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Listen up wsb. Here's my recommendation. Well what does SoFI do?
Um excuse me?
What does sofi do?
Um well , sorry your breaking up.....
Should be soon. Hopefully before earnings or by end of year. Some think this will happen before November 1st. This should move the stock up (ATH is 28.26) What does it do besides making them able to take deposits and act as a traditional bank? They will now make more profit on their loans as they can use member deposits. Trying to be that fin tech/ bank that does everything, Banking, credit cards, loans, stocks, options/margin should hopefully be upcoming, insurance, etc.
Earnings November 10th. They had one time payments last earnings so they will be gone. They also own Galileo which is expanding. They said in March that part of getting a bank charter is they will need $750million for funding. End of September they put out $750 million for notes and they increased the offer because of demand to $1.1B that will mature in October 2026.
User growth They reported this at 2.6M last quarter an increase of 117 percent. If that continues that puts them around 3M. The marketing team has been kicking it up a notch with the 25K money dance challenge #sofimoneydance has 6.3B views in 2 weeks. However this will be reflected in the quarter after the November report. If they can convert a small percent of those users that is the best $25K spent.
Student loans If nothing is done by Biden and the government this will become a money maker for them starting in January.
Sofi stadium naming rights No they don't open the stadium like some believe. Having 2 NFL teams play out of the stadium gets brand awareness. They are hosting the Super Bowl in February. They also have benefits for members in the stadium and presale access.
Today just announced they are partnering with Pagaya and will expand access to financial services.
Risks Delay in bank charter Warrant exercising this could happen as soon as 30-50 days I believe Sofi is up 20 percent last week and 7 percent today.
Want free money, $15 if you sign up for SOFI. It's that easy. Want more refer some friends.
TLDR: Bank charter should be coming by end of year and earnings November 10th.
I own stock and have options that are weekly to next year dates. Looking for ATH.