SoFi Just Crushed Earnings. So Why Is the Stock Down?
The stock market is filled with mystery. One stock that consistently piques my curiosity is financial services and banking platform SoFi (NASDAQ: SOFI).
Over the last few years SoFi has managed to disrupt the financial services industry by aggressively acquiring customers -- particularly in the desirable Gen Z and millennial demographics.
The company's second-quarter earnings demonstrated that management's growth plan continues to take shape. And yet despite this growth, it seems like investors are souring on the stock -- sending shares down roughly 3% as of the time of this article. Although this might not seem like much, it adds to the 28% decline so far in 2024.
Source Fool.com
