Challenger bank Dave plans upgrades to cash advance underwriting model
The company is seeing growth in use of its ExtraCash short-term loans, which are an alternative to overdrafts.
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The company is seeing growth in use of its ExtraCash short-term loans, which are an alternative to overdrafts.
Without the increase in valuations, the company recorded a reduced, adjusted, pretax loss in the third quarter; so it's doing more to cut costs and focus on subservicing strategies.
SYF earnings call for the period ending September 30, 2022.
Several Wall Street analysts lowered their price targets after Affirm posted earnings on Aug. 25.
As large amounts of student debt are forgiven, it might seem like SOFI stock is destined to fall, but there are reasons to remain optimistic.