Anthony Noto, SoFi CEO, joins 'Squawk on the Street' to discuss the stock reaction following the company's quarterly earnings results, Noto's insights on credit quality, and more.
The problem is that expectation were too high in the first place making the PE too high even as a bank/tech company. This is a long play no matter how we cut it.
Keep dreaming. Gamestop is one in a lifetime event after Covid stimulus that overflood the markets with liquidity. You will not see it again in some stock unless we get another print in future.
That kind of thinking is exactly why you're about the get the opposite and -70% down from here. Gamestop was once in a lifetime event, where FED injected trillions into the markets, that's why crap like GME rallied, you will not see it again unless FED prints again but keep dreaming.
Exciting times in the crypto world! The latest analysis reveals a bullish trend for Bitcoin in the coming week, especially intriguing following its recent weekly closing patterns. The approval of a Bitcoin ETF adds to the buzz, presenting a prime opportunity for investors to strategize and potentially capitalize on these market movements. Definitely a moment for crypto enthusiasts and investors to watch closely and make informed decisions in this ever-evolving market..managed to grow a nest egg of around 15k to a decent 232k in the space of a few months. I'm especially grateful to Lisa Kadek whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape....
Been holding Sofi for 2 years now. Just brough 50 more today. At $7.45. Got in at the high. Of $19.00. Average perice now $14.00. I ain't spending my nest eggs. I. Making more eggs.
i was hoping for a crash before they report their full year of profitability in 6 months for Q3 where they’ll be eligible for S&P inclusion….. I own 14,700 shares while desperately trying to get to 20,000 shares before Q3…. don’t sweat it, this is an opportunity.
The more retails buy the easier to short this spac from scamath pilahapatita and Noto too. Wallstreet just doesn't trust this Spacs they started on a scammy way. Spacs is to avoid showing real Financials instead of An IPO
Buddy, the issue with this stock is that, too many retailers holding the stock. Do you think, big money wants all retailers to be rich af? This will trade between 5-9 for next 5 years and everyone curse and move on, then it will explode to 20 bucks, 30 and 50!
I wanna see more integration on the fintech side. I want to see SoFi invest interface upgraded to be more user involved, faster trading, news data, graphs and chart, for now I have SoFi banking but currently using Robinhood to trade.
With around $120k invested in SoFi stocks, any suggestions for additional stocks to diversify across various markets? Looking for a well-rounded portfolio that balances risk aversion with returns meeting yearly inflation concerns.
Working with a financial advisor has been a game-changer for me. They provided invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.
They panicked and sold off a huge portion of student loans due to rising delinquency rates and now Q2 guidance and earnings into the future are uncertain scaring off investors.
@@dimitarandrievski1471 Yep, just you. You said he should answer the question. He did. He didn't dodge it. He didn't beat around the bush. He answered it.
What valuation? The valuation is in the guter lmao, if sofi is considered as bank which most street thinks so, then its price to book of 1.4 might as well be growing 5% and people should be excited. Now let alone that they are in reality guiding 15 to 17% growth for the year which makes zero sense for the current multiple.
Think you got that backwards. The valuation isn't justified considering it's growth. All beats and improved full year guidance, yet stock stuck between 7-8 dollars... Should be a minimum of $12 at this point...
It appears that the CEO of Sofi is closely following the text displayed on the screen, indicating a potential lack of familiarity with the numbers and a reliance on pre-scripted material. This not only reflects poorly on his preparedness but also comes across as disrespectful to both viewers and investors. It's essential to thoroughly prepare before appearing on such shows to exude confidence and convey a clear strategy for a promising future.
As a PayPal investor times are tough, depending on the earnings tomorrow I might consider cashing out - Fintech will recover once the interest rates go up or they manage to include AI into their systems as that is what drives tech stocks in this environment
@@jessehammond8944 no, you’re wrong. Interest will come down going forward, and it could benefit Fintech then. As for SOFI, the market will value it like a bank not a high tech internet company.
Triple beat. Raises guidance. Stock drops. Not manipulated at all lol
Great opportunity to get more shares for long term holders.
GameStop repeat?
@@chanelaarrestad99sofi isn’t a failing company like GameStop lol
It's a junk stock and you are getting scammed. Just quit & buy VOO.
