Reported 3 months ago
SoFi Technologies Inc. has raised its 2024 profit and revenue forecasts for the second time this year. The fintech company, benefiting from its technology businesses and lending operations, now expects earnings per share to be between 9 to 10 cents, along with adjusted net revenue projected at $2.425 to $2.465 billion. CEO Anthony Noto highlighted that financial services and tech segments now account for a record 45% of adjusted net revenue. SoFi's recent financial reports indicate sustained strong results despite a challenging rate environment.
Source: YAHOO