Reported 3 months ago
Anthony Noto, CEO of SoFi Technologies, reported the company's second-quarter earnings, showcasing a 22% year-over-year revenue increase and a significant shift from risky lending to diversified financial services. This milestone quarter saw over 643,000 new members added, with total membership nearing 8.8 million. Wall Street analysts expressed confidence in SoFi's growth, emphasizing the company's innovative approach and steady profitability despite market challenges.
Source: YAHOO