SOFI

Up on record loan originations, deposits, growth

• SOFI +2.29% on the last session vs SPY +0.09%: +2.2 pts of stock-specific move.
• News: 247wallst.com reports SoFi posted record loan originations, deposits, and member growth. (247wallst.com)
• Not a group move: its brokers & fintech peers +0.5% (+0.5 pts vs SPY).
• Aftermath, big drop (Oct 14): After its 53 big drops in the past 5 years, SOFI was higher a month later 29 times out of 53; half the outcomes fell between -8.4% and +15.4%. History, not a forecast.
• 19 Reddit mentions in the past 24 hours, 73% positive over the week.
• 2 analyst actions in the past 10 days (0 positive, 1 negative); latest: TD Cowen maintained Hold, lowered target $18.00 → $17.50.
• 2 insider or congressional trades in the past 30 days.
• Market backdrop (Today): Core PPI m/m 1.3% vs 0.3% expected (hotter); Core Retail Sales m/m 0.9% vs 0.6% expected (stronger); S&P futures -0.08%, 10-year yield -3bp in the 30 minutes after.
• Activity: volume on pace for 1.6× its 20-day average.