SoFi’s stock climbs as lending surge drives an earnings beat and rosy outlook

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SoFi Technologies reported quarterly results above analysts’ expectations on Tuesday, supported by strong growth in its lending business. The online bank beat forecasts for revenue, earnings per share and net income. It also added a record 1.2 million members and 2.2 million new products, increases of 35% and 44% respectively from a year earlier. An early look at 2027 impressed Wall Street and contributed to the rise in the company’s shares.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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