Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) surged higher this week as the digital financial services provider posted record-breaking loan origination numbers, signaling renewed investor optimism and underlining the firm’s rapid growth trajectory. The market’s reaction to SoFi’s latest earnings and operational highlights demonstrates how the company
Risk appetite took a breather Tuesday, with major U.S. stock indices retreating modestly from record highs as investors braced for a pivotal stretch of earnings and macro events.
William Blair expects SoFi’s expanding lineup of financial products, ranging from savings and spending tools to lending, investing, and advisory services, to erode the market share of legacy banks rapidly.
SoFi reported second-quarter revenue of $858.23 million, beating analyst estimates of $801.49 million, according to Benzinga Pro. The company reported second-quarter adjusted earnings of 8 cents per share, beating estimates of 6 cents per share.
