News

There has been an increase in the number of fintechs applying for bank charters.

The once-high-flying fintech stock has cratered, and investors are wondering what they should do.

Over the past 18 months, 40 wannabe bankers have filed for charters with the Comptroller of the Currency. So far, 21 have been approved.

SoFi just posted a record quarter and raised guidance while its stock sits near a 52-week low, and the gap between what the business is doing and what the market is pricing in may be wider than most investors realize.

The Federal Reserve on Wednesday hiked key interest rates to a target range of 3.75% to 4.00%, in line with market expectations.

JPMorgan trades at a 14.4x forward P/E versus SoFi's 29.3x, but one company is burning cash while the other generates billions.

After spending a few hours researching available promotions, a redditor strategized how to earn nearly $3,500 in bonus cash from checking account openings.

SoFi Technologies, Inc. (SOFI) closed at $17.65 in the latest trading session, marking a +1.91% move from the prior day.

In August 2026, digital payment platform eToro experienced significant shifts in its business metrics, highlighting trends in the digital payment landscape. The company reported assets under administration reaching $20.2 billion, marking a 3% increase compared to the previous year, while the number of funded accounts grew by 18% to 4.36 million. The platform saw a 31% rise in the total number of trades within capital markets, although the invested amount per trade decreased by 29%. Crypto...

Six Connecticut-based Citizens employees resigned in a 49-minute span after their manager signaled his exit, the bank said. An additional talent migration in Texas shows a “pattern of racketeering,” Citizens said.

The market's mixed view on this fintech in the short term could pay off in the long term.

Affirm Holdings (NASDAQ:AFRM) is one of Jim Cramer’s favorite stocks in the sector. Over the course of the past several months, the CNBC TV host has praised the firm’s CEO, Max Levchin, on multiple occasions. In fact, in mid-August, Cramer went as far as to say that the stock should be at a hundred. Affirm […]

Check out the companies making headlines this week:

Block filed with the OCC to form Builders Bank & Trust, N.A., a national trust charter aimed at cutting sponsor-bank fees and unifying compliance for Cash App and Square.

Chime Financial agreed to acquire Stride Bank for $590 million in cash, gaining a national charter to cut partner fees, protect interchange revenue, and lower lending costs ahead of a 2027 closing.

Check out the companies making headlines yesterday:

SoFi and Nu take increasingly different growth paths as scale, cross-selling, AI and diversification reshape their digital banking models.

The nearest confirmed ceiling for PayPal (PYPL) stock sits 35.4% above where it trades now. The stock is 30.7% below its 52-week high, and the easy read on a payments company down that far is that the market has given up. The reward is real and wide against what you risk. The floor under it is shakier than the bounce count suggests.

Shares of digital financial services company SoFi Technologies (NASDAQ:SOFI) fell 3.3% in the afternoon session after Loop Capital initiated coverage of the stock with a Hold rating and a $22 price target. Loop Capital analyst Reginald Smith noted that while the company possesses strong growth potential, interest rate risks and a mix shift toward more asset-intensive lending will continue to weigh on investor sentiment in the near term. The firm also highlighted that an asset-intensive lending s

On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie is joined by special guest co-host Ophelia Snyder, Co-Founder of 21Shares. Payward Chief Commercial Officer Mark Greenberg breaks down Kraken parent Payward's new partnerships with SoFi and the London Stock Exchange, and how xStocks is bringing tokenized equities and 24/7 markets to investors around the world. Bullish Exchange President Chris Tyrer unpacks Bullish's $4.2 billion acquisition of transfer agent Equiniti, its first tokenized-share trades on a GFSC-regulated venue, and the competing models shaping the future of tokenized stocks. Plus, Sanasie and Snyder break down another billion-dollar week for Bitcoin and Ethereum ETFs and what shifting macro conditions could mean for crypto. - Learn more at bullish.com. - Register now for CoinDesk's Policy and Regulation event on September 22, 2026: policy-regulation.coindesk.com. - To get market-moving news delivered daily, download CoinDesk's mobile app: linktr.ee/coindeskapp.

During the September 3 episode of Mad Money, host Jim Cramer addressed the recent volatility in SoFi Technologies, Inc. (NASDAQ:SOFI), examining why the stock experienced an unexpected pullback despite delivering an exceptional earnings report. He commented: What do we make of the action in SoFi Technologies, digital bank of choice for the younger generation? I’ve […]

SoFi Technologies (NASDAQ:SOFI) CFO Chris Lapointe said the financial-services company entered the second half of 2026 with continued revenue growth, expanding product adoption and a mix of newer businesses that remain in earlier stages of development. Speaking at an investor conference, Lapointe s

SoFi Technologies Inc. is trending after the company announced a strategic partnership with Payward on Thursday, connecting SoFi’s banking infrastructure with Kraken’s digital asset markets. Shares traded higher on the news on Thursday. SoFiUSD to List on Kraken Under the...

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Despite lagging behind the broader market in 2026, SoFi has strong catalysts that could spur a sharp recovery in its share price.

SoFi Technologies, Inc. (SOFI) concluded the recent trading session at $18.22, signifying a -1.57% move from its prior day's close.

SoFi Technologies stock has delivered a strong 116.0% return over the past three years, yet the current market price screens as expensive compared with its intrinsic value estimate and broader valuation checks. Recent weakness in the share price adds another layer of complexity as investors weigh the growth story against signals that the stock may be pricing in a lot of good news already. Over the past three years, SoFi Technologies has returned 116.0%, which puts more focus on whether the...

SOFI's Payward tie-up expands SoFiUSD's reach through Kraken while adding digital-asset liquidity and 24/7 dollar clearing.

SoFi Technologies on Thursday announced a partnership with Payward to boost its banking, payments, liquidity, and digital asset markets.

Kraken will list SoFiUSD and gain access to SoFi’s round-the-clock dollar settlement network, while Kraken Prime will execute trades for SoFi’s crypto customers.