SoFi Technologies: The Market Is Biased (Rating Upgrade)
SoFi Technologies(SOFI) Seeking Alpha·2024-07-31 19:18
BlackJack3D/E+ via Getty ImagesSoFi (NASDAQ:SOFI) presented another strong earnings card for its second fiscal quarter on Tuesday that reflected the second-highest amount of net account additions in the Fintech’s history. SoFi acquired 643k new members in Q2’24 which led to the highest amount of quarterly revenues ever reported. The Fintech also raised its guidance for FY 2024 EBITDA and revenues a second time this year, which in part is due to a strong product growth, especially in the financial servic ...