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Bank charter approved, go long $SOFISOFI has been successful in achieving a bank charter through the acquisition of California-based community lender Golden Pacific Bancorp. It has been consolidating on the weekly chart for almost a whole year now. With the MACD curling up & histogram turning white heading towards green while the RSI is heading to test 50, I really like this set-up. Some say it is priced in already. I highly doubt that. This stock could easily hit a $25 billion market cap (roughly the market cap of HBAN, which I say would be a reasonable comparison/achievable target since HBAN is a plain vanilla regional bank) with the combination of having a super app with the backbone of a bank charter. If it were to hit that market cap, SOFI would be trading at roughly $30.98. More than a double from here. It seems to be the perfect time to go long. The combination of student loan management, IPO access, banking, crypto, stock trading, etc all in one app gives it a significant edge. If it can catch some momentum and pass $50, then it could be headed much higher. An extremely bullish case would be SOFI reaching PYPL like numbers. SOFI's total assets increased from Sept 21 to Dec 21, while PYPL's decreased. On the day Dec 31st, 2021, PYPL had roughly 8.22x the assets of SOFI. Just throwing out a rough number, with net interest margins being added into the revenue basket for SOFI because of the bank charter and the potential to continue to increase its AUM and total assets then you could throw out a share price of $112.70 ($13.71 * 8.22). Volume has been steadily increasing indicating increased interest and coverage. Oops. EBITDA somehow was from UCTT on the initial post and Tradingview won't let me edit it, no worries. Here is the chart with SOFI's EBITDA has shown some recent upward momentum. This is just a theory, not financial advice, please do your own DD.
NASDAQ:SOFILong
by EBITDAtiger
SOFI Becomes a National BankToday, SoFi Technologies ( NASDAQ:SOFI ) announced that the company received regulatory approval to become a National Bank. This is a massive achievement for SOFI. The Office of the Comptroller of the Currency (OCC) and the Federal Reserve have approved SOFI's applications to become a Bank Holding Company through its proposed acquisition of Golden Pacific Bancorp and operate its bank subsidiary as SoFi Bank , National Association. SOFI expects the acquisition of Golden Pacific Bancorp to close in February 2022, subject to the remaining customary closing conditions. “This incredible milestone elevates our ability to help even more people get their money right and realize their ambitions,” said Anthony Noto, CEO of SoFi. “With a national bank charter, not only will we be able to lend at even more competitive interest rates and provide our members with a high-yielding interest in checking and savings, but it will also enhance our financial products and services to ensure they efficiently meet the needs of our members, business partners, and communities across the country while continuing to uphold a high bar of regulatory standards and compliance. This important step allows us to add to our broad suite of financial products and services to better be there for our members during the major financial moments in their lives and all of the moments in between. I’m incredibly proud of our team and excited about the opportunities ahead to help even more people achieve financial independence.” Last year, in a key strategic step in SoFi’s path to obtaining a national bank charter, the company announced a definitive agreement by its subsidiary Social Finance to acquire Golden Pacific Bancorp and its wholly-owned subsidiary Golden Pacific Bank. SoFi plans to contribute $750 million in capital and pursue its national, digital business plan while maintaining Golden Pacific Bank's community bank business and footprint, including Golden Pacific Bank's current three physical branches. At the time of the announcement, SoFi submitted a revised business plan for Golden Pacific Bank to the OCC and an application to become a bank holding company and for a change of control to the Federal Reserve for approval. After completing the acquisition of Golden Pacific Bank, SoFi Technologies will become the parent company of SoFi Bank, National Association. Over the past year, SOFI investors have been hit left, right, and center holding onto this highly volatile stock. In fact, the stock has continued to move towards all-time lows day after day. That being said, fundamentally, the business continues to perform very well. SOFI's guidance for Q4 2021 points towards SoFi reigniting revenue growth rates to 55% yr/yr growth. This gives investors reassurance during this turbulent time that SOFI is indeed still growing rapidly. Right now, with SOFI's National Bank approval, this fintech stock's risk-reward profile is arguably the best it's ever been.
