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SoFi CEO on Q1 earnings
  + stars: | 2024-04-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoFi CEO on Q1 earningsAnthony Noto, SoFi CEO, joins 'Squawk on the Street' to discuss the stock reaction following the company's quarterly earnings results, Noto's insights on credit quality, and more.
Persons: Anthony Noto Locations: SoFi
Tatum told The Associated Press in an interview how he wants to help others in his hometown of St. Louis get that feeling themselves and buy their own homes. He said financial services company SoFi has given the Jayson Tatum Foundation $1 million to help do that. It also offers scholarships to St. Louis high school students along with mentoring. The company also announced a partnership with the NBA to be its official banking partner and is sponsoring the SoFi NBA Play-in Tournament in April. “There are some really good people in St. Louis — people who are really trying to help change their life and their situation.
Persons: Jayson Tatum, , Tatum, Louis, SoFi, Brandy Cole, Barnes, , ” Tatum, St . Louis, Anthony Noto, Jason Belinkie, ” Belinkie, Andrew Morton, Handler Thayer, ” Morton, Louis — Organizations: Boston Celtics, Eastern Conference, Associated Press, St, Fund, NBA, Celtics, Hope, Lilly Endowment Inc, AP Locations: St ., St, SoFi
SoFi CEO Anthony Noto on Q4 earnings beat
  + stars: | 2024-01-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoFi CEO Anthony Noto on Q4 earnings beatSoFi CEO Anthony Noto joins 'Squawk on the Street' to discuss the key drivers for the company's strong quarter, what SoFi sees ahead for the economy in 2024, and if wage growth has impacted business.
Persons: Anthony Noto, SoFi
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoFi CEO: The bigger driver for Q3 was tech platform and personal loans, not student loansSoFi CEO Anthony Noto joins 'Squawk on the Street' to discuss the company's quarterly earnings results, technology platform guidance, and more.
Persons: Anthony Noto
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: I think Anthony Noto is a steady hand for SoFi, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Upstart Holding, Altria, SoFi and Nextera Energy.
Persons: Anthony Noto, Jim Cramer Organizations: Nextera Energy
Anthony Noto, CEO of digital banking and personal finance company SoFi , told CNBC's Jim Cramer the company has been able to grow immensely since it received its banking license. The company has its roots in financing student loans but was licensed to become a bank last year. SoFi's second-quarter report showed the company had gained more than 584,000 new members during the quarter, with more than 6.2 million total members, up 44% year over year. Noto added that SoFi is attracting customers with its mobile-first technology and financial products such as personal loans to pay off credit card debt, as well as student loan refinancing. "If you have a student loan, you want to lower your monthly payment, you're able to do that either via a lower rate or extending the term," Noto said.
Persons: Anthony Noto, CNBC's Jim Cramer, we've, SoFi's, Noto Locations: FactSet
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoFi CEO Anthony Noto: We're stealing share from the big banksSoFi CEO Anthony Noto joins 'Mad Money' host Jim Cramer to talk quarterly growth in membership, consumer trends, competition in the banking sector and more.
Persons: Anthony Noto, Jim Cramer
Jim Cramer goes one-on-one with SoFi CEO Anthony Noto
  + stars: | 2023-09-13 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Jim Cramer goes one-on-one with SoFi CEO Anthony NotoSoFi CEO Anthony Noto joins 'Mad Money' host Jim Cramer to talk quarterly growth in membership, consumer trends, competition in the banking sector and more.
Persons: Jim Cramer, Anthony Noto
Cramer's Lightning Round: Hold DraftKings
  + stars: | 2023-08-17 | by ( Julie Coleman | ) www.cnbc.com   time to read: +3 min
Stock Chart Icon Stock chart icon Salesforce's year-to-date stock performance. Stock Chart Icon Stock chart icon SoFi's year-to-date stock performance. Stock Chart Icon Stock chart icon UiPath's year-to-date stock performance. Stock Chart Icon Stock chart icon DraftKings' year-to-date stock performance. Stock Chart Icon Stock chart icon GE HealthCare's year-to-date stock performance.
Persons: we'll, I'm, It's, Anthony Noto, we're, they're, Let's, DraftKings, I've, it's, James Quincey's, Coke, Jim Cramer's Organizations: Charitable Trust, American Airlines, GE, GE HealthCare
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoFi CEO Anthony Noto: Growing deposit customers have fueled growth in lending businessSoFi CEO Anthony Noto joins 'Squawk on the Street' to discuss the company's margin improvements in Q2, the company's added deposits, the stock's recent rally, and more.
Persons: Anthony Noto
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoFi CEO Anthony Noto: The administration needs to provide relief for student borrowers that need itAnthony Noto, SoFi CEO, joins CNBC's Julia Boorstin and 'Closing Bell Overtime' to talk the latest inflation data, the Supreme Court's student loan ruling and more.
Persons: Anthony Noto, Julia Boorstin Locations: SoFi
Watch CNBC's full interview with SoFi CEO Anthony Noto
  + stars: | 2023-07-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with SoFi CEO Anthony NotoAnthony Noto, SoFi CEO, joins CNBC's Julia Boorstin and 'Closing Bell Overtime' to talk the latest inflation data, the Supreme Court's student loan ruling and more.
Persons: Anthony Noto Anthony Noto, Julia Boorstin Locations: SoFi
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoFi CEO on student loan pause, state of the consumer and A.I. 's impact on fintechCNBC’s Bob Pisani sits down with Anthony Noto, SoFi CEO, to discuss the company's plans as student loan payments are set to resume.
