Here’s Why SoFi Stock Plunged More Than 15% After its Latest Earnings

SoFi (SOFI) reported tremendous revenue, membership, and deposit growth in the first quarter. However, there were a few things investors don’t seem very happy with, as I discuss in this short video.
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[@georgesand6958]

Thank you. I really appreciate the lack of hype, & just a good share of knowledge.

[@thephotochad]

Good info; thank you, Finance Chad

[@AndresMartinez-zo5lk]

Thank you for not trying to sell it as some do especially if they invested into a company. The facts seem to be very similar to other analysis for covering sori. Its still relatively new company and some companies start strong then go downhill so investors are worry and rather stick to big companies like bac and ally and others with better foundation. I am still deciding and will see if the downtrends continue

[@MattFrankelCFP]

Thanks for the note! It's important to be able to acknowledge a so-so quarter. My feeling is that SoFi will deliver mediocre 2024 results, and will really shine once rates start to fall and economic uncertainty starts to subside. It'll have a high-yielding loan portfolio and a deposit base that is decreasing in cost.