
|
Sell 218 M
USD
|
Wilkes Thomas Clayton
Vice Chairman - Galileo
|
- 10076668
|
21.6 USD |
|
3 years ago
Sep 13, 2021
|
Sell 17 M
USD
|
Wilkes Thomas Clayton
Vice Chairman - Galileo
|
- 1119413
|
15.16 USD |
|
3 years ago
Sep 07, 2021
|
Sell 100 K
USD
|
Heavener Micah
Head of Operations
|
- 6250
|
16 USD |
|
3 years ago
Aug 26, 2021
|
Bought
102 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 7150
|
14.3063 USD |
|
3 years ago
Aug 24, 2021
|
Sell 297 K
USD
|
Heavener Micah
Head of Operations
|
- 20000
|
14.83 USD |
|
3 years ago
Aug 25, 2021
|
Sell 74.8 K
USD
|
Heavener Micah
Head of Operations
|
- 5000
|
14.97 USD |
|
3 years ago
Aug 23, 2021
|
Bought
14.3 K USD
|
Webster Aaron
Chief Risk Officer
|
+ 1000
|
14.34 USD |
|
3 years ago
Aug 19, 2021
|
Bought
99.6 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 7150
|
13.9325 USD |
|
3 years ago
Aug 19, 2021
|
Bought
49.1 K USD
|
Lapointe Christopher
Chief Financial Officer
|
+ 3500
|
14.02 USD |
|
3 years ago
Aug 18, 2021
|
Bought
103 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 7150
|
14.4646 USD |
|
3 years ago
Aug 17, 2021
|
Bought
98.5 K USD
|
Noto Anthony
Chief Executive Officer
|
+ 7150
|
13.7811 USD |
7. News
SYF or SOFI: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the Financial - Miscellaneous Services sector have probably already heard of Synchrony (SYF) and SoFi Technologies, Inc. (SOFI). But which of these two companies is the best option for those looking for undervalued stocks?
zacks.com
- 1 week ago
SoFi Stock Rallying Strong in the Last 5 Days—What's Driving It?
After a massive 200% rally from August through January, SoFi Technologies Inc. NASDAQ: SOFI looked unstoppable. That momentum carried the fintech stock to a multi-year high at the end of January, supported by a streak of strong earnings reports.
marketbeat.com
- 1 week ago
SoFi Technologies Stock: This Pullback Offers Investors A Great Opportunity
SoFi Technologies, Inc. demonstrated strong growth, with Q4 2024 revenue up 19.3% year-over-year, and it expects continued growth in 2025. The company reached 10.13 million members and 14.75 million products in Q4 2024, driven by Financial Services Products. Net profits surged from $24.6 million to $332.5 million, with management anticipating further revenue and profit increases in 2025.
seekingalpha.com
- 1 week ago
The market can grow without tech, if fundamentals stay intact, says SoFi's Liz Young
SoFi's Liz Young-Thomas and Merrill's Chris Hyzy, join 'Closing Bell' to discuss markets, the tech trade and navigating the market rotation.
youtube.com
- 1 week ago
Big News for SoFi Stock Investors
In this video, I will cover the recent updates regarding SoFi Technologies (SOFI 6.71%). Watch the short video to learn more, consider subscribing, and click the special offer link below.
fool.com
- 1 week ago
3 Breakout Growth Stocks You Can Buy and Hold for the Next Decade
The tech sector is home to some of the market's hottest growth stocks. But not all that glitters is gold, and chasing the herd can often result in painful long-term losses.
fool.com
- 2 weeks ago
SoFi Technologies (SOFI) Price Prediction and Forecast 2025-2030 for February 14
Shares of SoFi Technologies (NASDAQ: SOFI) popped 6.71% on Friday, punctuating a strong month that has seen the stock rise 11.79%.
247wallst.com
- 2 weeks ago
Ready to Invest $10K—But is AppLovin or SOFI the Better Buy?
For a lot of people, investing means passive income.
