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SoFi lifts 2026 revenue forecast as member growth, new loans hit records
Reuters14d agoneutral
SoFi lifts 2026 revenue forecast as member growth, new loans hit records

Fintech SoFi raised its 2026 revenue growth forecast above Wall Street expectations on Wednesday after posting a ‌market-beating second quarter, driven by record member growth and loan originations. Despite ‌an uncertain macroeconomic environment, elevated interest rates and high costs of living, credit quality has been ​stable thanks to resilient borrowers, allowing consumer lenders to continue growing their loan books and interest income. Fintech firms such as SoFi have emerged as credible challengers to traditional banking heavyweights.

Latest News In Digital Payment - Real-Time Settlement Challenges Highlight Cash Flow Optimization
Simply Wall St.15d agoneutral
Latest News In Digital Payment - Real-Time Settlement Challenges Highlight Cash Flow Optimization

Recent research in the digital payment sector reveals a significant gap between the expectations and capabilities of treasury and finance professionals in settling transactions in real-time. A Jiko survey shows that while 76% consider 24/7 settlement important for organizational operations, only 19% have achieved this capability, highlighting integration challenges and associated costs as major barriers. As geopolitical tensions, inflation, and uncertainties about banking stability rise,...

SoFi (SOFI) Brings SpaceX IPO Access As Big Bank Earnings Support Lending
Simply Wall St.19d agoneutral
SoFi (SOFI) Brings SpaceX IPO Access As Big Bank Earnings Support Lending

Major U.S. banks recently reported strong earnings, signaling resilient credit and deposit activity across the sector. SoFi Technologies (NasdaqGS:SOFI) is drawing attention for its involvement in providing retail access to the highly anticipated SpaceX IPO. These developments spotlight both the health of core banking activity and the distinct features of SoFi’s retail investing platform. For SoFi Technologies, which combines digital banking, lending, and investing under one platform,...

1 Mid-Cap Stock with Impressive Fundamentals and 2 We Avoid
StockStory19d agoneutral
1 Mid-Cap Stock with Impressive Fundamentals and 2 We Avoid

Mid-cap stocks often strike the right balance between having proven business models and market opportunities that can support $100 billion corporations. However, they face intense competition from scaled industry giants and can be disrupted by new innovative players vying for a slice of the pie.

Charles Schwab Q2 Earnings Call Highlights
MarketBeat21d agoneutral
Charles Schwab Q2 Earnings Call Highlights

Charles Schwab (NYSE:SCHW) executives said the company delivered record second-quarter results as client asset gathering, trading activity, lending demand and wealth management flows all strengthened. President and CEO Rick Wurster said Schwab is benefiting from a financial services landscape that

This Week In Digital Payment - Emerging Innovations Propel Payment Card Software Market Growth
Simply Wall St.22d agoneutral
This Week In Digital Payment - Emerging Innovations Propel Payment Card Software Market Growth

The global payment card issuance software market is projected to reach $5.04 billion by 2035, driven by innovations in cloud-native platforms, virtual cards, and digital banking. A recent comprehensive report from Research and Markets highlights the significant growth opportunities and competitive dynamics anticipated in the sector. Covering 16 geographies, the strategy-oriented analysis underscores the potential impact of emerging payment technologies and post-pandemic developments on the...

3 Stocks Under $50 Worth Buying in July
24/7 Wall St.24d agobullish
3 Stocks Under $50 Worth Buying in July

Three stocks under $50 are posting double-digit revenue growth while Wall Street's biggest names trade at prices that shut out smaller investors. One is a digital bank, one a global finance compounder, and one an AI ad platform finally proving its skeptics wrong.