SoFi stock soars as fintech firm becomes profitable.

January 29, 2024
1 min read

TLDR: SoFi Technologies, a fintech company, reported its first profit on an adjusted basis in the fourth quarter of 2023. The company saw a 34% increase in revenue, beating Wall Street’s expectations. SoFi stock jumped 16% after the earnings report was released. The company also provided 2024 earnings guidance, which came in above expectations. SoFi offers college student loans, home loans, and personal loans, and holds a banking license.

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