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SoFi Technologies Inc Ordinary Shares SOFI Stock Quote

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Morningstar‘s Stock Analysis SOFI

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Is it the right time to buy or sell?

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Economic Moat


Capital Allocation


Impressive Net Interest Income and Personal Loan Growth Drive a Solid Q2 for SoFi

Michael Miller Equity Analyst

Analyst Note

| Michael Miller |

No-moat-rated SoFi technologies reported solid second-quarter earnings as weak student loan origination was offset by personal loans and deposit growth that came in well above our expectations. SoFi’s net revenue grew 57% year over year and 9.7% from last quarter to $362.5 million. As we incorporate these results, we do not expect to materially alter our $15 fair value estimate for SoFi.

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Key Statistics SOFI

Company Profile SOFI

Business Description

SoFi is a financial services company that was founded in 2011 and is currently based in San Francisco. Initially known for its student loan refinancing business, the company has expanded its product offerings to include personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning. The company intends to be a one-stop shop for its clients' finances and operates solely through its mobile app and website. Through its acquisition of Galileo in 2020 the company also offers payment and account services for debit cards and digital banking.

234 1st Street
San Francisco, CA, 94105
T +1 855 456-7634
Industry Credit Services
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 2,500

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