New York, May 17, 2026, 12:06 (EDT)
- SoFi Technologies ended Friday at $15.61, dropping 2.56% during the session and slipping roughly 0.9% from where it finished on May 8. The fintech lender faced a volatile week.
- Nasdaq stays closed this weekend. Normal hours are Monday through Friday from 9:30 a.m. to 4:00 p.m. New York time.
- Investors will be watching SoFi on May 19, as the company joins J.P. Morgan’s technology, media and communications conference. SoFi stuck to its 2026 forecast even though the company posted record first-quarter numbers.
SoFi Technologies enters the week on its back foot after shares slipped Friday. The stock got hit by a wider selloff in U.S. growth names and continued doubts about whether the digital lender can deliver more upside if it leaves its full-year outlook unchanged.
Timing is in focus. U.S. markets shut for the weekend, so the opening bell on the next session will be investors’ first shot to react to a week with SoFi’s PrimaryBid asset buy, new worries about bond yields and oil, and the upcoming investor conference slot for management.
SoFi shares ended Friday at $15.61, down 2.56%, with volume near 50.1 million. The stock eased from $15.75 at the close on May 8, losing ground for the week after rallying 3.24% on Monday. It fell three of the next four sessions, choppy trading for just a minor weekly dip.
Stocks pulled back on Friday, with investors moving out of risk. The Dow dropped 1.07%, the S&P 500 fell 1.24%, and the Nasdaq slipped 1.54% as oil and Treasury yields climbed. Still, Reuters said the S&P 500 put up its seventh weekly gain. The Nasdaq, though, ended a six-week run. “There’s a realization that the market had gotten way ahead of itself,” Kenny Polcari, chief market strategist at Slatestone Wealth, told Reuters. Reuters
That backdrop is a real factor for SoFi. Higher bond yields mean higher borrowing costs, and can make investors less eager to pay up for fast-growing fintech lenders. Investors warned Sunday that equity markets may still not be fully pricing in the risks from inflation and rising yields, according to .
SoFi’s first-quarter numbers looked strong. The company posted adjusted net revenue of $1.1 billion, which was up 41% from last year. Adjusted EBITDA was $340 million, jumping 62%. Net income using standard accounting hit $166.7 million, or 12 cents per diluted share.
The main question after SoFi’s earnings has been about its guidance. SoFi kept its 2026 outlook steady with revenue at about $4.66 billion and profit seen at 60 cents per share, according to Reuters. “SoFi uncharacteristically did not flow through first-quarter revenue and EBITDA upside, keeping 2026 guidance effectively unchanged,” William Blair analyst Andrew Jeffrey said, per Reuters. “The Street will hate these results, in our view, but we see limited downside.” Reuters
Chief Executive Anthony Noto downplayed concerns about demand, telling Reuters, “The health of our consumer base remains strong,” after the company reported results. He pointed to record loan growth and said demand should continue into the second quarter. Noto also said old banks are stuck with “fragmented, decades-old systems,” as SoFi keeps picking up market share. Reuters
M&A made news last week. PrimaryBid said on its website dated May 8 that SoFi had bought its technology. PYMNTS said a SoFi spokesperson confirmed SoFi picked up the assets from PrimaryBid’s directed share program, which helps retail investors or select customers access share offerings, including IPOs, before or at listing.
SoFi’s latest deal is another step as it moves from just lending to more investment and capital-markets business. The company now competes with other fintech and consumer-credit firms like Upstart, LendingClub, and Affirm—names all tied to swings in credit demand, funding costs, and consumer spending. SoFi’s valuation was about $21.5 billion in recent trading, nearly matching Affirm at $22.9 billion, and well ahead of Upstart’s $2.9 billion and LendingClub’s $1.8 billion.
SoFi will present to investors Tuesday, but there’s no earnings update on tap. Management is set to speak at 2:15 p.m. ET at the 54th Annual J.P. Morgan Global Technology, Media and Communications Conference. Investors may be looking for any new comments about loan demand, deposit costs, the status of the PrimaryBid integration, and if the 2026 outlook staying steady signals caution or just a hard cap.
Risks for SoFi are clear. If oil-fueled inflation keeps yields up, if credit losses go up, or if loan buyers want stricter terms, SoFi’s lending story could lose appeal. There was also a miss in the May 7 filing: technology platform revenue fell 27% in Q1 and total accounts slipped 16% after a big client left.
SOFI has solid numbers but the market is asking for more. Shares sold off Friday but still held the week. Focus turns to Tuesday when management speaks.
