What Can SoFi Investors Expect Now That the Fintech Owns a Bank?

InvestorPlace2022-01-21

While broader markets sunk to correction levels this week,SoFi Technologies(NASDAQ:SOFI) stock is up 24.4% in the past two days on news that regulators approved its bank acquisition.The company agreed...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

TT75
2022-01-21
TT75
Anyone?

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/1120805536?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2022-01-21 19:43","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1120805536","market":"us","top_or_hot":-1,"title":"What Can SoFi Investors Expect Now That the Fintech Owns a Bank?","media":"InvestorPlace","content":"<div>\n<p>While broader markets sunk to correction levels this week,SoFi Technologies(NASDAQ:SOFI) stock is up 24.4% in the past two days on news that regulators approved its bank acquisition.The company agreed...</p>\n\n<a href=\"https://investorplace.com/2022/01/what-can-sofi-investors-expect-now-that-the-fintech-owns-a-bank/\">网页链接</a>\n\n</div>\n","source":"lsy1606302653667","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Can SoFi Investors Expect Now That the Fintech Owns a Bank?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Can SoFi Investors Expect Now That the Fintech Owns a Bank?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-21 19:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/01/what-can-sofi-investors-expect-now-that-the-fintech-owns-a-bank/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While broader markets sunk to correction levels this week,SoFi Technologies(NASDAQ:SOFI) stock is up 24.4% in the past two days on news that regulators approved its bank acquisition.The company agreed...</p>\n\n<a href=\"https://investorplace.com/2022/01/what-can-sofi-investors-expect-now-that-the-fintech-owns-a-bank/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SOFI","symbol_name":"SoFi Technologies Inc.","start_time":0,"source_url":"https://investorplace.com/2022/01/what-can-sofi-investors-expect-now-that-the-fintech-owns-a-bank/","article_id":"1120805536","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1120805536","pubTimestamp":1642765434,"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Regulators may have bought in CEO's vision, but bigger losses loom as the SOFI stock story is still one of vision and potential","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"translate_title":"既然Fintech拥有一家银行，SoFi投资者还能期待什么？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOFI":0.9},"content_text":"While broader markets sunk to correction levels this week,SoFi Technologies(NASDAQ:SOFI) stock is up 24.4% in the past two days on news that regulators approved its bank acquisition.The company agreed to buy a small Sacramento lender,Golden Pacific, last year. Once the deal closes it will be run as SoFi Bank. The purchase will allow the fintech to cut out the banking middlemen the company must now use. This will give it more revenue on each transaction and, according to CEO Anthony Noto, the opportunity to offer better deals on deposits and loans.But this week’s surge shouldn’t be seen as a profit by investors. Before the news, SoFi stock was down 14% in the new year. Even after the last two days, the shares are still trading at 33% below where they were a year ago. My own investment in SoFi remains underwater, a loss of about $700 on 200 shares.A Fan FavoriteAnalysts like me have continued to pound the table for SoFi despite the stock’s poor performance.They point to a massive growth in customer accounts, a broad product offering including checking, brokerage and loans, and to Galileo, which lets other banks become fintechs through its application program interfaces (APIs). I have written that Galileo makes SoFi a banking version of Twilio(NYSE:TWLO). It makes banking services as easy to add as Twilio’s voice APIs make communications.Stories like this have sent SoFi stock flying during periods of optimism, like May and October last year. But they didn’t help the company get through June and December when pessimism reigned.No Profit for the SeerThere are two problems for SoFi bulls. The valuation is high relative to revenues and there aren’t yet profits.For the September quarter, SoFi said it lost almost $30 million, or 5 cents per share, on revenue of $272 million. A bigger loss,as much as 17 cents per share, is expected when it next reports earnings Feb. 9. Revenue is expected to be $291.5 million.That means investors on Jan. 19 were buying $900 million in money-losing revenue for market cap of almost $11 billion. When growth goes out of fashion, as it has recently, that’s not a good deal. It’s a banking version of Cloudflare(NYSE:NET), the cloud security outfit whose shares have lost more than half their value since November.Tomorrow Belongs to NotoSoFi has an outsized reputation because of CEO Noto, who was once chief financial officer of the National Football League, then of Twitter(NYSE:TWTR). He engineered the naming rights deal for the new Los Angeles stadium used by the Los Angeles Rams and LA Chargers. He also directed the SOFI stock IPO in a SPAC deal with Chamath Palihapitiya that closed last May.A close look at SoFi’s quarterly numbers shows it still not matching up to Noto’s vision. More than half its revenue, $142 million, still came from loan origination fees. About 60% of its loan portfolio at the end of the period consisted of personal loans. Most of the rest came from its original niche, student loans. While home lending grew 75%, it still represented just 2% of the portfolio.The Bottom LineThe SoFi story is still one of vision and potential.You won’t find an argument for buying SOFI stock in its quarterly financial reports. You’ll find it in its broad lines of business,including cryptocurrency trades.You’ll find it in its ambitions to do both wholesale and retail business. You’ll find it in its vision to disrupt both the banking and brokerage businesses, putting both into the phones of consumers at a cloud-based price.If you buy the vision, you’re buying new shares of SoFi on weakness. Despite its gains this week, it’s still weak. If you believe in it, get on board.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":630833076,"gmtCreate":1642767022898,"gmtModify":1642767240915,"author":{"id":"3575366246928299","authorId":"3575366246928299","name":"TT75","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Anyone?","listText":"Anyone?","text":"Anyone?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/630833076","repostId":1120805536,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":11,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.25.1","shortVersion":"4.25.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1120805536"}