NASDAQ:SOFILong
by TickerTimeNews
33
SoFi (NASDAQ: $SOFI) Looking Mega-Opportunistic Under 0.786! 👀Social Finance, Inc., a finance company, operates an online platform that provides financial services. It offers student loan refinancing, private student loans, personal loans, auto loan refinance, home loans, mortgage loans, and investments, as well as insurance products for renters, homeowners, automobiles, and others. The company also offers SoFi Weekly Dividend ETF, an equity ETF to provide a weekly dividend payment to shareholders. Social Finance, Inc. was formerly known as Credit-Linked Community Notes of Social Finance Inc. The company was incorporated in 2011 and is based in San Francisco, California with additional office locations in Healdsburg, California; and New York, New York.
NASDAQ:SOFILong
by Bullishcharts
2
It's been rough, guys...Yep, everyone's bleeding to the teeth... More leveraged folks had to make decision on their margin calls... It hasn't been pretty... But as a friend told me recently, "All markets are red Just a matter of when and which stocks/coins rebound first Same cycle Same game" ^Disclaimer: Above is not a Haiku poem (but yes i formatted it as such) So back to basics: What are we seeing here: - 10-year Treasury is popping - 20-year Treasury lost steam - Dow Jones broke out & lost steam (R @ 36526 to 36626 --- rejected 369ish - let's say 37000 for now) - VIX looks like it's getting for some real action in about 2 to 8 weeks It's rated as Neutral because who the #### knows (or we can say ONLY THE LORD KNOWS). Fasten your seat belts. Turbulence (or opportunity) ahead. Rooting (reluctantly) for: - Genomics sector - $SHIB Shiba Inu coin - $CAKE Pancake Swap coin - $BNGO Bionano Genomics - $SOFI SoFi - $VLD Velo3D and last but not least - $JEWEL DeFi Kingdoms --- really interesting Let me know what you guys think for the upcoming 2022. Cheers & wishing peace and prosperity to everyone!! (And ofc I can't do that but only the LORD can). Cheers, Noob Investor
NASDAQ:TLT
by thelords
SOFI about to break out at $17.17?NASDAQ:SOFI intra day is trading at >$16 as I type this. On December 10th SOFI was printing below $15.46 Since then, it has tested the $15.46 level twice since its initial drop below that level (a 20 calendar-day period). Lets back up in time some for context: On Nov 11 SOFI printed intra day at $24.63 Since then, SOFI has been trending downward and has fallen as low as $13.67 (on Dec 17) Dec 03 was the first time since Sept 22 SOFI was printing <$15.46. After consolidating in between the $14-15.50 range, SOFI seems to have broken out to the upside. Historically (although a small sample of history due to it being a new stock) $17.17 will be the next major area of resistance if SOFI continues to rally to the upside. Historically, SOFI has had 13 major upward/downward tests of $17.17 on the monthly candles, it is no stranger to this level. Of those 13 attempts to break through $17.17: Bullish Breakouts: 4 - Monthly candle open below and closed above $17.17 - The proceeding Monthly candle open and closed above $17.17 Bearish Breakout: 2 - Monthly candle open above and closed below $17.17 - The proceeding Monthly candle open and closed below $17.17 Positive Backtests: 4 - Monthly candle opens above $17.17 - Monthly candle either has a wick or body that closes below $17.17 - The proceeding Monthly candle opens below but closes above $17.17 Negative Backtests: 3 - Monthly Candle opens below but closes above (or has a wick in the case) that prints above $17.17 - The proceeding Monthly candle closed below $17.17 Overall Bullish reactions: 8 Overall Bearish Reactions: 7 Total # of Bullish runs: 3 Total # of Bearish runs: 3 The picture I am painting is the IMPORTANCE of the $17.17 level for SOFI. Take-aways: As SOFI moves above $17.17 and breaks $18.65 there is a high historical probability that it tests 24.63 or higher. As SOFI moves below $17.17 and breaks below $15.46 there is a high probability that SOFI tests $13.67 SOFI's price action seems to be condensing over time very slowly and is trading within a symmetrical wedge pattern in its most macro sense. SOFI's median price is (technically 17.54) but the $17.17(range) acts like a magnet, accelerating both bullish and bearish momentum The chart is very Sine-wave-ish, the cycles are apparent. Bulls as of now seem to have taken control and are looking to again test $17.17 Last thing of note: the wave-like nature of the stocks entire history is very similar to what we see in an accumulation/distribution phase B of a Wyckoff pattern. My predication is that $17.17 is tested in the next 30-60 days and will signal a massive bull run to new ATH's under one condition: THE NATIONAL BANK CHARTER gets FULLY approved. If the bulls can continue momentum through Jan., come Feb. there MAY BE a chance that we get word on this news which would accelerate SOFI past 18.65 and attempt to break the ATH of $28.26. If the bulls lose control at $17.17 I would look to $15.56 as support. This said, I will be looking at jumping into ATM SOFI calls (early) @ >$17.50 or OTM (late) at >$18.65 ATM Puts would be considered <$15.46 Of course, chart and news depending as that time approaches (if it does at all) Not financial advise. Do your of analysis and DD before entering or exiting any trade of your own.
