NASDAQ:SOFI - Nasdaq - US83406F1021 - Common Stock - Currency: USD
Discover the most active stocks in Monday's session. Stay informed about the stocks that are generating the most trading volume!
Mentions: SMMT
SoFi’s diversified business model, growing member base, and focus on high-margin, low-risk revenue streams position it well for continued growth.
President Donald Trump’s signature tax legislation is poised to benefit companies offering private student loans, including SoFi Technologies Inc., with the bill limiting how much students and their parents can borrow for college from the government.
One area with massive potential for SoFi is cross-selling products to its existing member base. To say that there's a lot to like about SoFi (NASDAQ: SOFI) would be a massive understatement. Just to name a few things, member growth is accelerating and the addition of 800,000 new members to the ecosystem in the first quarter is a single-quarter record for SoFi.
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Investors may also be getting ahead of interest rate cuts, which can benefit SoFi. Shares of the digital bank and fintech company SoFi (NASDAQ: SOFI) traded roughly 8.6% higher, as of 1:26 p.m. ET today, hitting a new 52-week high earlier in the day of $18.92. Last week, SoFi announced in a press release that it will offer new crypto initiatives on its platform.
The bank will also use blockchain to facilitate cross-border money transfers. After a nearly two-year hiatus from the cryptocurrency industry, banking and finance app SoFi (NASDAQ: SOFI) recently announced that it will be getting back into the crypto market, and in an even bigger way than before. First, it reported the return of crypto trading to its app -- a service it had offered until late 2023.
Investors who are concerned about the valuation should think about SoFi’s earnings trajectory. Should investors add SoFi to their portfolios at these levels? With that in mind, SoFi has prioritized constantly innovating.
JPMorgan Chase is the largest bank by market capitalization in the United States. Capital One has grown impressively, and has superior margins and some big potential catalysts. JPMorgan Chase (NYSE: JPM) is a massive financial institution with more assets than any other U.S. bank and an $804 billion market cap.
The move comes as the CEO shared plans to re-enter the crypto business under the Trump administration after having exiting digital asset services in 2023.
The online bank recently raised its revenue guidance for 2025. The share price of SoFi Technologies (NASDAQ: SOFI), an online bank and leading financial technology (fintech) company, has more than doubled over the past year. The San Francisco-based company has done a great job of expanding its services to appeal to a wider consumer base, which in turn has pushed sales and earnings -- along with SoFi's stock price -- higher.