SOFI - SoFi's Flawless Execution Set To Eliminate The Bears

2024-02-01 22:39:55 ET

Summary

• SoFi posted yet another record-breaking quarter.
• The company turned GAAP net income profitable in Q4.
• On the other hand, management gave soft 2024 guidance.
• However, management has a track record of strong execution.
• Bears better be careful.

Introduction

SoFi ( SOFI ) ended 2023 with a huge bang, producing Q4 financial results that surpassed all expectations.

Even the bears were surprised.

Growth accelerated, profitability skyrocketed, and management provided their outlook for the next three years — solidifying SoFi's path of becoming a top 10 bank....

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