247wallst.com
- 2 weeks ago
If You Have $500,000 Saved It Can Start Making You Real Extra Money
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. When you are at the start of your financial journey, you have to make money without getting much help from compounded returns. However, people who amass large savings can get a lot of help from solid returns. If you have an extra $500,000, you have plenty of options for where to put your money. You can store it in a high-yield savings account to minimize risk and get steady returns. However, you can also put the funds in stocks, crypto, bonds, and other assets. Wondering how much your cash can grow? Here’s what can happen to your money if you allocate $500,000 into assets. Key Points You can make a lot of extra money with $500k. Discover how savings accounts, stocks, bonds, and crypto can move you closer to your goals. Earn up to 3.8% on your money today (and get a cash bonus); click here to see how . (Sponsored) Annualized Returns For this analysis, we will look at high-yield savings accounts, stocks, crypto, and bonds. You can find a high-yield savings account with a 4.00% APY, but the returns for the other assets vary. While some stocks can comfortably outperform the market, others can get left behind. For this analysis, we will look at the annualized returns for the S&P 500, Bitcoin, and the Vanguard total bond market over the past five years. Here’s the types of returns you can get with $500,000. Asset Annualized Return over 5 years Return on $500,000 After 1 Year High-yield savings account 4.00% +$20,000 Stocks 14.31% +$71,550 Bonds -0.52% -$2,600 Crypto 63.5% +$317,500 Bitcoin has been the best asset over the past five years. Its 5-year annualized return of 63.5% significantly outperforms the other assets. High yield savings accounts have done better than bonds during this stretch but lag the S&P 500. The Pros and Cons of a High-Yield Savings Account The main advantage with a high-yield savings account is that these accounts pose no risk. Your funds are safe in these accounts and aren’t subject to any price fluctuations. Furthermore, the interest automatically accumulates. However, a high-yield savings account may underperform inflation, especially since interest is treated as ordinary income. Furthermore, these accounts can underperform most assets during bull markets. The Pros and Cons of the Stock Market The stock market gives investors many options and is highly liquid. These investments can outperform a high-yield savings account, and some of them also provide dividends. However, stocks fluctuate sharply and can result in significant losses if you aren’t careful. The Pros and Cons of Bonds Bonds are similar to high-yield savings accounts. These financial instruments let you collect interest, but you have to hold them until maturity to ensure that you don’t lose money. Granted, it is possible that a bond’s value goes up. You can make more money with corporate bonds, but some bond issuers default, resulting in their investors underperforming the market. Bonds can also significant underperform other assets during bullish market cycles. The Pros and Cons of Crypto Cryptocurrencies can significantly outperform the other assets during bull markets. The limited supply of Bitcoin and rising demand make it appealing for some investors. However, cryptocurrencies are speculative, high-risk investments that can quickly wipe out value. These assets also trade 24/7 which is either an advantage or a disadvantage, depending on how you look at it. Extra volatility may not give you a break over the weekend like you’ll get if you buy stocks. Minimize Risk While Earning Cash You don’t have to take big risks to reach your financial goals, especially if you have already built up to $500,000. A high-yield savings account can be a great resource that advances you toward your long-term goals. Comparing options can help you find a great savings account for your needs, but the SoFi high-yield savings account is a great starting point.The post If You Have $500,000 Saved It Can Start Making You Real Extra Money appeared first on 24/7 Wall St..
https://247wallst.com
- 2 weeks ago
Prediction: 2 Stocks That'll Be Worth More Than Bank of America 10-15 Years From Now
Bank of America is one of the largest banks in the United States and has a market capitalization of about $350 billion, as of early 2025. There are few other financial stocks that have achieved this level of valuation.
