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Jul 30, 2024
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sofi's ceo anthony noto joined bloomberg moments ago. this is what he had to say about the company's results as well as plans were company diversification. >> over the next five years, i would expect our growth to result in revenue that is about 30% financial services revenue, 30% tech platform revenue, 30% lending. the business that is growing the fastest now, increasing as a percent of revenue the fastest, is financial services segment. record revenue for the quarter at close to $600 million, 22% growth, really driven by that financial services segment that grew 80% year-over-year, now starting to reach real scale at $107 million of revenue. it is benefiting from growth in aum in our invest business, deposit growth of over 80%. it is benefiting from a high interchange growth as well. of course, 40% product growth in that segment. that will be the horse that we continue to ride to drive that diversification. the second element is the technology platform business which we believe is a mid to high teens grow our the rest of the year, for
sofi's ceo anthony noto joined bloomberg moments ago. this is what he had to say about the company's results as well as plans were company diversification. >> over the next five years, i would expect our growth to result in revenue that is about 30% financial services revenue, 30% tech platform revenue, 30% lending. the business that is growing the fastest now, increasing as a percent of revenue the fastest, is financial services segment. record revenue for the quarter at close to $600...
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Jul 30, 2024
07/24
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we'll ask anthony noto, he'll join us later in the hour. let's start with the markets. fed begins its two-day meeting ahead of tomorrow's decision on rates. most expect that it will just remain the same, setting up for september. did a little discussion yesterday, could it really happen, could they go for a cut, highly, highly unlikely, jim. >> yeah, look, there is always an element, imagine this, let's say i came out right now and i said, i think they're going to cut tomorrow. on thursday, i would come in, and if they had cut, you would say i was genius. you'll forget i said they're going to cut if they don't. >> right. >> it is asymmetrical. you could look like a hero or no one remembers. and i think that what is better is just to say, look, it is highly unlikely. and then move on from it. so that when we watch the press conference at 2:45 and someone says this is a big deal, we can say, no, it's not. look, i think -- >> isn't that the tell there anyway? 4.172. we're down. we're down, you can see what's happened there in terms -- take a look at where the chart was in
we'll ask anthony noto, he'll join us later in the hour. let's start with the markets. fed begins its two-day meeting ahead of tomorrow's decision on rates. most expect that it will just remain the same, setting up for september. did a little discussion yesterday, could it really happen, could they go for a cut, highly, highly unlikely, jim. >> yeah, look, there is always an element, imagine this, let's say i came out right now and i said, i think they're going to cut tomorrow. on...
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Jul 10, 2024
07/24
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. >>> later, anthony noto joins us live from the tune valley tech conference.e... ♪ we invent them. we design them. we build them. and one day, we have to let them soar. ♪ i'm always coming home ♪ with the price of just about everything inflating these days, you may wonder why mint is deflating the price of mint unlimited from $30 a month to just $15 a month. well, it's easy. we know a great price on a great product is better than one of those things. right? does big wireless really believe that these things actually work? ( ♪♪ ) ( ♪♪ ) this one will never see the light of day. all right. >>> fed chair jay powell back on capitol hill today for round two of testimony on his semiannual monetary report. this comes only a day after treasury secretary janet yellen testified in front of the house financial services committee where she echoed chair powell's comments about the labor market no longer driving inflation. joining us now, financial services committee chairman patrick henry. good to see you, mr. chairman. do you agree that we can -- or the fed or as a countr
. >>> later, anthony noto joins us live from the tune valley tech conference.e... ♪ we invent them. we design them. we build them. and one day, we have to let them soar. ♪ i'm always coming home ♪ with the price of just about everything inflating these days, you may wonder why mint is deflating the price of mint unlimited from $30 a month to just $15 a month. well, it's easy. we know a great price on a great product is better than one of those things. right? does big wireless...
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Jul 9, 2024
07/24
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noto.aho for all the details. want to save on some of the biggest names in streaming on the network made for streaming? x marks the spot. now you can add the new xfinity streamsaver™ that includes netflix, peacock, and apple tv+. that's xfinity streamsaver™ for just $15 a month. all your favorites. all in one place. only from xfinity. for more watching and less spending... x marks the spot. do it all on the network made for streaming, and bring on the good stuff. >>> welcome back to "fast money." media and tech titans meet and for most, media streaming is top of mind. julia boorstin is live in idaho with more on what we can expect. julia. >> reporter: well, melissa, this annual conference gathers media moguls, tech titans, and deep pocket investors. this year there will be a lot of o talk about the just announced merger with paramount and bytedance. david zaslav is here. his disney bundle is coming this summer and the sports streamer. >> we're exciting about venue. it's a really contemporar
noto.aho for all the details. want to save on some of the biggest names in streaming on the network made for streaming? x marks the spot. now you can add the new xfinity streamsaver™ that includes netflix, peacock, and apple tv+. that's xfinity streamsaver™ for just $15 a month. all your favorites. all in one place. only from xfinity. for more watching and less spending... x marks the spot. do it all on the network made for streaming, and bring on the good stuff. >>> welcome back...
