SoFi CEO Stays Conservative on Rate Hike Outlook

SoFi shares fell after the online bank reported second-quarter revenue and earnings that missed analyst estimates. SoFi CEO Anthony Noto joins Ed Ludlow and Caroline Hyde to explain why they are still being very cautious about the US economy and what the Federal Reserve will do when it comes to rate cuts. He is on…

Published

2 years ago

April 29, 2024

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30 Comments

@thenoodlebuddy

April 29, 2024 at 2:04 pm

Loading the boat boyz

Reply
@chartedtravel1776

April 29, 2024 at 2:12 pm

What is the point of guidance for q2 if you have never before guided for q2?

Reply
- @JLR17
  
  April 29, 2024 at 2:18 pm
  
  The fact that they included it besides the risks shows the are confident long term
  
  Reply
- @Tslayer1966
  
  April 29, 2024 at 4:28 pm
  
  Every earnings Noto gives ammunition to the shorts and negative analyst. Not sure why he just cannot let the earnings speak for themselves and take credit for a great quarter, but he never does. In the end us stock holders continue to feel the pain. So frustrating
  
  Reply
@sbera87

April 29, 2024 at 2:17 pm

This guy is such a robot . A ceo needs a little charisma

Reply
- @anundo
  
  April 29, 2024 at 2:54 pm
  
  Like Elon? ????
  
  Reply
- @rochester3
  
  April 29, 2024 at 3:26 pm
  
  hes reading
  
  Reply
- @thenoodlebuddy
  
  April 29, 2024 at 4:13 pm
  
  Nah I like it predictable and just a normal down to earth guy. Think I’d be like this guy if I was a CEO, under promise and over deliver and don’t get involved with drama like Elon. I’m there to do a job and I’ll do it well
  
  Reply
@nolas1360

April 29, 2024 at 2:19 pm

I think this stock is going to behave much like PLTR. The bears will beat it up till it can’t be beat down anymore. The numbers are there… this stock is cheap. I see it between 13 and 18 after a couple more earnings. I’m glad he’s being conservative, can you imagine the crash if he wasn’t? I spose I’m going to buy more…

Reply
@haze_the_alchemist1123

April 29, 2024 at 2:32 pm

Load up boys.

Reply
@rooner1231

April 29, 2024 at 2:44 pm

The guy is smart, makes sense, and does not cause me any concern – my sort of CEO

Reply
- @TonyXDZ
  
  April 29, 2024 at 9:00 pm
  
  same to me, I will continue to short it
  
  Reply
@boathouseinteriors

April 29, 2024 at 2:54 pm

Anthony Soto is no longer CEO though. He quit last month.

Reply
- @clausbohm9807
  
  April 29, 2024 at 3:22 pm
  
  ???
  
  Reply
- @sterlingcampbell2116
  
  April 29, 2024 at 4:29 pm
  
  @@clausbohm9807 he doesn’t know what he’s talking about. Noto is still CEO.
  
  Reply
- @brysonsierens5581
  
  April 29, 2024 at 5:18 pm
  
  yes , you are the stupid one ! ????
  
  Reply
- @richardrichards899
  
  April 29, 2024 at 5:44 pm
  
  What?
  
  Reply
@boster8368

April 29, 2024 at 3:15 pm

it’s all over this tiny bank going way down

Reply
- @clausbohm9807
  
  April 29, 2024 at 3:22 pm
  
  ????????
  
  Reply
@TripleChevys

April 29, 2024 at 3:22 pm

I really like this company. Smart moves

Reply
@rochester3

April 29, 2024 at 3:24 pm

hes reading something lol

Reply
@CP-oo8mj

April 29, 2024 at 3:37 pm

the goat

Reply
@AnthonyNoto69

April 29, 2024 at 3:54 pm

2026 forward pe is <9 BTW, I'm heavily buying under $12

Reply
@sterlingcampbell2116

April 29, 2024 at 4:28 pm

In 2022 got shadow banned from the SoFi subreddit for declaring that SoFi would likely still be single digits by US elections. The $20 EoY gang just can’t handle reality of SoFi being an overvalued “growth” stock with slowing growth.

First the bank charter was going to moon SoFi…then it was options, then student loans returning, then profitability. Now it’s “4-6 quarters of profitability”.

Reply
@rowanjeffers3230

April 29, 2024 at 7:08 pm

This guy has his stuff together.

Reply
@Cimilo43

April 29, 2024 at 7:47 pm

This company is still growing and the price is going nowhere, I think this is a discount ????

Reply
@christopherfu3251

April 29, 2024 at 8:31 pm

Coffee ☕️. Then, vitamins. Ah…

Reply
@christopherfu3251

April 29, 2024 at 8:32 pm

Go to college. Get a Stratocaster. Bye. ???? ????

Reply
@christopherfu3251

April 29, 2024 at 8:34 pm

Nice. They know it!

Reply
@christopherfu3251

April 29, 2024 at 8:35 pm

Shoulda gotten that Strat

Reply

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