What Caught Our Attention in the Investment World? – Week of August 1-5, 2022

By Kuldip K. Ambastha

On Wednesday, August 3, 2022, the stock price of SoFi Technologies, Inc. (SOFI), an American online personal finance company, rose by a sharp +28.4% per share for the trading day. (See past coverage if needed: “What Caught Our Attention in the Investment World? – Week of October 11-15, 2021; By Kuldip K. Ambastha.”) Net revenues were impressive for the latest quarter, and SoFi obtained over 450,000 new members on its fintech platform. Member deposits stand at $2.7 billion, and these dollars serve as a stable source of funding for SoFi’s loan business unit. Because of these developments, SoFi leadership sees a much improved full-year earnings outlook in the near future.

Keywords – SoFi Technologies, Inc., SoFi Technologies, SoFi, SOFI, World Wide Web, WWW, Internet, online, personal, finance, technology, tech, fintech, loans, revenues, earnings, members, deposits.

Disclosure – The principals of Ambastha Financial LLC have a long equity and a short option position in SOFI. The clients of Ambastha Financial LLC have no positions in SOFI.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2022 – Ambastha Financial LLC.




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