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Here's Why SoFi Technologies Stock Soared Today

TheMotleyFool

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Here's Why SoFi Technologies Stock Soared Today: https://g.foolcdn.com/editorial/images/694049/investor-gettyimages-638638994.jpg

Shares of SoFi Technologies (NASDAQ: SOFI) jumped 28% on Wednesday after the digital financial services provider issued an upbeat profit forecast.

SoFi's net revenue surged 57% year over year to $363 million in the second quarter. The fintech company gained more than 450,000 members during the quarter, bringing its total membership to over 4.3 million. That's up 69% compared to the second quarter of 2021.

Those members are also using more of SoFi's financial products and services. Its total products at quarter-end were up 79% to 6.6 million.

Source Fool.com

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