@@method341 You sound like a bot trying to get me to sell my shares lol
@@chanelaarrestad99 not gonna happen. too high of a float. Almost a billion. there are shares everywhere!
The problem is that expectation were too high in the first place making the PE too high even as a bank/tech company. This is a long play no matter how we cut it.
The PE is negative? The expectations were beat?
@@thederpyrock5247he’s talking the quarter not year
Market manipulation, shorters. Would be so sweet if we did a GameStop situation for the shorters
Keep dreaming. Gamestop is one in a lifetime event after Covid stimulus that overflood the markets with liquidity. You will not see it again in some stock unless we get another print in future.
Damn right
Im in, lets go
That kind of thinking is exactly why you're about the get the opposite and -70% down from here. Gamestop was once in a lifetime event, where FED injected trillions into the markets, that's why crap like GME rallied, you will not see it again unless FED prints again but keep dreaming.
@@user-mv1tq3vj1k ✊✊
great American, west point grad. Ty for your service AN!
was he ever in ACTIVE duty?
Eventually SOFI will merge with a larger bank.
hope not!
Bought the May 31st $7.50 Calls for .32c sold at .41c, Beer Money! Back on the bid .32c $SOFI
Exciting times in the crypto world! The latest analysis reveals a bullish trend for Bitcoin in the coming week, especially intriguing following its recent weekly closing patterns.
The approval of a Bitcoin ETF adds to the buzz, presenting a prime opportunity for investors to strategize and potentially capitalize on these market movements.
Definitely a moment for crypto enthusiasts and investors to watch closely and make informed decisions in this ever-evolving market..managed to grow a nest egg of around 15k to a decent 232k in the space of a few months. I'm especially grateful to Lisa Kadek whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape....
Hold on, Is it the same Lisa Kadek people are talking about? From NY?
How good is she?
@@gargajsaidu2830 Yeah, I guess you know her!!?
@@laurabrown7206 She's 100%
@@bauerb873Yes, I have seen a lot of Positive posts about Lisa Kadek. Please how do I reach her?
This stock is running at such a discount, it's criminal. Kudos to those that can jump in on it today.
Bought more at 7.05
Nah should be around $2-3, if not even delisted
Do you by any chance work for Wedbush?
@@dougt8913 🤣
Clown @@theunbearablebull
Been holding Sofi for 2 years now. Just brough 50 more today. At $7.45. Got in at the high. Of $19.00. Average perice now $14.00. I ain't spending my nest eggs. I. Making more eggs.
Dollar cost average it down. Hopefully this sucker will run ....
Awesome dude.
i was hoping for a crash before they report their full year of profitability in 6 months for Q3 where they’ll be eligible for S&P inclusion….. I own 14,700 shares while desperately trying to get to 20,000 shares before Q3…. don’t sweat it, this is an opportunity.
14500 here and have the same goal 🙌
Bought more today. I'll keep buying as long as the shorts allow me. They about to FAFO.
The more retails buy the easier to short this spac from scamath pilahapatita and Noto too. Wallstreet just doesn't trust this Spacs they started on a scammy way. Spacs is to avoid showing real Financials instead of An IPO
Buddy, the issue with this stock is that, too many retailers holding the stock. Do you think, big money wants all retailers to be rich af? This will trade between 5-9 for next 5 years and everyone curse and move on, then it will explode to 20 bucks, 30 and 50!
@@thealchemistinsearch it's just a spac and spacs are scams at least for Wallstreet or retail meme. It's will go to penny stocks and die down
he looks like he's reading his answers....
he is lol
So?
I wanna see more integration on the fintech side. I want to see SoFi invest interface upgraded to be more user involved, faster trading, news data, graphs and chart, for now I have SoFi banking but currently using Robinhood to trade.
Alot of people are doing that
Does SOFI have FDIC type default insurance on deposits?
Yes. They are a chartered bank.
Yes, they are a fully licensed bank
2 million fdic
They?
Cheap enough to start a position
yup I bought more shares
I don't care about Q2, Raising 2024 guidance is positive.
Oh my god!
Back in those days when it was earthquake season.
Man I wanted to buy when it was about 4 and something 😢
I have no idea anymore. Get a tube amp.
