New York, Jan 10, 2026, 08:28 EST — Market closed
- SoFi shares slipped 1.1% to close Friday at $27.40.
- The latest SEC Form 8-K detailed the adviser position and compensation plan for ex-General Counsel Stephen Simcock.
- Next up for investors: U.S. inflation figures due next week and SoFi’s earnings report on Jan. 30.
Shares of SoFi Technologies (SOFI.O) dipped 1.1% on Friday, closing at $27.40, after the fintech firm filed a Form 8-K outlining a new paid adviser role for its former general counsel. Stephen Simcock, who retired effective Dec. 31, 2025, will serve as an adviser from Jan. 5 through Dec. 31, 2026. He’ll receive a monthly fee of $83,333.33, along with COBRA health coverage subsidies covered by the company. The stock fluctuated between $27.25 and $28.37, with about 43.8 million shares changing hands. (CloudFront)
The timing is crucial as SoFi prepares to unveil its fourth-quarter and full-year results, with investors keen on any shifts in the company’s outlook on credit and expenses. SoFi plans to release earnings around 7 a.m. ET on Jan. 30, followed by a conference call at 8 a.m. (SoFi Technologies)
Rate talk remains the key factor influencing consumer lending. U.S. stocks hit record highs Friday following a softer December jobs report, while the 10-year Treasury yield closed at 4.18%, a crucial benchmark affecting borrowing costs throughout the economy. (Reuters)
SoFi’s decline was less steep compared to some rate-sensitive rivals. LendingClub dropped 3.3%, Upstart slid 2.9%, and buy-now-pay-later player Affirm inched up 0.3%.
But the stock’s sensitivity works both ways. If the economy slows and borrowers start missing payments, credit losses could climb. At the same time, a bounce in long-term yields might quickly dampen demand for new loans and squeeze funding spreads.
Traders head into Monday’s session with $27.25 marked as near-term support, while $28.37 stands as the initial resistance level. Investors will be watching closely for updates on SoFi Bank’s loan growth, credit performance, deposit trends, and customer acquisition costs.
This week is packed with macro data and earnings that could shape market moves. Reuters reported that JPMorgan and other major banks start releasing Q4 results on Tuesday, the same day the U.S. consumer price index drops. Analysts expect S&P 500 earnings to grow over 15% in 2026, according to LSEG IBES data. Michael Arone, chief investment strategist at State Street Investment Management, warned the market might be “underappreciating some of the events on the horizon” that could boost volatility. (Reuters)
