Future of Finance: SOFI is the Key ?
@JC888:
$SoFi Technologies Inc.(SOFI)$ was a standout in 2023, gaining +116%. In 2024, that has all gone downhill, with shares fallen -25% YTD. What changed? In January 2024, SoFi posted a fabulous Q4 2023 report that seems to have set off the decline. Is this a company to steer clear of? Or is this a big buying opportunity hidden in plain sight? Q4 2023 report SoFi reported excellent Q4 results with continued growth and newfound profitability. Revenue: was $594 million, that was +35% gain YoY. Net income: was $47.91 million, that was +219.76% gain YoY. Earnings per share (EPS): was $0.03, that was +160% gain YoY. An even “brighter” note was its continual increases in accounts and products. SoFi added +585,000 new accounts, a +44% increase YoY. (see above