My target position has now been reached. If there is a major setback, I will consider buying more.

$SOFI (+1.77%)

For those who didn't know it yet, $TOST (-0.05%) , $HOOD (+0.44%) and $DAVE are Galileo customers of $SOFI (+1.77%)

https://www.galileo-ft.com/clients/

It's exciting to see what else is possible in combination with Technisys.

A major bank customer this year would probably be the final breakthrough 💪

The Block item $SQ (+0.5%) (Square & Cash App) was expanded to 100 shares.

I am now invested in a large number of fintechs ($PYPL, (-1.05%)
$SOFI, (+1.77%)
$GPN, (+0.79%)
$SQ) (+0.5%) because I am convinced that at least one of these stocks will make a moon landing. They are not all really comparable, but each has the potential to be an X-Bagger 😎🤞🏼

On and on 🫡

CPI 2.9% YoY, (Est. 2.9%)

CPI 0.4% MoM, (Est. 0.4%)

Core CPI 3.2% YoY, (Est. 3.3%)

Core CPI 0.2% MoM, (Est 0.3%)

Wuhaaaaaa ✌️ The nervousness should fade today.

$SOFI (+1.77%) to the 🌝🌜🚀

$JPM (-0.23%)

"The US economy has proven to be robust. Unemployment remains relatively low and consumer spending remained strong through the vacation season. Businesses are more optimistic about the economy and are encouraged by expectations of a more growth-oriented agenda and improved cooperation between government and business."

"However, two significant risks remain. Current and future spending needs are likely to be inflationary and therefore inflation could persist for some time. In addition, geopolitical conditions remain the most dangerous and complicated since the Second World War. As always, we hope for the best, but are preparing the company for a variety of scenarios."

$C (-0.1%) , $WFC (-0.4%) , $BAC (-0.15%) , $DBK (+0.54%) , $SOFI (+1.77%) , $BLK (+0.17%) , $MS (-0.27%) , $HSBA (-0.41%) ,

$JPM (-0.23%)

Very strong result

• Revenue: $43.74B (Est. $41.71B) ; UP +10% YoY
• EPS: $4.81 (Est. $4.11) ; UP +58% YoY
• Net Interest Income: $23.5B (Est. $23.07B) ; DOWN -3% YoY
• Investment Banking Rev $2.60B (Est $2.56B)
• FICC Sales & Trading Rev $5.01B (Est $4.37B)
• Net Income: $14.0B (Est. $11.47B) ; UP +50% YoY

Q4 Segment Performance:

Consumer & Community Banking (CCB):

• Revenue: $18.4B (Est. $17.65B) ; UP +1% YoY
• Debit & Credit Card Sales Volume: UP +8% YoY
• Active Mobile Customers: UP +7% YoY

Commercial & Investment Bank (CIB):

• Revenue: $17.6B (Est. $15.86B) ; UP +18% YoY
• Investment Banking Fees: UP +49% YoY
• Markets Revenue: $7.0B; UP +21% YoY
• Fixed Income: UP +20% YoY
• Equity Markets: UP +22% YoY

Asset & Wealth Management (AWM):

• Revenue: $5.78B (Est. $5.54B) ; UP +13% YoY
• AUM: $4.0T; UP +18% YoY

Operational Metrics:

• ROE: 17%; ROTCE: 21%
• Average Loans: $1.3T; UP +2% YoY (Est $1.35T)
• Average Deposits: UP +2% YoY

Capital Distribution:

• Common Dividend: $1.25/share, totaling $3.5B
• Share Repurchases: $4.0B

Financial Overview:

• Record full-year net income: $58.5B ($19.75/share)
• FY24 ROTCE: 21%
• CET1 Capital Ratio: 15.7%

Comment from CEO Jamie Dimon:

• "We ended the year with record net income, driven by solid performance across our businesses, including record payments revenue and robust client asset inflows in AWM."
• "The US economy remains robust. Consumer spending is high and unemployment is low. However, we remain cautious given geopolitical risks and inflationary pressures."

Strategic focus and outlook:

• Continued investment in technology, customer growth and balance sheet management.
• Focus on regulatory compliance while maintaining a "fortress balance sheet".

$SOFI (+1.77%) 🚀, $WFC (-0.4%) , $JPM (-0.23%) , $MS (-0.27%) , $C (-0.1%) , $BLK (+0.17%)

This decree allows banks to take custody #Bitcoin and thus enables massive acceptance.

Congress passed it last year, but Biden vetoed it. Trump's team made it clear: this is priority No. 1.

• Spot ETFs authorized
• Fair value accounting was confirmed
• Repeal of SAB 121 = banks + Bitcoin

Deregulation of the crypto market is good for a pro-crypto bank like $SOFI (+1.77%) 🚀

Use the correction to add in tranches, I don't care what happens in the short term, it's a long-term investment for me!