New York, January 14, 2026, 10:39 EST — Regular session
- SoFi shares dropped roughly 3% in early trading, following a weaker trend among financial stocks.
- Washington’s back-and-forth on a 10% cap for credit-card rates keeps consumer lenders under the spotlight.
- Traders are eyeing SoFi’s Jan. 30 earnings for fresh details on loan growth and credit trends.
Shares of SoFi Technologies Inc (SOFI.O) dropped roughly 3%, slipping to $26.34 in early Wednesday trading, following a close of $27.14 in the previous session.
Investors remain fixated on President Donald Trump’s push for a one-year cap on credit-card interest rates—a move that has rattled bank and card-related stocks. UBS Global analysts noted, “It would take an Act of Congress” to implement any rate caps, highlighting the significant legal and political hurdles ahead. 1
SoFi finds itself caught in a tricky spot. It promotes itself as a digital, all-in-one finance platform, yet it’s also vying for borrowers who might opt for personal loans if credit card access shrinks.
On Capitol Hill, House Speaker Mike Johnson called for Congress to “investigate” the proposal, cautioning about potential “negative secondary effects” like lenders scaling back or lowering borrowing limits. He noted that passing legislation would be necessary to enforce a cap. 2
Separately, SoFi announced it will match the federal government’s new $1,000 seed contribution by putting an additional $1,000 into eligible employees’ children’s investment accounts, linked to a federal initiative dubbed “Trump Accounts.” “Few things matter more than investing early, and nothing is earlier than day one,” CEO Anthony Noto said in the statement. 3
The broader market environment hasn’t been kind. Wall Street’s key indexes dropped again as investors absorbed earnings from Bank of America and Citigroup, plus new U.S. economic data, Reuters reported. “Banks have had a very strong start to the year and markets are taking a little time to digest” the results, said Jake Johnston, deputy CIO at Advisors Asset Management. 4
SoFi investors have their sights set on the upcoming earnings report. The company plans to release its Q4 and full-year 2025 results Friday, Jan. 30, followed by a conference call at 8 a.m. Eastern. 5
The report is set to intensify discussions around persistent pressure points: loan demand, funding costs, and the stability of credit performance as the company expands its lending portfolio.
The policy noise presents a genuine risk. Should the rate-cap movement gain traction, lenders might respond by tightening underwriting standards. This could push consumer borrowing into unpredictable territory, possibly spiking demand for more expensive, less regulated credit options.
Traders are eyeing any fresh updates from the White House and Congress on the cap’s mechanics before Jan. 20. The market could also shift depending on the next wave of bank commentary. For SoFi, the focus turns to Jan. 30, the next key date on its calendar.
