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Nov. 10, 2021, 12:11 p.m. EST

Affirm, SoFi stocks drop ahead of earnings

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By Emily Bary

Wednesday afternoon marks an eventful period for financial-technology earnings, with Affirm Holdings Inc. /zigman2/quotes/223715966/composite AFRM -3.21% , SoFi Technologies Inc. /zigman2/quotes/222838146/composite SOFI +2.37% , and Marqeta Inc. /zigman2/quotes/227203754/composite MQ -1.58% due to report, and all three stocks are falling ahead of those results. Affirm shares are down nearly 13%, while SoFi shares are off more than 4%, and Marqeta shares are down more than 3%. Investors seem to have high expectations for fintech companies this reporting season, as Toast Inc. /zigman2/quotes/229432452/composite TOST -7.27% shares are getting burned despite a beat on headline metrics late Tuesday. Wednesday seems to be trending better for older-school fintech players, with shares of Mastercard Inc. /zigman2/quotes/207581792/composite MA -0.92% up nearly 4% after the company delivered growth targets at its investor-day event that impressed at least one analyst. Shares of rival Visa Inc. [s; V] are up about 1% Wednesday.

/zigman2/quotes/223715966/composite
US : U.S.: Nasdaq
$ 22.95
-0.76 -3.21%
Volume: 32.56M
May 16, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$6.74 billion
Rev. per Employee
$530,447
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/zigman2/quotes/222838146/composite
US : U.S.: Nasdaq
$ 6.91
+0.16 +2.37%
Volume: 60.53M
May 16, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$6.18 billion
Rev. per Employee
$484,096
loading...
/zigman2/quotes/227203754/composite
US : U.S.: Nasdaq
$ 8.71
-0.14 -1.58%
Volume: 8.57M
May 16, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.81 billion
Rev. per Employee
$585,839
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/zigman2/quotes/229432452/composite
US : U.S.: NYSE
$ 13.90
-1.09 -7.27%
Volume: 6.79M
May 16, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$9.09 billion
Rev. per Employee
$617,312
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/zigman2/quotes/207581792/composite
US : U.S.: NYSE
$ 329.73
-3.07 -0.92%
Volume: 2.06M
May 16, 2022 4:00p
P/E Ratio
34.31
Dividend Yield
0.59%
Market Cap
$323.79 billion
Rev. per Employee
$828,667
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