More Banks Report Mixed Results, but This Fintech Disruptor's Stock Soared Wednesday

2022 has gotten off to an ugly start for the stock market, but Wednesday morning, market participants seemed ready to claw back at least a little bit of the ground major market benchmarks have lost in the first few weeks of the year. As of just before 8:30 a.m. ET, Dow Jones Industrial Average (DJINDICES: ^DJI) futures were up 77 points to 35,336. S&P 500 (SNPINDEX: ^GSPC) futures had gained 14 points to 4,585, while Nasdaq Composite (NASDAQINDEX: ^IXIC) futures had risen 59 points to 15,265.

We've seen a big round of bank stock earnings over the past week, and a couple more industry leaders gave investors their latest results. However, it was news from SoFi Technologies (NASDAQ: SOFI) that produced much bigger stock price moves. Read on to see how Bank of America (NYSE: BAC) and U.S. Bancorp (NYSE: USB) fared at the end of 2021, and then find out why SoFi's on the move higher.

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Source Fool.com