Reported 2 months ago
SoFi Technologies has reported strong second-quarter results with a 22% increase in revenue and net income of $17 million, yet its stock remains down, following the trend after previous earnings reports. Despite strong performance across its financial services and lending segments, investor focus continues to linger on lending concerns, leading to a lack of enthusiasm in the market. CEO Anthony Noto emphasizes the company’s expansion into broader financial services as a key future growth strategy, but the stock may not see significant gains until interest rates decline.
Source: YAHOO