$SoFi Technologies Inc.(SOFI)$ SOFI went from an outcast to a market darling in 2 weeks.
Here is what I expect from earnings:
1) I expect they’ll reduce the fair value of the loans in portfolio, sell the new loand issued at higher rates and keep their best performing loans.
2) Net charge off will increase but as Noto said, it’ll be well within the tolerance levels. You shouldn’t panic sell when you see it.
3) Net deposits grew $3 billion in the last quarter. I expect to see at least $2.5 billion net deposit growth.
4) Net interest margin should keep expanding as net deposits grow. Above 6% will be very positive.
5) Fintech accounted for 42% of the revenue last quarter. I want this to increase.
If we get these points, $SOFI can anchor above $8.
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