SoFi's Earnings Boost Stock. The Fintech's Mission to Become a "One-Stop-Shop" is Paying Off.

SoFi Technologies (i) reported another quarter of strong results and raised its full-year guidance for the second time this year. The fintech is on a success path and shows no signs of slowing down. The adjusted earnings for Q3 were 11 cents per share, exceeding analysts' expectations of 8 cents. The adjusted net revenue of $950 million significantly outperformed projections of $889 million. Growth drivers: lending segment and personal loans Although SoFi has moved away from its original business model as a student loan refinancing company,...