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SoFi shares drop 6% despite buy rating as rising yields pressure fintech lending margins

Market News
14 Oct 2026
24/7 Wall Street
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Bearish
SoFi shares drop 6% despite buy rating as rising yields pressure fintech lending margins

SoFi stock fell 6% following a buy rating from StoneX due to rising long-term interest rates that threaten its lending margins. The fintech's advantage of holding customer deposits offers cheaper funding, but higher rates squeeze the profit gap between loan yields and funding costs. Affirm and Robinhood also saw sharp declines, with Affirm down 9% and Robinhood 6%, reflecting broader pressure on fintech lenders and brokers. SoFi's future performance depends on whether long-term rates stabilize or continue rising, impacting its earnings and valuation.

Following the fintech sector's pressure described in the news, SoFi shares are down 6.89% at USD 14.19 on Pluang as of Oct 14, 2026 22:41 WIB, with a market cap of $19.68 billion. Affirm is also trading lower at USD 70.41, down 9.60%, while Robinhood shares have slid 6.99% to USD 102.79. Pluang data shows strong selling interest, especially for Affirm with 100% sell orders and a typical hold time of just 21 days, highlighting short-term trader caution in this sector.

More News (SOFI)

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