SoFi 💪
The CEO talks using UpTalk LOL.
Have you noticed he almost never blinks ?
He's AI
why the CEO never blink his eye more than 1 minutes?
With around $120k invested in SoFi stocks, any suggestions for additional stocks to diversify across various markets? Looking for a well-rounded portfolio that balances risk aversion with returns meeting yearly inflation concerns.
When diversifying, spread investments across sectors and assets to lower risks. Research and consult a financial advisor for aligned decisions.
Working with a financial advisor has been a game-changer for me. They provided invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.
*Sharon Lynne Hart* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.
Just keep holding and one day you will be rewarded handsomely I don’t know when but buy or die
Ahh.. the Mob lady is back!
The host is hot
Is it me or is this guy hardly blinking ??
AI 😂
He is reading a statement, straight up stupid 😂
It's so weird!
Not bad, seems that they are set up and ready
I wonder what the turnover is with their customers.
Turnover? It’s a bank. How often do you switch banks?
They
Why stock down
Insider cashing out ?
Shortshate this stock that’s why, next time we will crush earnings and make them pay
This is a nonsense headline. Market is down due to shorts and manipulation.
They panicked and sold off a huge portion of student loans due to rising delinquency rates and now Q2 guidance and earnings into the future are uncertain scaring off investors.
Banks must do risk management. That's the one thing they must do. Else you can end up like First Republic
Are you kidding me?!?!??
Next time answer the question...
Not answering is shady.
What question did Noto dodge?
He did answer it. Maybe next time actually listen.
@@ItsMeRockyT I heard phoney bankers talk, here and at the earnings report. The most engaging report earning call, right? But that's just me.
@@dimitarandrievski1471 Yep, just you. You said he should answer the question. He did. He didn't dodge it. He didn't beat around the bush. He answered it.
Short sellers .
Cash those notes and sell that stupid stadium
Can't sell a stadium they don't own.
Noto what do you mean don’t focus on the stock price. People believed and the stock price nose dives
Not growing fast enough to justify its valuation.
What valuation? The valuation is in the guter lmao, if sofi is considered as bank which most street thinks so, then its price to book of 1.4 might as well be growing 5% and people should be excited. Now let alone that they are in reality guiding 15 to 17% growth for the year which makes zero sense for the current multiple.
Think you got that backwards. The valuation isn't justified considering it's growth. All beats and improved full year guidance, yet stock stuck between 7-8 dollars... Should be a minimum of $12 at this point...
It appears that the CEO of Sofi is closely following the text displayed on the screen, indicating a potential lack of familiarity with the numbers and a reliance on pre-scripted material. This not only reflects poorly on his preparedness but also comes across as disrespectful to both viewers and investors. It's essential to thoroughly prepare before appearing on such shows to exude confidence and convey a clear strategy for a promising future.
How about they stop printing stock for a while?
i’ve added some today - market has no idea whats coming
So what is coming that you added?
@@violinbite Crash?
@dazbike3247 can't be crash as he is buying
now i am broke thanks noto!
Did Noto invest your money or did you?
and let me guess, all your money was invested into one stock..... *SMH*
@@kendallhughes7507 nice comment.. what is SMH?
You’re broke because you’re a loser not because of SoFi
you only have yourself to thank for that
Shareholder know they are a bank and know how to hide losses or show gains that don’t tell the full story.
Let’s see where this goes.
Another down year for sofi another one 😅
He is a liar they have blocked my account
I’m sure they blocked it for a reason Miss Jones
Don't buy SOFI stock as a matter fact don't buy any Fintech stocks
As a PayPal investor times are tough, depending on the earnings tomorrow I might consider cashing out - Fintech will recover once the interest rates go up or they manage to include AI into their systems as that is what drives tech stocks in this environment
@@jessehammond8944 no, you’re wrong. Interest will come down going forward, and it could benefit Fintech then. As for SOFI, the market will value it like a bank not a high tech internet company.
Time to ditch lending and just leave financial services and tech platform.
her face looks like she holding 10000 shares of Sofi :))
He actually holds many millions
@@Periquito_pin_pan i mean her. The commentary
Hahahqhqhqhq and the stock is dowb 9% ???? Plz answer