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 3.19% 56.24 Delayed Quote.-19.76%
SOFI TECHNOLOGIES, INC. 4.32% 7.01 Delayed Quote.-57.50%
SOFTBANK GROUP CORP. 0.00% 5102 Delayed Quote.-4.47%
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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 -16,1x
Yield 2022 -
Capitalization 6 420 M 6 420 M -
EV / Sales 2022 4,53x
EV / Sales 2023 3,16x
Nbr of Employees 2 500
Free-Float 78,9%
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SoFi Technologies, Inc. Technical Analysis Chart | SOFI | US83406F1021 | MarketScreener
Technical analysis trends SOFI TECHNOLOGIES, INC.
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Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 7,01 $
Average target price 11,12 $
Spread / Average Target 58,6%
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