New York, February 24, 2026, 05:55 EST — Premarket
- SoFi slipped 4.2% Monday, then ticked down another 0.3% in early premarket trading Tuesday.
- Financial stocks took a beating as the session swung sharply risk-off.
- Big earnings are up this week, while SoFi’s next results are eyed for early May.
SoFi Technologies slipped 0.3% to $18.18 ahead of Tuesday’s opening bell, after dropping 4.2% the day before and ending at $18.22.
The latest slide is key here—SoFi’s acting like a high-beta risk play, and on Monday, traders wanted out of that. Financials tumbled 3.3%. Wall Street closed deep in the red, with tariff jitters back in focus and fresh concerns swirling about AI disruption, according to Reuters.
Rate bets factor in here, too. The New York Fed’s inflation measure edged up to 2.8% for December. Dallas Fed President Lorie Logan told Reuters she’s “cautiously optimistic” inflation can return to the Fed’s 2% goal. Reuters
SoFi shares bounced between $17.58 and $18.76 on Monday, with roughly 82.7 million shares traded — activity far heavier than the stock’s recent average. After closing at $19.54 on Feb. 18, the stock has slipped over several sessions, then pulled back further Monday.
Jan. 30 marked the company’s last significant driver: quarterly profit climbed, powered by solid loan demand and rapid gains in its fee-based segments—enough to blunt the impact from interest rate swings.
SoFi’s lending and fee businesses can sparkle when growth is the story and funding costs aren’t moving. But when traders bolt, that same mix can get slammed in a hurry.
But here’s the rub: when tariff chatter brings inflation jitters back into focus and rate-cut hopes start slipping away, funding costs and credit risks usually inch up for consumer lenders. That pressure can hit valuations.
Investors have their eye on SoFi’s next reporting date—set for May 4, unless the company shifts the schedule.
But first, this week’s batch of heavyweight earnings is set to steer sentiment—Nvidia among them, now seen as a key gauge of risk appetite.
Traders are bracing for the March 13 PCE price index drop, the Fed’s favored inflation signal and a potential trigger for another round of shifting rate bets.
