SOFI TECHNOLOGIES, INC.

(SOFI)
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SoFi shares bounce after winning bank approval

01/18/2022 | 06:34pm EDT

SYDNEY (Reuters) - Softbank-backed U.S. online lender SoFi Technologies Inc said on Tuesday it received regulatory approvals to become a national bank, lifting its shares from a one-year low.

The company said in a statement the Office of the Comptroller of the Currency and the Federal Reserve approved its application to operate as a bank and it expects to do so next month.

In after-market trade shares leapt about 19% to $14.40 from a closing price of $12.06, which was a more than one-year low.

(Reporting by Tom Westbrook; Editing by Chris Reese)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ON SEMICONDUCTOR CORPORATION -2.18% 55.21 Delayed Quote.-16.87%
SOFI TECHNOLOGIES, INC. -3.87% 7.1984 Delayed Quote.-52.62%
SOFTBANK GROUP CORP. 0.84% 5276 Delayed Quote.-3.72%
All news about SOFI TECHNOLOGIES, INC.
09:42a24/7 MARKET NEWS : 24/7 Market News weekly Welcome back
AQ
03:41a24/7 MARKET NEWS : 24/7 Market News weekly Wrap-up
AQ
05/20TOPNEWSGUIDE : Fintech Resurgence Gains Momentum in May (SRCO, SQ, BTRS, SOFI, LC, IMXI)
AQ
05/19INSIDER BUY : Sofi Technologies
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05/17Mizuho Securities Adjusts Price Target for SoFi Technologies to $9 From $14, Maintains ..
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05/16Sofi Technologies Shares Rise After Piper Sandler Upgrade
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05/16SOCIAL BUZZ : Wallstreetbets Stocks Largely Down Premarket; Twitter Poised to Fall, SoFi T..
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05/16Piper Sandler Upgrades SoFi Technologies to Overweight From Neutral, Adjusts Price Targ..
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05/13INSIDER BUY : Sofi Technologies
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Financials (USD)
Sales 2022 1 489 M - -
Net income 2022 -380 M - -
Net Debt 2022 320 M - -
P/E ratio 2022 -17,2x
Yield 2022 -
Capitalization 6 860 M 6 860 M -
EV / Sales 2022 4,82x
EV / Sales 2023 3,36x
Nbr of Employees 2 500
Free-Float 78,9%
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 7,49 $
Average target price 11,12 $
Spread / Average Target 48,4%
EPS Revisions
Managers and Directors
Anthony J. Noto Chief Executive Officer & Director
Christopher Lapointe Chief Financial Officer
Micah Heavener Head-Operations
Clay Wilkes Director
Steven Jay Freiberg Vice Chairman
Sector and Competitors