SoFi Stock Surges as Earnings and Revenue Exceed Expectations, Membership Growth Soars
We witnessed a remarkable surge in SoFi stock as SoFi Technologies announced stellar second quarter earnings, exceeding Wall Street expectations. The company reported a profit of 8 cents per share and $858 million in adjusted net revenue, marking a 44% growth year-over-year. With 850,000 new members added, bringing the total to 11.7 million, SoFi’s momentum…