SoFi Technologies Watchlist

tz-plus logo Stocks in Action USA: SoFi, Celestica, Hawkins

L. Kulikov
Reading Time: 3 minutes

SoFi (SOFI) significantly exceeds expectations and raises forecast – strong lending business drives growth! The digital bank SoFi Technologies has significantly increased revenue and profit in the third quarter, exceeding analyst expectations. Revenue rose by 44% year-on-year to $1.4 billion, well above the consensus of $1.25 billion. Adjusted earnings per share reached 18 cents compared to the expected 17 cents. At the same time, SoFi gained 1.2 million new members – an increase of 35% and a new record. The main growth driver was the lending...

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