NASDAQ:SOFILong
by OccamsPhazer
SOFI Bullish PotentialSince the covid low on 5th of March, The price action of this asset has made Higher Low's labeled as HL. The asset is currently gaining bullish momentum prior to a break within the long-term channel. the bullish shark pattern and regaining of the old major support of this channel with great bullish volume are all indications of a potential bullish swing to the midline of this channel and even higher for the top of the channel labeled as MR (major resistance).
NASDAQ:SOFILong
by Zivul33
3
SOFINASDAQ:SOFI I may buy @ 16.47 - 16.90 Sell Target I: 19.63 and Target II: 21.55 DISCLAIMER: I am not a financial or investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed, or implied herein, are for entertainment purposes only and should not be construed as personal investment advice. If you decide to invest, please make your own decision, or contact the specialists’ institutions. Thank you
NASDAQ:SOFILong
by adhamdallou
SOFI, 4 Hours, Shark Analysis 2 SOFI, 4 Hrs Shark Shape. Analysis II Buy between 16.15 - 15.60. Buy between 14.67 - 13.12 Target I : 17.57 , Target II: 20.30 STOP LOSS @ 12.51 ------------------------------ DISCLAIMER: I am not a financial or investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed, or implied herein, are for entertainment purposes only and should not be construed as personal investment advice. If you decide to invest, please make your own decision, or contact the specialists’ institutions. Thank you
NASDAQ:SOFILong
by adhamdallou
SOFI, 4 Hours, Shark NASDAQ:SOFI SOFI, 4 Hrs Shark Shape. Buy between 16.15 - 15.60. Target I : 19.08, Target II: 21.21 STOP LOSS @ 14.21 DISCLAIMER: I am not a financial or investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed, or implied herein, are for entertainment purposes only and should not be construed as personal investment advice. If you decide to invest, please make your own decision, or contact the specialists’ institutions. Thank you
NASDAQ:SOFILong
by adhamdallou
Beautiful TA on SoFiTechnical Analysis has been a hobby of mine for a few years now, and charts like this one really get me going. DISCLAIMER: THESE ARE STRICTLY MY OPINIONS ON THIS DATA. THERE ARE MANY DIFFERENT OPINIONS, THESE IDEAS COULD INVALIDATE AT ANY TIME. THE STOCK MARKET IS A VOLATILE PLACE, DO YOUR OWN RESEARCH. THIS IS POSTED FOR EDUCATIONAL PURPOSES ONLY, NOT ADVICE. ✌✌✌ Based on what we have seen twice this year, SoFi has retraced all the way back to the highest volume node. The pattern would suggest a "u-shaped" recovery, and then a rebound shortly after. With a recent price target set at $21, and the midpoint of the outer triangle just above $19, one cannot wonder if it will reclaim this area accordance with this trend.
NASDAQ:SOFILong
by CryptoRichCrypto