SoFi posted $1.013 billion in quarterly revenue, up 37% year-over-year, driven by a 61% increase in Financial Services and Tech Platform revenues totaling $579 million. Fee-based revenue grew 50% to $443 million, indicating a strategic shift toward capital-light growth and less reliance on the balance sheet. Personal loan charge-offs slightly increased to 2.80%, but strong FICO scores (744–749) show continued prime borrower quality. Loan sales doubled to $12.8 billion from $6.6 billion, reflecting active risk management and a stronger balance sheet. These results highlight SoFi's growth and resilience amid market challenges.
SoFi Technologies has declined about 30% year-to-date after two disappointing earnings reports in 2026, underperforming both the fintech sector and the broader market. Investors are looking to the Q2 earnings announcement on July 29 for signs of reco...
With the Federal Reserve expected to keep interest rates steady, high-yield savings accounts are offering attractive returns up to 4.50% APY in mid-2026. Online banks continue to compete aggressively, keeping rates well above the national average of ...
In 2026, high-yield savings accounts (HYSAs) are offering attractive interest rates up to 4.50% APY, far above the national average of around 0.38%. Despite recent Federal Reserve rate cuts and holds, many online banks maintain competitive rates to a...