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Jul 29, 2024
07/24
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noto and legendary stanford economics professor john taylor, what is taylor going to say i'm dying to hear that, tomorrow at 3:00 p.m. eastern on fox business, the dow jones industrials down about 13 points in endured lows of 200 points today and a high of 93, who knows where this is going, you have to stay with us. ♪ chase freedom unlimited. so, if you're off the racking... ...or crab cracking, you're cashbacking. cashback on flapjacks, baby backs, or tacos at the taco shack. nah, i'm working on my six pack. switch to a king suite- 'sor do you cashback? chase. make more of what's yours. energy fuels, a leading american uranium producer, is ramping up production to supply expanding nuclear markets and diversifying into rare earth elements, key ingredients in many clean energy and defense technologies. energy fuels. liz: the dow just lost during the commercial break we're going to re-amend we will be re-amending are unchanged line crossing for the dow which earlier stood at 135 times, fox business alert who needs a disney process when you have a hairy mammoth in the scarred antihero th
noto and legendary stanford economics professor john taylor, what is taylor going to say i'm dying to hear that, tomorrow at 3:00 p.m. eastern on fox business, the dow jones industrials down about 13 points in endured lows of 200 points today and a high of 93, who knows where this is going, you have to stay with us. ♪ chase freedom unlimited. so, if you're off the racking... ...or crab cracking, you're cashbacking. cashback on flapjacks, baby backs, or tacos at the taco shack. nah, i'm...
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Jul 30, 2024
07/24
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sofi, the ceo anthony noto was on and his high yield bank account is around there on the higher end ofs got all kinds of lending options and technology options and brokerage options? >> a long term one and first quarter of next year, we're going to launch an entire suite of tax awareness investments as well, which will ultimately drive people's bottom lines for many products. but right now, yes, there are high yield savings accounts that are 4.5, 4.8, but still not 5.3 and it's not tax deductible. and if you've got an online savings account, you still have half your money sitting in a checking act. what does that mean? you think you're getting 4.4 in your savings account, but you're for an -- half your money is there you're getting 2.2% on your cash. liz: it is called the evergreen liquid treasury account? >> liquid treasuries. liz: okay, where can people find this if they're interested in >> evergreenmoney.com. liz: evergreenmoney.com. please come back. >> i'd be delighted to. liz: you wear a couple hats and run a dozen companies and have a few more left in you. >> i do. liz: thank yo
sofi, the ceo anthony noto was on and his high yield bank account is around there on the higher end ofs got all kinds of lending options and technology options and brokerage options? >> a long term one and first quarter of next year, we're going to launch an entire suite of tax awareness investments as well, which will ultimately drive people's bottom lines for many products. but right now, yes, there are high yield savings accounts that are 4.5, 4.8, but still not 5.3 and it's not tax...
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Jul 29, 2024
07/24
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. >> speaking of fintech, don't miss anthony noto tomorrow morning after releasing results and that'seastern on "squawk on the street." we are drilling down on three names before the bell. the p & g. jetblue hasn't posted a positive year since the pandemic and 'll bring you the earnings and trade coming up on the earnings exchange. is ramping up production to supply expanding nuclear markets and diversifying into rare earth elements, key ingredients in many clean energy and defense technologies. energy fuels. i'm andrea, and this is why i switched to shopify. it gave me so much peace of mind. if we make a change, my site's not going to go down. and just knowing that i have a platform that we can rely on, that is gold to us. start your free trial today. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay
. >> speaking of fintech, don't miss anthony noto tomorrow morning after releasing results and that'seastern on "squawk on the street." we are drilling down on three names before the bell. the p & g. jetblue hasn't posted a positive year since the pandemic and 'll bring you the earnings and trade coming up on the earnings exchange. is ramping up production to supply expanding nuclear markets and diversifying into rare earth elements, key ingredients in many clean energy and...
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Jul 11, 2024
07/24
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it was anthony noto who said trump yesterday. and hopefully no one else -- >> not shocked at all. oh. i just thought you said you heard what this guy said to, was the more common thing, which is more -- >> both things. >> oh, okay. >> i would say a ub in of people have said that they believe that a republican administration, i would say noto did not say trump's name. he is said the republican administration would be better. >> it's like voldemort. i understand. >> you want to the know when you're vying to a new potential candidate? you wouldn't consider a new potential candidate out there jrchlt i. >> i'm not saying it's me. people that support trump don't need a new candidate. neem your position think that. i know. some people are avidly pro-trump. they don't want a new candidate. people looking at joe biden at 87 years old might want a new candidate. who would you want on the trump side, joey? on the republican side? who would get your interest there? give me a name. >> i -- there's a whole wide range of people. >> really? >> almost anybody else, i guess i'd say. >> barry wouldn
it was anthony noto who said trump yesterday. and hopefully no one else -- >> not shocked at all. oh. i just thought you said you heard what this guy said to, was the more common thing, which is more -- >> both things. >> oh, okay. >> i would say a ub in of people have said that they believe that a republican administration, i would say noto did not say trump's name. he is said the republican administration would be better. >> it's like voldemort. i understand....