Persons: Bob Pisani, Anthony Noto Locations: SoFi
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoFi CEO Anthony Noto on company earnings, lending trends and rising depositsAnthony Noto, SoFi CEO, joins 'The Exchange' to discuss the company's earnings, lending trends and rising deposits.
SoFi exists because of a quirk in the federal student loan program. While the government charges different interest rates depending on the loan type, within those loan types there is no differentiation. Pretty quickly, as chief executive, Mr. Cagney brought shame upon the enterprise — romantic relationships with subordinates, leaving evidence of his misdeeds on private jet manifests — and showed himself out. His eventual replacement, Anthony Noto, a former Goldman Sachs managing director, then acquired a bank for SoFi, which had previously run commercials using the tagline “Don’t Bank. First, when you are a bank you can use money from depositors to make loans.
In March, SoFi Bank filed a lawsuit to end the latest extension of the student-loan payment pause. SoFi argued in its complaint that it has suffered financial harm directly resulting from the payment pause. "Indeed, your company has thrived during the pandemic payment pause, and you have been richly rewarded. "SoFi's lawsuit against ED is a dangerous and cynical ploy to prevent millions of borrowers from obtaining relief," they added. Additionally, as Warren and Pressley referenced, the lawsuit was not entirely unexpected — Noto said in February that the latest payment pause extension will "subsidize people that don't need it."
Student-loan lender SoFi asked a federal court to end the student-loan payment pause. The Education Department said the pause is legal, and the lawsuit puts borrowers "at serious risk of financial harm." On Friday, SoFi Bank and SoFi Lending Corp. — a student-loan refinancing company — sued the Education Department and asked the District Court for the District of Columbia to end Biden's latest extension of the student-loan payment pause. The White House has not yet commented on whether it will consider additional relief, such as a further payment pause extension if its relief gets struck down. It also claimed that it has suffered direct harm to its student-loan refinancing business, saying that the student-loan payment pause "has eliminated the primary benefits of student loan refinancing.
Student-loan lender SoFi asked a federal court to end Biden's student-loan payment pause. SoFi also detailed how it has been harmed by the additional payment pause extension. "Because the Moratorium suspended payments and interest for federal student loans, and because privately refinanced loans are ineligible for programs and policies applicable to federal student loans, the Moratorium has eliminated the primary benefits of student loan refinancing. After releasing its fourth-quarter earnings last month, Noto told Yahoo Finance that the latest payment pause extension will "subsidize people that don't need it." "The Department of Education should immediately cancel all federal student loans.
SoFi CEO Anthony Noto told Yahoo Finance he doesn't support broad plans to cancel student debt. The student-loan payment pause is set to end 60 days after June 30, or 60 days after the lawsuits blocking the relief are resolved. He's not a fan of broad proposals like President Joe Biden's plan to cancel up to $20,000 in student debt for federal borrowers making less than $125,000. But those... that are capable of paying need to be put back into payment, and they shouldn't have their loans forgiven either." Noto had previously expressed his belief that the student-loan payment pause should not continue for all borrowers.
Watch CNBC's full interview with SoFI CEO Anthony Noto
  + stars: | 2023-01-30 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with SoFI CEO Anthony NotoAnthony Noto, SoFi CEO, joins 'TechCheck' to discuss the company's surge in Q4 results and the stock's future.
Cramer's lightning round: I love Eagle Materials
  + stars: | 2022-12-23 | by ( Krystal Hur | ) www.cnbc.com   time to read: +1 min
Loading chart...Eagle Materials Inc : "I love Eagle Materials. Loading chart...Apple Inc : "I'm still urging people to own it, don't trade it, but I accept the fact that it's going lower before it goes higher." Loading chart...Cellebrite DI LTD : "I'm going to have to take a pass. Loading chart...SoFi Technologies Inc : "I think that SoFi, it's finally going to be [CEO] Anthony Noto's year. Disclaimer: Cramer's Charitable Trust owns shares of Apple.
Several insiders of corporate America spent big on their own stock as part of their holiday shopping, often finding major discounts. This move is in addition to the roughly $2.3 million worth of shares that Soto scooped up earlier this year. The fintech stock has struggled mightily this year, falling more than 70% to trade below $5 per share. Insider buying and selling is a metric tracked by many professional investors as one measure of a company's quality. Melamed had previously been a seller, so whose recent moves represent a notable reversal, according to Verity.
Check out the companies making the biggest moves midday:SoFi Technologies — The fintech stock jumped more than 7% after a filing showed CEO Anthony Noto bought $5 million in common stock. Charter Communications — Charter Communications dropped more than 13% after CEO Chris Winfrey said at an investor event the company will invest $5.5 billion over three years to upgrade its high-speed internet network. Morgan Stanley said it was a top auto pick for 2023. RingCentral — Shares of RingCentral climbed 4.8% after being upgraded by Morgan Stanley to overweight from equal weight. In its call, Morgan Stanley said the software company is underappreciated.
SoFi pitches itself as a digital financial services company with 3.9 million members as of Q1 2022. Heightened financial and risk controls mean that SoFi's crypto activities "pose significant risks to both individual investors and safety and soundness," the lawmakers said. Investor education material from SoFi warns that a cryptocurrency offered on SoFi's crypto platform, Dogecoin, has "no special use case or features." The letters to regulators and SoFi come as crypto markets weather their worst crisis yet. Lawmakers have demanded an explanation from SoFi on its risk management, credit, financial and compliance systems by Dec. 8.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhen you trade cryptocurrencies on SoFi, we warn you could lose all your money, says CEO Anthony NotoSoFi CEO Anthony Noto joins the 'Halftime Report' to discuss FTX's downfall, secure environments for crypto trading and the importance of regulation in the crypto sector.
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