SoFi Technologies and Affirm Holdings stocks fell 4% and 5% respectively due to a global bond selloff pushing long-term Treasury yields to one-year highs, which increases funding costs and pressures loan valuations for lenders. SoFi's diversified loan portfolio and new stablecoin exposure add complexity to its rate sensitivity, while Affirm's short-duration consumer credit book reacts more sharply to rate changes. In contrast, Robinhood's transaction-fee brokerage model is less affected by rising yields, resulting in only a minor stock decline. Investors should consider the differing rate sensitivities and leverage of these fintech firms when adjusting their positions amid fluctuating interest rates.
SoFi Technologies beat Q2 earnings expectations but saw its stock drop about 9%. The company raised its 2024 revenue guidance to $4.75–$4.85 billion while maintaining profit targets, choosing to reinvest additional revenue into growth initiatives. Fe...
Kathleen Pierce-Gilmore, newly appointed president of SoFi Technology Solutions, is steering the company to become the "AWS of financial solutions" by offering modular fintech infrastructure tailored to diverse client needs. SoFi provides banking, pa...