fool.com
- 2 weeks ago
Dave Ramsey Understands That Millionaires Make Their Money Work for Them. Here’s One Way.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Personal finance guru Dave Ramsey famously became a millionaire before he turned 30 by investing in real estate, taking on large debts in the process. He then lost it all when his banker called in a loan, and ruined him. But Ramsey pulled himself out of debt, built a new business empire based in media, and today is reportedly worth more than $200 million. I tell you all this for two reasons: First, because everyone loves a good rags-to-riches-to-rags… to riches again story. And second, because I think it’s safe to say that if anyone knows how to become a millionaire, it’s probably a guy like Ramsey, who has done it himself not once, but twice. 24/7 Wall St. Key Points: Dave Ramsey urges his listeners to live below their means to accumulate spare cash. Once saved, cash can be invested in real estate, stocks, bonds, or even just a bank account to grow over time. Opening or adding to a simple bank account is the easiest way to get started making your money work for you. Earn up to 3.8% on your money today (and get a cash bonus). Click here to see how. (Sponsored) Make your money work for you And what does Ramsey have to say about how millionaires make their money, and what they do with it once they’ve got it? In a nutshell, he says that millionaires make their money work for them. But what does this mean, exactly? How do you “make your money work for you”? Well the first step is to get some, money to work with. And for that you must “live below your means,” which simply means spending less money than you earn, so that there’s some money left over to (say it with me now) “work for you.” Once that’s accomplished, the money must be placed somewhere that the magic of compound interest can help it to grow over time. That might be in real estate, which can generate income (from apartment rent, for example), and tends to appreciate in value about 3% to 5% annually over time (but incurs property taxes and maintenance expense). It might be in the stock market, which tends to grow about 10% annually over time (but is subject to occasional stock market crashes, as well as sometimes long periods of flat or modestly negative growth). It might be in the bond market, which has its own quirks and can take some time to understand (different bonds pay different interest rates, for example, and when interest rates go up, the value of any bonds you already own go down). So you see, while there are multiple ways to make money “work for you,” each comes with caveats. The simplest way, of course, to put the power of compound interest to work for you is by opening a bank account. After all, when most of us think of “interest,” we’re probably thinking of the interest that a bank pays you on your checking or savings account. Make your money work harder for you That being said, not all bank accounts are created equal. According to Bankrate.com, the average bank savings account in the U.S. right now pays about 0.6% annual interest. That’s tiny. Even left untouched and allowed to compound for 10 years straight, a bank account paying 0.6% will grow to only $106.17 over 10 years. (And some banks pay even less). The good news is that there’s no reason to settle for “average,” much less below average. A few minutes’ research on the web are all it takes to discover multiple brand-name banks paying 3.8% or more on high-yield savings accounts. And despite what you might fear, these are perfectly ordinary bank accounts, FDIC-insured, with big banking brands behind them. Oh, and an interest rate of 4%, saved over 10 years, will turn $100 into more than $145. Granted, banks usually can only pay above-average rates when they don’t have as many (or any) physical branches to maintain, as do retail banking chains like Chase or Bank of America. But when’s the last time you set foot within an actual bank branch? And even if you do need to visit a branch from time to time, there’s nothing stopping you from maintaining two bank accounts. You might bank with Chase for convenience, for example, and keep a small sum there earning that bank’s 0.01% interest rate, while growing most of your cash faster at a SoFi high yield savings account paying 3.8%. Even if you’re not a millionaire (yet), there’s no reason not to grow your money as fast as possible, as safely as possible, while you wait. The post Dave Ramsey Understands That Millionaires Make Their Money Work for Them. Here’s One Way. appeared first on 24/7 Wall St..
https://247wallst.com
- 2 weeks ago
SoFi Technologies' Stock Remains Dirt Cheap
SoFi Technologies, Inc.'s strong fundamentals and favorable market trends support a 72% upside potential, targeting a $25 share price. The company consistently delivers strong earnings, with 20%+ Y/Y revenue growth and significant EPS improvement, driven by a growing member base and product portfolio. SOFI's strategic focus on product innovation, partnerships, and becoming a One-Stop Shop for financial services positions it well for future growth.
seekingalpha.com
- 2 weeks ago
8. Profile
Summary
SoFi Technologies, Inc. SOFI
COUNTRY
US
INDUSTRY
Financial - Credit Services
MARKET CAP
$ 15.7 B
Dividend Yield
0.00%
Description
SoFi Technologies, Inc. provides digital financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company's lending and financial services and products allows its members to borrow, save, spend, invest, and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans. The company also provides cash management, investment, and technology services. In addition, it operates Galileo, a technology platform that offers services to financial and non-financial institutions; and Apex, a technology enabled platform that provides investment custody and clearing brokerage services, as well as Technisys, a cloud-based digital multi-product core banking platform. The company was founded in 2011 and is headquartered in San Francisco, California.
Contact
234 1st Street, San Francisco, CA, 94105
https://www.sofi.com
IPO
Date
Jan. 4, 2021
Employees
4400
Officers
Mr. William F. Tanona C.F.A.
Senior Vice President of Corporate Development & Strategic Partnerships
Ms. Anna Avalos
Chief People Officer
Ms. Lauren Stafford Webb
Chief Marketing Officer
Mr. Stephen Simcock
General Counsel
Ms. Diane Tucker
Senior Vice President of Global Operations
Mr. Christopher Lapointe
Chief Financial Officer
Paulina Gutierrez
Investor Relations
Mr. Anthony J. Noto
Chief Executive Officer & Director
Mr. George Thompson Hutton
Independent Non Executive Chairman
Mr. Derek Jensen White
Chief Executive Officer of Galileo Financial Technologies & Head of SoFi International