CMB Stock News Of The Day 📰🗞️🗞️📈📉

“SoFi Shares Surge on Strong Earnings and Expanding Financial Services Portfolio“ 🚨

Shares of SoFi Technologies (SOFI) jumped 5.75% to $31.73 following the company’s release of better-than-expected earnings and revenue, signaling growing momentum beyond its traditional student lending base.

SoFi reported adjusted earnings per share of $0.11, surpassing the $0.08 consensus from 11 estimates compiled by FactSet. Adjusted revenue came in at $949.6 million, topping Wall Street’s forecast of $888.9 million. The company also raised its full-year adjusted revenue guidance to $3.54 billion, above the prior consensus of $3.45 billion.

The strong results reflect SoFi’s expanding suite of financial offerings, which now includes trading, wealth management, mortgages, credit cards, and soon, cryptocurrency trading. Analysts say this diversification is helping the fintech attract a broader audience beyond student borrowers, driving sustained growth.

SoFi’s stock has also been drawing increased attention among retail investors, with heightened mentions on r/WallStreetBets and elevated call options activity, particularly during October, highlighting growing speculative interest in the company.

“SoFi continues to prove that it’s not just a student lender anymore,” one analyst said. “Its expanding product lineup and strong execution position the company well for continued growth in 2025 and beyond.”

The combination of strong earnings, raised guidance, and increasing retail interest has pushed SoFi shares to nearly double in 2025, cementing its position as one of the fintech sector’s standout performers.